Re-examining long-run purchasing power parity for Central and Eastern European countries: nonlinear panel unit root tests

2011 ◽  
Vol 18 (5) ◽  
pp. 411-415 ◽  
Author(s):  
Hsu-Ling Chang ◽  
Chi-Wei Su ◽  
Meng-Nan Zhu ◽  
Pei Liu
Keyword(s):  
Purchasing Power Parity ◽  
Unit Root ◽  
European Countries ◽  
Unit Root Tests ◽  
Eastern European ◽  
Panel Unit Root Tests ◽  
Power Parity ◽  
Panel Unit Root ◽  
Long Run ◽  
Eastern European Countries

Revisiting purchasing power parity in Eastern European countries: quantile unit root tests

2016 ◽  
Vol 52 (2) ◽  
pp. 463-483 ◽  
Author(s):  
Mohsen Bahmani-Oskooee ◽  
Tsangyao Chang ◽  
Tsung-Hsien Chen ◽  
Han-Wen Tzeng
Keyword(s):  
Purchasing Power Parity ◽  
Unit Root ◽  
European Countries ◽  
Unit Root Tests ◽  
Purchasing Power ◽  
Eastern European ◽  
Power Parity ◽  
Eastern European Countries

scholarly journals Purchasing power parity in ASEAN+3: an application of panel unit root tests

2018 ◽  
Vol 4 (1) ◽  
pp. 42-52
Author(s):  
Darja Boršič ◽  
Jani Bekő
Keyword(s):  
Purchasing Power Parity ◽  
Unit Root ◽  
Structural Break ◽  
The Philippines ◽  
Unit Root Tests ◽  
Purchasing Power ◽  
Panel Unit Root Tests ◽  
Power Parity ◽  
Panel Unit Root ◽  
Fisher Test

Abstract The paper assesses the existence of purchasing power parity (PPP) in ASEAN+3 economies taking into account EUR and USD as reference currencies. The research refers to the period from January 2000 to June 2017 and there are three points of view: we tested the period as a whole and then the pre-crisis period and the postcrisis period regarding the structural break due to the economic crisis. The evaluated economies include Brunei, Cambodia, China, Indonesia, Japan, Korea, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. A range of panel unit root tests are applied, covering the Levin, Lin and Chu test, the Breitung test, the Im, Pesaran and Shin test, the ADF-Fisher test and the PP-Fisher test. In cases where the unit root is rejected, the validity of PPP is confirmed. However, our results are ambiguous and depend on the selection of the base currency, the time period observed and on the choice of the methodology.

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