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Original Articles

Are Asian real exchange rates mean reverting? Evidence from univariate and panel LM unit root tests with one and two structural breaks

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Pages 2109-2120 | Published online: 11 Apr 2011

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Fang She, Muhammad Zakaria, Mahmood Khan & Jun Wen. (2021) Purchasing Power Parity in Pakistan: Evidence from Fourier Unit Root Tests. Emerging Markets Finance and Trade 57:13, pages 3835-3854.
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Ahmad Zubaidi Baharumshah, Siew-Voon Soon & Mark E. Wohar. (2015) Parity reversion in the Asian real exchange rates: new evidence from the local-persistent model. Applied Economics 47:59, pages 6395-6408.
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Ahmad Zubaidi Baharumshah & Siew-Voon Soon. (2012) Mean reversion in bilateral real exchange rates: evidence from the Malaysian ringgit. Applied Economics 44:22, pages 2921-2933.
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Chao-Hsiang Yang, Chi-Tai Lin & Yu-Sheng Kao. (2012) Exploring stationarity and structural breaks in commodity prices by the panel data model. Applied Economics Letters 19:4, pages 353-361.
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Joseph M. Kargbo. (2011) Capital flows, real exchange rate misalignment and PPP tests in emerging market countries. Applied Economics 43:15, pages 1883-1897.
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Peijie WangPeijie Wang. 2020. The Economics of Foreign Exchange and Global Finance. The Economics of Foreign Exchange and Global Finance 35 69 .
Mehmet Levent Erdas. (2019) Validity of Weak-Form Market Efficiency in Central and Eastern European Countries (CEECs): Evidence from Linear and Nonlinear Unit Root Tests. Review of Economic Perspectives 19:4, pages 399-428.
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Peijie Wang & Zhiyuan Liu. (2018) A triangular purchasing power parity hypothesis. The World Economy 41:11, pages 3071-3097.
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Burak GÜRİŞ, Yaşar Serhat YAŞGÜL & Muhammed TIRAŞOĞLU. (2018) E7 Ülkelerinde Satınalma Gücü Paritesinin Geçerliliğinin Doğrusal ve Doğrusal Olmayan Birim Kök Testleri ile Analizi. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi 4:2, pages 33-46.
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Soo Khoon Goh & Robert McNown. (2015) Examining the exchange rate regime–monetary policy autonomy nexus: Evidence from Malaysia. International Review of Economics & Finance 35, pages 292-303.
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Hooi Hooi Lean & Russell Smyth. (2014) Disaggregated energy demand by fuel type and economic growth in Malaysia. Applied Energy 132, pages 168-177.
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Hooi Hooi Lean & Russell Smyth. (2014) Are shocks to disaggregated energy consumption in Malaysia permanent or temporary? Evidence from LM unit root tests with structural breaks. Renewable and Sustainable Energy Reviews 31, pages 319-328.
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Takashi Matsuki & Kimiko Sugimoto. (2013) Stationarity of Asian real exchange rates: An empirical application of multiple testing to nonstationary panels with a structural break. Economic Modelling 34, pages 52-58.
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Hooi Hooi Lean & Russell Smyth. (2012) Regional House Prices and the Ripple Effect in Malaysia. Urban Studies 50:5, pages 895-922.
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Joakim Westerlund & Johan Blomquist. (2012) A modified LLC panel unit root test of the PPP hypothesis. Empirical Economics 44:2, pages 833-860.
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Yasemin Deniz Akarim & Serafettin Sevim. (2013) The impact of mean reversion model on portfolio investment strategies: Empirical evidence from emerging markets. Economic Modelling 31, pages 453-459.
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Hooi Hooi Lean & Russell Smyth. (2013) Are fluctuations in US production of renewable energy permanent or transitory?. Applied Energy 101, pages 483-488.
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Mohsen Bahmani-Oskooee & Scott W. Hegerty. (2009) PURCHASING POWER PARITY IN LESS-DEVELOPED AND TRANSITION ECONOMIES: A REVIEW PAPER. Journal of Economic Surveys 23:4, pages 617-658.
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Seema Narayan & Russell Smyth. (2008) Unit roots and structural breaks in PNG macroeconomic time series. International Journal of Social Economics 35:12, pages 963-984.
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Peijie Wang & Fangya Xu. (2013) Triangular PPP. SSRN Electronic Journal.
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