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| Venus khim-sen Liew, Chin-hong Puah, Chee-keong Choong and Evan Lau |
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| ''Revisiting Purchasing Power Parity for Central Asian Countries Using Threshold Cointegration Tests'' |
| ( 2010, Vol. 30 No.2 ) |
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| This study finds evidence supportive of the Purchasing Power Parity for Azerbaijan and Kazakhstan using threshold cointegration tests. This finding suggests the existence of an asymmetry relationship between exchange rate and relative prices. The asymmetric relationship may be due to the heavily regulated price and exchange rate systems in these transition economies for the benefits of trade competiveness. |
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| Keywords: Purchasing Power Parity, Asymmetry, Threshold Cointegration; Transition Economies, Central Asia |
JEL:
C1 - Econometric and Statistical Methods: General |
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| Manuscript Received : Feb 18 2010 | | Manuscript Accepted : May 11 2010 |
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