THE VALIDITY OF PURCHASING POWER PARITY HYPOTHESIS IN MIDDLE EAST AND NORTHERN AFRICA COUNTRIES

被引：0

作者：

Kalyoncu, Huseyin ^{[1
]}

Kula, Ferit ^{[2
]}

Aslan, Alper ^{[1
]}

机构：

[1] Meliksah Univ, Fac Econ & Adm Sci, Dept Int Trade & Business, Kayseri, Turkey

[2] Erciyes Univ, Fac Econ & Adm Sci, Dept Econ, Kayseri, Turkey

来源：

ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2010年 / 13卷 / 04期

关键词：

Purchasing Power Parity (PPP); Real exchange rate; Black market Exchange rates; Unit-root test; Structural break; EXCHANGE-RATES; REAL;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange Multiplier (LM) unit root test that endogenously determines structural breaks in level and trend. We find evidence of PPP for all countries using official and/or black market real exchange rates at the 10% level or better.

引用

页码：125 / 131

页数：7

共 50 条

[21] PURCHASING POWER PARITY - A TEST OF VALIDITY IN TODAYS MARKETS
GHANEM, AMS
MANAGEMENT INTERNATIONAL REVIEW, 1982, 22 (04) : 19 - 33
[22] Long-run validity of Purchasing Power Parity and cointegration analysis for Central Asian countries
Doganlar, Murat
APPLIED ECONOMICS LETTERS, 2006, 13 (07) : 457 - 461
[23] Nonlinear adjustment to purchasing power parity for ASEAN countries
Chang, Tsangyao
Lee, Chia-Hao
Liu, Wen-Chi
JAPAN AND THE WORLD ECONOMY, 2012, 24 (04) : 325 - 331
[24] ON THE PURCHASING POWER PARITY FOR LATIN-AMERICAN COUNTRIES
Divino, Jose Angelo
Teles, Vladimir Kuhl
De Andrade, Joaquim Pinto
JOURNAL OF APPLIED ECONOMICS, 2009, 12 (01) : 33 - 54
[25] Purchasing power parity: Evidence from developing countries
Anoruo E.
Braha H.
Ahmad Y.
International Advances in Economic Research, 2002, 8 (2) : 85 - 96
[26] Empirical conditional quantile test for purchasing power parity: Evidence from East Asian countries
Ma, Wei
Li, Haiqi
Park, Sung Y.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2017, 49 : 211 - 222
[27] Purchasing power parity nonlinear threshold unit root test for East-Asian countries
Chang, Tsangyao
Su, Chi-Wei
Lee, Chia-Hao
APPLIED ECONOMICS LETTERS, 2012, 19 (10) : 975 - 979
[28] Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration
Chang, Tsangyao
Su, Chi-Wei
APPLIED ECONOMICS, 2013, 45 (19) : 2847 - 2852
[29] Threshold effects in purchasing power parity for African Countries
Liu, Yu-Shao
Zhu, Meng-Nan
Su, Chi-Wei
AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2011, 5 (24): : 10235 - 10242
[30] Purchasing power parity in Central and Eastern European countries
Baharumshah, Ahmad Zubaidi
Borsic, Darja
ECONOMICS BULLETIN, 2008, 6

← 1 2 3 4 5 →