Purchasing Power Parity in Transition Countries: Panel Stationary Test with Smooth and Sharp Breaks

Purchasing Power Parity Hypothesis In OIC Countries: Evidence From Panel Unit Root Tests With Heterogeneous Structural Breaks

Purchasing power parity in transition countries: Sequential panel selection method

a r t i c l e i n f o JEL Classification: C22 F31 Keywords: Purchasing power parity Real effective exchange rate Transition countries Sequential Panel Selection Method Panel KSS unit root test Fourier function Policy implications This study applies the Sequential Panel Selection Method (SPSM), proposed by Chortareas and Kapetanios (2009) to test the validity of long-run purchasing power parity ...

purchasing power parity hypothesis in oic countries: evidence from panel unit root tests with heterogeneous structural breaks

Purchasing power parity for 15 Latin American countries: Panel SURKSS test with a Fourier function

a r t i c l e i n f o JEL classification: C23 F31 Keywords: Purchasing power parity Panel SURKSS test with a Fourier function Latin American countries This study applies Panel SURKSS test with a Fourier function to investigate the properties of long-run purchasing power parity (PPP) in fifteen Latin American countries over the period of December 1994 to February 2010. The empirical results from...

Purchasing Power Parity during Currency Crises: A Panel Unit Root Test under Structural Breaks

In this paper the relevance of the PPP as a long-run relationship is studied using a panel of Latin American and Asian countries. We investigate the stationarity of real exchange rates by applying a new panel unit root test that is robust to structural breaks due to currency crises. It turns out that the long-run PPP relationship is relevant for the Asian countries, which experienced a flexible...