Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration

Mohamed, Azali and Habibullah, Muzafar Shah and Baharumshah, Ahmad Zubaidi (2001) Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration. Japan and the World Economy, 13 (1). pp. 35-50. ISSN 0922-1425

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Official URL: http://dx.doi.org/10.1016/S0922-1425(00)00055-4

Abstract

This paper presents an empirical analysis of panel unit root and panel cointegration tests of long-run absolute purchasing power parity (PPP) for seven Asian developing economies (ADE). The evidence shows that the panel parametric and non-parametric tests either with a trend term or without a trend term support the hypothesis of cointegration between the bilateral exchange rates and relative prices against the selected foreign country — Japan.

Item Type:Article
Keyword:Panel unit root, Panel cointegration, Purchasing power parity, Asian economies, Japanese economy
Faculty or Institute:Faculty of Economics and Management
Publisher:Elsevier
DOI Number:10.1016/S0922-1425(00)00055-4
ID Code:8756
Deposited By: Erni Suraya Abdul Aziz
Deposited On:17 Dec 2010 00:54
Last Modified:17 Dec 2010 00:57

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