Revisiting purchasing power parity in 34 OECD countries: sequential panel selection method

References

• Apergis, N. (1998) Budget deficits and exchange rates: further evidence from cointegration and causality tests, Journal of Economic Studies, 25, 161–78. doi:10.1108/01443589810215324
   Google Scholar
• Arize, A. C., Malindretos, J. and Christoffersen, S. (2003) Monetary dynamics, exchange rates and parameter instability: an empirical investigation, Journal of Economic Studies, 30, 493–513. doi:10.1108/01443580310492808
   Google Scholar
• Baffoe-Bonnie, J. (2004) Dynamic modelling of fiscal and exchange rates policy effects in a developing country: a non-structural approach, Journal of Economic Studies, 31, 57–75. doi:10.1108/01443580410516260
   Google Scholar
• Bahmani-Oskooee, M., Chang, T. and Hung, K. (2013) Revisiting purchasing power parity in Latin America: sequential panel selection method, Applied Economics, 45, 4584–90. doi:10.1080/00036846.2013.795279
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., Chang, T. and Lee, K.-C. (2014) Purchasing power parity in the RBICS and in the MIST countries: sequential panel selection method, Review of Economics and Finance, 1–12.
   Google Scholar
• Bahmani-Oskooee, M. and Hegerty, S. (2009) Purchasing power parity in less-developed and transition economies: a review paper, Journal of Economic Surveys, 23, 617–58. doi:10.1111/j.1467-6419.2009.00574.x
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., Kutan, A. M. and Zhou, Z. (2008) Do real exchange rates follow a nonlinear mean reverting process in developing countries, Southern Economic Journal, 74, 1049–62.
   Web of Science ®Google Scholar
• Bahmani-Oskooee, M., Kutan, A. M. and Zhou, S. (2007) Testing PPP in the non-linear STAR framework, Economics Letters, 94, 104–10. doi:10.1016/j.econlet.2006.08.008
   Web of Science ®Google Scholar
• Beach, E. D., Kruse, N. C. and Uri, N. D. (1993) The doctrine of relative purchasing power parity re-examined, Journal of Economic Studies, 20, 3–23. doi:10.1108/01443589310040369
   Google Scholar
• Bleaney, M. (1992) Does long-run purchasing-power parity hold within the European monetary system?, Journal of Economic Studies, 19, 66–72. doi:10.1108/01443589210027293
   Google Scholar
• 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, 482–93. doi:10.1111/1467-9396.00294
   Google Scholar
• Chortareas, G. and Kapetanios, G. (2009) Getting PPP right: identifying mean-reverting real exchange rates in panels, Journal of Banking and Finance, 33, 390–404. doi:10.1016/j.jbankfin.2008.08.010
   Web of Science ®Google Scholar
• Enders, W. and Lee, J. (2012) A unit root test using a Fourier series to approximate smooth breaks, Oxford Bulletin of Economics and Statistics, 74, 574–99. doi:10.1111/j.1468-0084.2011.00662.x
   Web of Science ®Google Scholar
• Hojman, D. E. (1989) Fundamental equilibrium exchange rates under contractionary devaluation: a Peruvian model, Journal of Economic Studies, 16, 5–26. doi:10.1108/EUM0000000000130
   Web of Science ®Google Scholar
• Holmes, M. J. (2002) Exchange rate regimes and economic convergence in the European Union, Journal of Economic Studies, 29, 6–20. doi:10.1108/01443580210414085
   Google Scholar
• Horne, J. (2004) Eight conjectures about exchange rates, Journal of Economic Studies, 31, 524–48. doi:10.1108/01443580410569262
   Google Scholar
• Im, K. S., Pesaran, M. H. and Shin, Y. (2003) Testing for unit roots in heterogeneous panels, Journal of Econometrics, 115, 53–74. doi:10.1016/S0304-4076(03)00092-7
   Web of Science ®Google Scholar
• Jung, C. (1995) Forecasting of foreign exchange rate by normal mixture models, Journal of Economic Studies, 22, 45–57. doi:10.1108/01443589510076089
   Google Scholar
• Levin, A., Lin, C. F. and Chu, C.-S. (2002) Unit root tests in panel data: asymptotic and finite-sample properties, Journal of Econometrics, 108, 1–24. doi:10.1016/S0304-4076(01)00098-7
   Web of Science ®Google Scholar
• Leybourne, S., Newbold, P. and Vougas, D. (1998) Unit roots and smooth transitions, Journal of Time Series Analysis, 19, 83–97. doi:10.1111/1467-9892.00078
   Google Scholar
• Sjölander, P. (2007) Unreal exchange rates: a simulation based approach to adjust misleading PPP estimates, Journal of Economic Studies, 34, 256–88. doi:10.1108/01443580710772786
   Google Scholar
• Taylor, M. P. and Sarno, L. (1998) The behavior of real exchange rates during the post-Bretton Woods period, Journal of International Economics, 46, 281–312. doi:10.1016/S0022-1996(97)00054-8
   Web of Science ®Google Scholar