The ASEAN experience of the purchasing power parity theory
Abstract We used panel data analysis to evaluate the relative purchasing power parity (PPP) hypothesis of the ten ASEAN member countries between 1973 and 2015. We incorporated the cross-sectionally augmented panel unit root test as proposed by Pesaran (J Appl Econ 22:265-312, 2007). For panel cointe...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
SpringerOpen
2018-10-01
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Series: | Financial Innovation |
Subjects: | |
Online Access: | http://link.springer.com/article/10.1186/s40854-018-0113-1 |