Revisiting Purchasing Power Parity in OECD

Chun Ling Jiang · Mohsen Bahmani‐Óskooee · Tsangyao Chang

31 citations0/0 files storedApplied Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Financial Markets and Investment Strategies Global Financial Crisis and Policies

Abstract

This study revisits Purchasing Power Parity theory (PPP) in the 34 OECD countries during January 1994–August 2013. We use a new panel stationary test with both sharp breaks and smooth shifts, a novel approach to panel unit-root testing, proposed by Bahmani–Oskooee et al. (2014). The results indicate that the PPP holds in half of the 34 OECD countries. These results indicate the importance of proper modelling of both sharp breaks and smooth shifts in real effective exchange rate series of OECD countries.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 31 citations exist upstream.

References

1988Testing for a Unit Root in Time Series Regression 2003Testing for unit roots in heterogeneous panels 1992Testing the null hypothesis of stationarity against the alternative of a unit root 1989The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis 1994Automatic Lag Selection in Covariance Matrix Estimation 1987Time Series Regression with a Unit Root 2003The Economics of Exchange Rates 2004The Purchasing Power Parity Debate

Cited by

2018Are shocks to ecological footprint in OECD countries permanent or temporary?2016Quantile unit root test and PPP: evidence from 23 OECD countries

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.