|
| |
| Venus Khim-Sen Liew and Tuck Cheong Tang |
| |
| ''An empirical investigation of purchasing power parity for a transition economy - Cambodia'' |
| ( 2010, Vol. 30 No.2 ) |
| |
| |
| This study has found an empirical support of Purchasing Power Parity (PPP) theory for an East Asia transition economy – Cambodia. It is based on the results of cointegration among KHR/USD, Cambodia CPI, and world CPI over the monthly period May 2001-February 2009. This finding is useful for policy implications i.e. de-dollarization (and exchange rates) policy designs in Cambodia. |
| |
| |
| Keywords: Cambodia; Dollarization; Exchange Rates; Purchasing Power Parity |
JEL: F3 - International Finance: General
F4 - Macroeconomic Aspects of International Trade and Finance: General |
| |
| Manuscript Received : Sep 17 2009 | | Manuscript Accepted : Apr 21 2010 |
|
