Long-run purchasing power parity with asymmetric adjustment: further evidence from nine transition countries
Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Long-run purchasing power parity with asymmetric adjustment: further evidence from nine transition countries
Authors:
In the Journal:
Economic modelling, 2011, 28, 3, 1383-1391
Subject Category:
Summary / Abstract:
ENIn this study, we applied a threshold cointegration test to investigate the properties of asymmetric adjustment on long-run purchasing power parity (PPP) in nine transition countries between January 1995 and December 2008. Although there was strong evidence of long-run PPP for these nine transition countries (i.e., Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and Russia), the adjustment mechanism was asymmetric. These results have important policy implications for the nine transition countries included in the study.
DOI:
10.1016/j.econmod.2011.02.012
ISSN:
0264-9993
Subject:
Permalink:
https://www.lituanistika.lt/content/76300
Updated:
2026-02-25 13:38:50
Metrics:
Views: 20
Export:
