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International Economic Journal Volume 20, 2006 - Issue 1
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Original Articles

An empirical test of purchasing power parity in selected developing countries: a panel data approach

Shidong Zhang Washington State Department of Ecology, Olympia, WA, USACorrespondence[email protected]
&
Thomas C. Lowinger School of Economic Sciences, Washington State University, Pullman, WA, USA
Pages 79-86 | Published online: 21 Aug 2006

References

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  • Frankel , J. A. and Rose , A. K. 1996 . A panel project on purchasing power parity: mean reversion within and between economies . Journal of International Economics , 40 ( 1–2 ) : 209 – 224 .
  • Fleissig , A. and Strauss , J. 2000 . Panel unit root tests of purchasing power parity for price indices . Journal of international Money and Finance , 19 : 489 – 506 .
  • Im , K. S. 2002 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Levin , A. 2002 . Unit root tests in panel data: asymptotic and finite-sample properties . Journal of Econometrics , 108 : 1 – 24 .
  • Mark , N. 2001 . International Macroeconomics and Finance: Theory and Econometric Methods , Blackwell .
  • Papell , D. 1997 . Searching for stationarity: purchasing power parity under the current float . Journal of International Economics , November : 313 – 332 .
  • Papell , D. and Theodoridis , H. 1998 . Increasing evidence of purchasing power over the current float . Journal of International Money and Finance , 7 ( 1 ) : 41 – 50 .
  • Rogoff , K. 1996 . The purchasing power parity puzzle . Journal of Economic Literature , XXXIV : 647 – 668 .
  • Wu , Y. 1996 . Are real exchange rates nonstationary? evidence from a panel-data test . Journal of Money, Credit and Banking , 28 ( 1 ) : 54 – 63 .

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