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Details for article 11 of 168 found articles
| Title: |
Asymmetric adjustment towards long-run PPP: Some new evidence for Asian economies |
| Author: |
Holmes, Mark J. Wang, Ping |
| Appeared in: |
International economic journal |
| Paging: | Volume 20 (2006) nr. 2 pages 161-177 |
| Year: |
2006-06-01 |
| Contents: |
This paper investigates relative purchasing power parity for a sample of nine Asian economies during the post-Bretton Woods floating exchange rate era. While most existing studies of purchasing power parity employ linear tests of non-stationarity or non-cointegration, we employ a new cointegration test, recently advocated by Enders & Siklos and Enders & Dibooglu, that tests for an asymmetric adjustment towards parity with respect to positive and negative real exchange rate deviations from parity. In most cases, we find that long-run purchasing power parity is most likely to hold with respect to positive deviations only. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 11 of 168 found articles
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