Non-linear PPP in South Asia and China
This study tests the purchasing power parity hypothesis for four South Asian economies and China by employing a recent nonlinear test of stationarity. Besides testing the CPI based PPP, we have also used PPI based real exchange rate in the analysis. The results indicate that nonlinear tests are more successful in validating PPP
Volume (Year): 6 (2008)
Issue (Month): 17 ()
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- Zhou, Su, 2008. "Stationarity of Asian-Pacific real exchange rates," Economics Letters, Elsevier, vol. 98(1), pages 16-22, January. Full references (including those not matched with items on IDEAS)
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