IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v17y2010i15p1517-1523.html
   My bibliography  Save this article

Purchasing power parity for ASEAN-8 countries: panel SURKSS tests

Author

Listed:
  • Tsangyao Chang
  • YiChun Zhang
  • Wen-Chi Liu

Abstract

This study applies panel SURKSS tests, proposed by Wu and Lee (2009), to investigate the properties of long-run Purchasing Power Parity (PPP) in a sample of ASEAN (Association of Southeast Asian Nations)-8 countries over the period January 1999 to June 2008. The empirical results from several panel-based unit root tests indicate that PPP does not hold for the ASEAN-8 countries under study; however, panel SURKSS tests indicate that PPP is valid for two (four) of these ASEAN-8 countries when the US dollar (the Japanese yen) is used as a base country. These results have important policy implications for these ASEAN-8 countries under study.

Suggested Citation

  • Tsangyao Chang & YiChun Zhang & Wen-Chi Liu, 2010. "Purchasing power parity for ASEAN-8 countries: panel SURKSS tests," Applied Economics Letters, Taylor & Francis Journals, vol. 17(15), pages 1517-1523.
  • Handle: RePEc:taf:apeclt:v:17:y:2010:i:15:p:1517-1523
    DOI: 10.1080/13504850903018721
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850903018721&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/13504850903018721?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Boršič Darja & Bekő Jani, 2018. "Purchasing power parity in ASEAN+3: an application of panel unit root tests," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 4(1), pages 42-52, June.
    2. E. N. Gyamfi & E. F. Appiah, 2019. "Further evidence on the validity of purchasing power parity in selected African countries," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(2), pages 330-343, April.
    3. Bekő Jani & Boršič Darja, 2018. "Testing the Purchasing Power Parity Hypothesis: Case of ASEAN Economies," Naše gospodarstvo/Our economy, Sciendo, vol. 64(4), pages 74-85, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:17:y:2010:i:15:p:1517-1523. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.