350
Views
9
CrossRef citations to date
0
Altmetric
Original Articles

Re-examining purchasing power parity for selected emerging markets and African countries

, &
Pages 139-144 | Published online: 06 Jun 2011

References

  • Breuer, J. B. , McNown, R. , and Wallace, M. S. , 2001. Misleading inferences from panel unit root tests with an illustration from purchasing power parity , Review of International Economics 9 (2001), pp. 482–93.
  • Chang, T. , Tang, D. , Liu, W. , and Lee, C. , 2010. Purchasing power parity for 15 COMESA and SADC countries: evidence based on panel SURADF tests , Applied Economics Letters 17 (2010), pp. 1721–7. DOI: 10.1080/13504850903153775
  • Cuestas, J. C. , and Mourelle, E. , 2011. Nonlinearities in real exchange rate determination: Do African exchange rates follow a random walk? , Applied Economics 43 (2011), pp. 243–58.
  • Dickey, D. A. , and Fuller, W. A. , 1979. Distribution of the estimators for autoregressive time series with a unit root , Journal of the American Statistical Association 74 (1979), pp. 427–31.
  • Doğanlar, M. , Bal, H. , and Özmen, M. , 2009. Testing long-run validity of purchasing power parity for selected emerging market economies , Applied Economics Letters 16 (2009), pp. 1443–8.
  • Dumas, B. , 1992. Dynamic equilibrium and the real exchange rate in a spatially separated world , Review of Financial Studies 5 (1992), pp. 153–80.
  • Engle, R. F. , 1982. Autoregressive conditional heteroscedasticity with estimates of the variance of United Kingdom inflation , Econometrica 50 (1982), pp. 987–1007.
  • Flood, R. P. , and Marion, N. P. , 1998. Perspectives on the recent currency crisis literature . Cambridge, MA: NBER Working Paper No. 6380; 1998.
  • Kapetanios, G. , Shin, Y. , and Snell, A. , 2003. Testing for a unit root in the nonlinear STAR framework , Journal of Econometrics 112 (2003), pp. 359–79.
  • Krugman, P. , 1991. Target zones and exchange rate dynamics , Quarterly Journal of Economics 106 (1991), pp. 231–54.
  • Michael, P. , Nobay, A. R. , and Peel, D. A. , 1997. Transactions costs and nonlinear adjustment in real exchange rates: an empirical investigation , Journal of Political Economy 105 (1997), pp. 862–79.
  • Özdemir, Z. A. , 2008. The purchasing power parity hypothesis in Turkey: evidence from nonlinear STAR error correction models , Applied Economics Letters 15 (2008), pp. 307–11.
  • Perron, P. , 1989. The great crash, the oil price shock, and the unit root hypothesis , Econometrica 57 (1989), pp. 1361–401.
  • Sercu, P. , Uppal, R. , and Van Hulle, C. , 1995. The exchange rate in the presence of transaction costs: implications for tests of purchasing power parity , Journal of Finance 50 (1995), pp. 1309–19.
  • Sollis, R. , 2004. Asymmetric adjustment and smooth transitions: a combination of some unit root tests , Journal of Time Series Analysis 25 (2004), pp. 409–17.
  • Taylor, M. P. , 2003. Purchasing power parity , Review of International Economics 11 (2003), pp. 436–52.
  • Taylor, M. P. , and Allen, H. , 1992. The use of technical analysis in the foreign exchange market , Journal of International Money and Finance 11 (1992), pp. 304–14.
  • Taylor, M. P. , Peel, D. A. , and Sarno, L. , 2001. Nonlinear mean-reversion in real exchange rates: toward a solution to the purchasing power parity puzzles , International Economic Review 42 (2001), pp. 1015–42.
  • Taylor, M. P. , and Sarno, L. , 1998. The behavior of real exchange rates during the post Bretton Woods period , Journal of International Economics 46 (1998), pp. 281–312.
  • Telatar, E. , and Hasanov, M. , 2009a. Purchasing power parity in transition economies: evidence from the Commonwealth of Independent States , Post-Communist Economies 21 (2009a), pp. 157–73.
  • Telatar, E. , and Hasanov, M. , 2009b. Purchasing power parity in central and eastern European countries , Eastern European Economics 47 (2009b), pp. 25–41.
  • Yoon, G. , 2010. Nonlinear mean-reversion to purchasing power parity: exponential smooth transition autoregressive models and stochastic unit root processes , Applied Economics 42 (2010), pp. 489–96.

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.