Long-run purchasing power parity and long-term memory: evidence from Asian newly industrialized countries

1997 ◽  
Vol 4 (9) ◽  
pp. 575-578 ◽  
Author(s):  
W. L. Chou ◽  
Y. C. Shih
Keyword(s):  
Purchasing Power Parity ◽  
Long Term Memory ◽  
Purchasing Power ◽  
Industrialized Countries ◽  
Power Parity ◽  
Term Memory ◽  
Newly Industrialized Countries ◽  
Long Run

Purchasing power parity as a long-term memory process

2015 ◽  
Vol 10 (4) ◽  
pp. 711-725 ◽  
Author(s):  
Mohamed Bilel Triki ◽  
Samir Maktouf
Keyword(s):  
Exchange Rate ◽  
Purchasing Power Parity ◽  
Empirical Literature ◽  
Long Term Memory ◽  
Purchasing Power ◽  
Power Parity ◽  
Fractional Cointegration ◽  
Content Type ◽  
Long Run ◽  
The Usa

Purpose – The purpose of this paper is to focus on whether the deviations from the cointegrating relationship possess long memory and the fractional cointegration analyses may capture a wider range of mean-reversion behaviour than standard cointegration analyses. Design/methodology/approach – This paper uses a fractional cointegration technique to test the purchasing power parity (PPP). Findings – The authors found that PPP held, but very weakly, in the long run between the Argentine, Brazil, Chile, Colombia, Indonesia, Korea, Mexico, Thailand and Venezuela and US exchange rate during our floating exchange rate period but that the deviations from it did not follow a stationary process. Nevertheless, it is also found that the deviations from PPP exists and can be characterized by a fractionally integrated process in nine out of 13 countries studied. Originality/value – The findings are consistent with the consensus of the empirical literature, reviewed earlier in this paper, on PPP between Argentine, Brazil, Chile, Colombia, Indonesia, Korea, Mexico, Thailand and Venezuela and the USA.

Long-run purchasing power parity in the 1920s: the Greek experience

1992 ◽  
Vol 24 (12) ◽  
pp. 1301-1306 ◽  
Author(s):  
Dimitris A. Georgoutsos ◽  
Georgios P. Kouretas
Keyword(s):  
Purchasing Power Parity ◽  
Purchasing Power ◽  
Power Parity ◽  
Long Run
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