71
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

Functional forms and PPP: new evidence for eight Asian countries

Pages 95-98 | Published online: 16 Jan 2009

References

  • Alba , J. D. and Papell , D. H. 2007 . Purchasing power parity and country characteristics: evidence from panel data tests . Journal of Development Economics , 83 : 240 – 51 .
  • Bahmani-Oskooee , M. and Goswami , G. G. 2005 . Black market exchange rates and purchasing power parity in emerging economies . Emerging Markets Finance and Trade , 41 : 37 – 52 .
  • Bahmani-Oskooee , M. and Mirzai , A. 2000 . Real and nominal effective exchange rates for developing countries . Applied Economics , 32 : 411 – 28 .
  • Basher , S. A. and Mohsin , M. 2004 . PPP tests in cointegrated panels: evidence from Asian developing countries . Applied Economics Letters , 11 : 163 – 6 .
  • Box , G. E. P. and Cox , D. R. 1964 . An analysis of transformation . Journal of Royal Statistical Society , 26 : 211 – 43 .
  • Breitung , J. and Candelon , B. 2005 . Purchasing power parity during currency crises: a panel unit root test under structural breaks . Review of World Economics/Weltwirtschaftliches Archiv , 41 : 124 – 40 .
  • Burstein , A. , Eichenbaum , M. and Rebelo , S. September 2003 . Large devaluations and the real exchange rate, Photocopy , September , Northwestern University .
  • Cheung , Y.-W. , Chinn , M. D. and Pascual , A. G. 2005 . Empirical exchange rate models of the nineties: are any fit to survive? . Journal of International Money and Finance , 24 : 1150 – 75 .
  • Coakley , J. and Snaith , S. 2005 . Testing for symmetry and proportionality in a european panel . Applied Financial Economics , 15 : 745 – 52 .
  • Enders , W. and Chumrusphonlert , K. 2004 . Threshold cointegration and purchasing power parity in the Pacific nations . Applied Economics , 36 : 889 – 96 .
  • Engel , C. and Rogers , J. H. 1996 . How wide is the border? . American Economic Review , 86 : 1112 – 25 .
  • Greene , W. H. , ed. 2003 . Econometric Analysis , 5th , Upper Saddle River, NJ : Prentice Hall .
  • Hsing , Y. 1997 . The Fisher hypothesis revisited: new evidence . Applied Economics , 29 : 1055 – 59 .
  • Hsing , Y. 2007 . The roles of the exchange rate and the foreign interest rate in Estonia's money demand function and policy implications . Applied Financial Economics Letters , 3 : 221 – 4 .
  • Kilian , L. and Taylor , M. P. 2003 . Why is it so difficult to beat the random walk forecast of exchange rates? . Journal of International Economics , 60 : 83 – 107 .
  • Kwiatkowski , D. , Phillips , P. C. B. , Schmidt , P. and Shin , Y. 1992 . Testing the null hypothesis of stationarity against the alternative of a unit root . Journal of Econometrics , 54 : 159 – 78 .
  • Lothian , J. R. and Taylor , M. P. 1996 . Real exchange rate behavior: the recent float from the perspective of the past two centuries . Journal of Political Economy , 1043 : 488 – 509 .
  • Lothian , J. R. and Taylor , M. P. . Real exchange rates over the past two centuries: how important is the Harrod-Balassa-Samuelson effect? . University of Warwick, Department of Economics, Warwick Economics Research Paper Series (TWERPS) .
  • Newey , W. K. and West , K. D. 1987 . A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix . Econometrica , 55 : 703 – 8 .
  • Razzaghipour , A. , Fleming , G. and Heaney , R. 2001 . Deviations and Mean Reversion to Purchasing Power Parity in the Asian Currency Crisis of 1997 . Applied Economics , 33 : 1093 – 100 .
  • Rogoff , K. 1996 . The purchasing power parity puzzle . Journal of Economic Literature , 34 : 647 – 68 .
  • Sarno , L. , Taylor , M. P. and Chowdhury , I. 2004 . Nonlinear dynamics in deviations from the law of one price: a broad-based empirical study . Journal of International Money and Finance , 23 : 1 – 25 .
  • Sarno , L. and Valente , G. 2006 . Deviations from purchasing power parity under different exchange rate regimes: do they revert and, if so, how? . Journal of Banking and Finance , 30 : 3147 – 69 .
  • Sideris , D. 2006 . Purchasing power parity in economies in transition: evidence from central and east European countries . Applied Financial Economics , 16 : 135 – 43 .
  • Solakoglu , E. G. 2006 . Testing purchasing power parity hypothesis for transition economies . Applied Financial Economica , 16 : 561 – 8 .
  • Taylor , M. P. 2004 . Is official exchange rate intervention effective? . Economics , 71 : 1 – 12 .
  • Taylor , M. P. , Peel , D. A. and Sarno , L. 2001 . Nonlinear mean-reversion in real exchange rates: towards a solution to the purchasing power parity puzzles . International Economic Review , 42 : 1015 – 42 .
  • Taylor , A. M. and Taylor , M. P. 2004 . The purchasing power parity debate . Journal of Economic Perspectives , 18 : 135 – 58 .
  • Yotopoulos , P. A. and Sawada , Y. 2006 . Exchange rate misalignment: a new test of long-run PPP based on cross-country data . Applied Financial Economics , 16 : 127 – 34 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.