Long-run purchasing power parity with asymmetric adjustment: Further evidence from nine transition countries

2011 ◽  
Vol 28 (3) ◽  
pp. 1383-1391 ◽  
Author(s):  
Tsangyao Chang ◽  
Han-Wen Tzeng
2011 ◽  
Vol 43 (2) ◽  
pp. 231-242 ◽  
Author(s):  
Tsangyao Chang ◽  
Yang-Cheng Lu ◽  
D. P. Tang ◽  
Wen-Chi Liu

2010 ◽  
Vol 17 (11) ◽  
pp. 1083-1087 ◽  
Author(s):  
Hsu-Ling Chang ◽  
Chi-Wei Su ◽  
Meng-Nan Zhu ◽  
Pei Liu

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Kashif Ali ◽  
Hafsa Hina ◽  
Muhammad Ijaz ◽  
Mahmoud El-Morshedy

The current study explores nonlinear cointegration as well as asymmetric adjustment to investigate the long-run purchasing power parity in three major trading partners of Pakistan. The ESTAR and LSTAR models were used to investigate the behavior of the nominal exchange rates. The findings declared that series follows the nonlinear exchange rate. The asymmetric behavior of the exchange rate allows the threshold cointegration model to be implemented. In the case of Pakistan-China, the result suggests that long-run PPP holds. As a result, trading will be more profitable if the exchange rate is varied in relation to major trading partners rather than just the US dollar.


2001 ◽  
Vol 68 (2) ◽  
pp. 433 ◽  
Author(s):  
Walter Enders ◽  
Selahattin Dibooglu

2011 ◽  
Vol 23 (4) ◽  
pp. 259-264 ◽  
Author(s):  
Tsangyao Chang ◽  
Chia-Hao Lee ◽  
Pei-I Chou ◽  
Dai-Piao Tang

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