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

This article 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 in a panel follow a stationary exponential smooth transition autoregressive 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
Taylor & Francis, 2017.
Keyword [en]
developing regions; ESTAR; panel data; Purchasing power parity
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-35395DOI: 10.1080/13504851.2017.1321830Scopus ID: 2-s2.0-85018357773OAI: oai:DiVA.org:hj-35395DiVA: diva2:1089807
Available from: 2017-04-21 Created: 2017-04-21 Last updated: 2017-05-30

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CiteExportLink to record
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  • apa
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