Purchasing Power Parity in Asian Economies: Further Evidence from Rank Tests for Cointegration

Posted: 27 Feb 2006

Date Written: February 20, 2006

Abstract

The finding, from Breitung's (2001) nonparametric rank tests, that Asian exchange rates are nonlinearly cointegrated with their relevant fundamentals as suggested by Purchasing Power Parity (PPP) reinforces previous validations of PPP by the parametric testing procedures.

Keywords: Purchasing power parity, nonparametric test, rank test of cointegration

Suggested Citation

Liew, Venus Khim-Sen, Purchasing Power Parity in Asian Economies: Further Evidence from Rank Tests for Cointegration (February 20, 2006). Available at SSRN: https://ssrn.com/abstract=885502

Venus Khim-Sen Liew (Contact Author)

Universiti Malaysia Sarawak ( email )

Faculty of Economics and Business
Kota Samarahan, Sarawak 94300
Malaysia
+6082582415 (Phone)
+6082671794 (Fax)

HOME PAGE: http://www.feb.unimas.my/

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