Since 2014
Investigating smooth breaks in real exchange rates
Journal of Economic & Financial Studies
View Archive Info| Field | Value | |
| Title |
Investigating smooth breaks in real exchange rates
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| Creator |
Chu, Ching-Mei
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| Subject |
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Exchange Rate; Fourier Stationary Test; Middle East Countries; Nonlinearity; Purchasing Power Parity. G11; G15; G02; G14. |
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| Description |
We investigate the validity of purchasing power parity of 7 Middle East countries over January 1980 to August 2008 by applying the stationary test with a nonlinear Fourier function as proposed by Becker et al. (2006). This test allows us to study the presence of unknown smooth structural breaks and the stationarity of real exchange rates. The empirical results indicate that PPP is not valid for most of these Middle East countries except the Bahrain and Israel.
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| Publisher |
LAR Center Press
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| Contributor |
—
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| Date |
2013-12-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://journalofeconomics.org/index.php/site/article/view/29
10.18533/jefs.v1i01.29 |
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| Source |
Journal of Economic & Financial Studies; Vol 1, No 01 (2013): December; 20-28
2379-9471 2379-9463 |
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| Language |
eng
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| Relation |
http://journalofeconomics.org/index.php/site/article/view/29/208
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| Coverage |
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