Nonlinear trend stationarity of the Real Exchange Rates of Mediterranean countries
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Nonlinear trend stationarity of the Real Exchange Rates of Mediterranean countriesFecha de publicación
2008Editor
InderscienceISSN
1755-3830Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.inderscienceonline.com/doi/abs/10.1504/IJBAAF.2008.020241Versión
info:eu-repo/semantics/acceptedVersionPalabras clave / Materias
Resumen
The aim of this article is to provide additional evidence on the
fulfillment of the Purchasing Power Parity hypothesis in the so-called
Mediterranean countries. In order to test for the empirical validity of
such ... [+]
The aim of this article is to provide additional evidence on the
fulfillment of the Purchasing Power Parity hypothesis in the so-called
Mediterranean countries. In order to test for the empirical validity of
such hypothesis, we have applied two types of unit root tests. The
first group is due to Bierens (1997) who generalizes the alternative
hypothesis to nonlinear trend stationariry and, the second is the Leybourne,
Newbold and Vougas (1998) approach that uses a nonlinear
specification for the intercept and slope in order to detrend the series.
The results suggest a pretty weak evidence in favour of the Purchasing
Power Parity hypothesis for this group of countries [-]
Publicado en
International Journal of Banking, Accounting and Finance; 1 (1)Derechos de acceso
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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- ECO_Articles [692]