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


Citation

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

Abstract / Synopsis

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.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: 10.1016/S0922-1425(00)00055-4
Publisher: Elsevier
Keywords: Panel unit root, Panel cointegration, Purchasing power parity, Asian economies, Japanese economy
Depositing User: Erni Suraya Abdul Aziz
Date Deposited: 17 Dec 2010 08:54
Last Modified: 26 Oct 2015 11:55
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1016/S0922-1425(00)00055-4
URI: http://psasir.upm.edu.my/id/eprint/8756
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