Purchasing power parity in Mainland China and Taiwan: an empirical note based on threshold unit root test

This empirical note applies the threshold unit root test proposed by Caner and Hansen (2001) to test the validity of long-run Purchasing Power Parity (PPP) in Mainland China and Taiwan over the period of January 1986 to October 2009. The empirical results indicate that PPP holds true for the two areas under study, and the adjustment towards PPP is found to be nonlinear.

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Year of publication:	2011
Authors:	Chen, Tsung-Hsien ; Chang, Tsangyao ; Zhang, Yi-Chun ; Lee, Chia-Hao
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 18.2011, 18, p. 1807-1812
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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