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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2011.8
- 수록면
- 327 - 340 (14page)
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초록· 키워드
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In this paper, we have examined the long-run currency relationship, based on purchasing power parity (PPP), between the five major ASEAN countries (Malaysia, Indonesia, the Philippines, Singapore and Thailand) plus China, South Korea and Japan (as the East Asian side) and Iran (as the West Asian side) by using panel data methods to test for unit roots over the period 2000-2009. If the test rejects the unit root hypothesis, the long-run PPP holds. We six thus used five panel unit roots tests: Levin, Lin, and Chu (2002), Breitung (2000), Im, Pesaran and Shin (2003), Maddala and Wu (1999) and Hadri (2000). By the use of real effective exchange rates, such methods test the PPP hypothesis showing whether real exchange rates among East Asian countries and also between two Asian sides (East and West) are stationary. Of these tests, only the LLC (Levin, Lin, and Chu method) holds the hypothesis in which the PPP holds. The results are consistent with those obtained by O’Connell (1998).
목차
1. INTRODUCTION
2. THE RELATED LITERATURE
3. METHODOLOGY: PANEL UNIT ROOT TESTS
4. EMPIRICAL RESULTS: TESTING THE PPP HYPOTHESIS
5. CONCLUSION
REFERENCES
참고문헌 (24)
참고문헌 신청
1. [학술지(정기간행물)] - Amara, J. / 2006 / Testing for Purchasing Power Parity Using Stationary Covariates / Applied Financial Economics 16 : 29 ~ 39
2. [학술지(정기간행물)] - Balassa, B. / 1964 / The Purchasing Power Parity Doctrine: A Reappraisal / Journal of Political Economy 72 : 584 ~ 596
3. [학술지(정기간행물)] - Banerjee, A. / 2005 / Testing for PPP: Should We Use Panel Methods? / Empirical Economics 30 : 77 ~ 91
4. [학술지(정기간행물)] - Breitung, J. / 2000 / The Local Power of Some Unit Root Tests for Panel Data, In Nonstationary Panels, Panel Cointegration, and Dynamic Panels / Advances in Econometrics 15 : 161 ~ 178
5. [단행본] - Cassel, G. / 1922 / Money and Foreign Exchange after 1914 / MacMillan Company
2. [학술지(정기간행물)] - Balassa, B. / 1964 / The Purchasing Power Parity Doctrine: A Reappraisal / Journal of Political Economy 72 : 584 ~ 596
3. [학술지(정기간행물)] - Banerjee, A. / 2005 / Testing for PPP: Should We Use Panel Methods? / Empirical Economics 30 : 77 ~ 91
4. [학술지(정기간행물)] - Breitung, J. / 2000 / The Local Power of Some Unit Root Tests for Panel Data, In Nonstationary Panels, Panel Cointegration, and Dynamic Panels / Advances in Econometrics 15 : 161 ~ 178
5. [단행본] - Cassel, G. / 1922 / Money and Foreign Exchange after 1914 / MacMillan Company
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UCI(KEPA) : I410-ECN-0101-2013-320-001239285