Revisiting purchasing power parity in major oil-exporting countries

被引：5
作者：
Bahmani-Oskooee, Mohsen [1 ,2 ]
Chang, Tsangyao [3 ]
Cheng, Shu-Ching [4 ]
Wu, Tsung-Pao [5 ]
机构：
[1] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53201 USA
[2] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA
[3] Feng Chia Univ, Dept Finance, Taichung, Taiwan
[4] Feng Chia Univ, Dept Econ, Taichung, Taiwan
[5] Sun Yat Sen Univ, Nan Fang Coll, Dept Business Adm, Guangzhou, Guangdong, Peoples R China
来源：
MACROECONOMICS AND FINANCE IN EMERGING MARKET ECONOMIES | 2015年 / 8卷 / 1-2期
关键词：
purchasing power parity; oil-exporting countries; sequential panel selection method; Fourier function;
D O I：
10.1080/17520843.2014.948473
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Univariate unit-root tests of the purchasing power parity (PPP) are said to suffer from low power. Following the literature, we apply the sequential panel selection method combined with a Fourier function to test the PPP in six major oil exporting countries. The results support PPP in all six countries except Russia. Our results point to the importance of proper modelling of structural breaks and non-linearities in the real exchange rate series of these countries.
引用
收藏
页码：108 / 116
页数：9
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