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Investigation of the nonlinear behavior in real exchange rates in developing regions
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
Jönköping University.
Jönköping University.ORCID iD: 0000-0003-3144-2218
2017 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291Article in journal (Refereed) Accepted
Abstract [en]

This paper examines whether the purchasing power parity (PPP) theory holds or not for the economies in different developing regions located in Africa, Asia and Latin America. In order to investigate this issue, a nonlinear panel unit root test is used to determine if some or all of the real exchange rates (RER) in a panel follow a stationary exponential smooth transition autoregressive (ESTAR) process. By applying the nonlinear panel unit root test, our results demonstrate an empirical support for the theory of PPP for the economies in developing regions.

Place, publisher, year, edition, pages
2017.
Keyword [en]
Purchasing power parity, ESTAR, Panel data, Developing regions
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-62776OAI: oai:DiVA.org:lnu-62776DiVA: diva2:1092371
Available from: 2017-05-02 Created: 2017-05-02 Last updated: 2017-05-22

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Karlsson, Hyunjoo KimSjölander, Pär
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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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Language
  • de-DE
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  • en-US
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  • nn-NO
  • nn-NB
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Output format
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