Show simple item record

dc.contributor.authorNarayan, Paresh
dc.contributor.authorNarayan, Seema
dc.contributor.authorPrasad, Arti
dc.date.accessioned2017-05-03T15:51:38Z
dc.date.available2017-05-03T15:51:38Z
dc.date.issued2009
dc.date.modified2010-07-14T07:46:09Z
dc.identifier.issn13504851
dc.identifier.doi10.1080/13504850701222160
dc.identifier.urihttp://hdl.handle.net/10072/30499
dc.description.abstractDespite a plethora of studies on purchasing power parity (PPP), those that take a cointegration approach have found mixed evidence on PPP. The goal of this article is to obviate existing tensions in the PPP literature by using a simple test for cointegration between nominal exchange rate and relative prices that accounts for multiple structural breaks. We find that for 14 out of 15 OECD countries, there is evidence of a cointegration relationship between nominal exchange rate and relative prices at the 5% level. Only for Japan, we find evidence for cointegration at the 2.5% level. These results suggest overwhelming evidence of support for PPP for the OECD countries.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom5
dc.relation.ispartofpageto8
dc.relation.ispartofissue1
dc.relation.ispartofjournalApplied Economics Letters
dc.relation.ispartofvolume16
dc.rights.retentionY
dc.subject.fieldofresearchApplied Economics not elsewhere classified
dc.subject.fieldofresearchPublic Health and Health Services
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode140299
dc.subject.fieldofresearchcode1117
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1502
dc.titleEvidence on PPP from a cointegration test with multiple structural breaks
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2009
gro.hasfulltextNo Full Text
gro.griffith.authorNarayan, Paresh


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record