Purchasing power parity for transition countries: further evidence from panel SURADF test with a Fourier function

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Purchasing power parity for transition countries: further evidence from panel SURADF test with a Fourier function
Authors:
In the Journal:
Eastern European economics, 2012, 50, 4, 42-59
Subject Category:
LT
Bulgarija (Bulgaria); Čekijos Respublika (Czech Republic); Rumunija (Romania); Vengrija (Hungary); Lietuva (Lithuania); Rusija (Russia); Nacionalinė sąskaityba. Pajamos / National accounts. Income; Pinigai. Valiuta / Money. Currency.
Summary / Abstract:

ENThis study applies a panel SURADF test with a Fourier function to investigate the properties of long-run purchasing power parity (PPP) in a sample of transition countries (i.e., Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and Russia) between January 1995 and December 2008. The empirical results from the univariate unit root tests indicate that PPP does not hold in the transition countries under study. However, results from the panel SURADF test with a Fourier function indicate that PPP is valid for all the countries, with the exception of Russia. These results have important policy implications for the nine transition countries under study.

DOI:
10.2753/EEE0012-8775500403
ISSN:
0012-8775; 1557-9298
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/90181
Updated:
2026-02-25 13:40:22
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