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- W2141830496 abstract "Fractional cointegration in a trivariate model is used to test the long-run purchasing power parity hypothesis in four Asian newly industrialized economies. Critical values for the Geweke-Porter-Hudak tests based on Monte Carlo simulations are provided. Evidence of fractional cointegration arises when a linear trend is included. Subperiod analysis indicates that a shift in the exchange rate regime is likely to affect the results of cointegration tests" @default.
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- W2141830496 date "1997-09-01" @default.
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- W2141830496 title "Long-run purchasing power parity and long-term memory: evidence from Asian newly industrialized countries" @default.
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