Testing for PPP in Australia: Evidence from unit root test against nonlinear trend stationarity alternatives

被引：0

作者：

Cuestas, Juan Carlos ^{[1
]}

Regis, Paulo Jose ^{[2
]}

机构：

[1] Nottingham Trent Univ, Nottingham, England

[2] Univ Nottingham, Nottingham, England

来源：

ECONOMICS BULLETIN | 2008年 / 3卷

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper tests for the empirical fulfilment of PPP in Australia (1977-2004). Previous research focuses on the presence of structural breaks and fails to find any support for PPP (Darne and Hoarau, 2008, Henry and Olekalns, 2002). In contrast, we find that the real exchange rate is stationary once we account for a more general specification of the nonlinear deterministic components based on a Chebishev polynomials approximation.

引用

页数：9

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