Purchasing power parity-symmetry and proportionality: Evidence from 116 countries

Abuaf, 1990, Purchasing power parity in the long run, Journal of Finance, 45, 157, 10.1111/j.1540-6261.1990.tb05085.x

Achy, 2003, Parity reversion persistence in real exchange rates: Middle income country case, Applied Economics, 35, 541, 10.1080/0003684022000015937

Ahking, 1997, Testing long-run purchasing power parity with a Bayesian unit root approach: The experience of Canada in the 1950s, Applied Economics, 29, 813, 10.1080/000368497326732

Alba, 2003, Purchasing power parity in developing countries: Multi-period evidence under the current float, World Development, 31, 2049, 10.1016/j.worlddev.2003.06.008

Anoruo, 2002, Purchasing power parity: Evidence from developing countries, International Advances in Economic Research, 8, 85, 10.1007/BF02295339

Arize, 1996, Real exchange-rate volatility and trade flows: The experience of eight European economies, International Review of Economics and Finance, 5, 187, 10.1016/S1059-0560(96)90043-X

Arize, 1994, The value of time and recent U.S. money demand instability, Southern Economic Journal, 60, 564, 10.2307/1060567

Arize, 2010, Cointegration, dynamic structure, and the validity of purchasing power parity in African countries, International Review of Economics & Finance, 19, 755, 10.1016/j.iref.2010.04.004

Arize, 2004, Variations in exchange rates and inflation in 82 countries: An empirical investigation, North American Journal of Economics and Finance, 15, 227, 10.1016/j.najef.2003.12.002

Arize, 2000, Exchange-rate volatility and foreign trade: Evidence from thirteen LDCs, Journal of Business and Economic Statistics, 18, 10, 10.1080/07350015.2000.10524843

Bahamani-Oskooee, 2010, Bounds testing cointegration methods and PPP: Evidence of 123 countries, Applied Economic Letters, 17, 1335, 10.1080/13504850902967456

Baharumshah, 2008, Re-examining purchasing power parity for East-Asian currencies: 1976–2002, Applied Financial Economics, 18, 75, 10.1080/09603100601018856

Banerjee, 1993

Bewley, 1979, The direct estimation of the equilibrium response in a linear dynamic model, Economics Letters, 3, 357, 10.1016/0165-1765(79)90011-9

Bleaney, 1998, Purchasing power parity in the 1920s: Evidence for the Swiss franc, Applied Economics Letters, 5, 239, 10.1080/135048598354898

Cappuccio, 2001, Estimation and inference on long-run equilibria: A simulation study, Econometric Reviews, 20, 61, 10.1081/ETC-100104080

Cassel, 1918, Abnormal deviations of international exchanges, Economic Journal, 28, 413, 10.2307/2223329

Chang, 2010, Purchasing power parity for 15 COMESA and SADC countries: Evidence based on panel SURADF tests, Applied Economics Letters, 17, 1721, 10.1080/13504850903153775

Cheung, 1993, Long run purchasing power parity during the recent float, Journal of International Economics, 34, 181, 10.1016/0022-1996(93)90073-7

Cheung, 2000, On the purchasing power parity puzzle, Journal of International Economics, 52, 321, 10.1016/S0022-1996(99)00056-2

Cheung, 2004, Dissecting the PPP puzzle: The unconventional roles of nominal exchange rate and price adjustments, Journal of International Economics, 64, 135, 10.1016/S0022-1996(03)00076-X

Choudhry, 1999, Purchasing power parity in high-inflation Eastern European Countries: Evidence from fractional and Harris–Inder cointegration tests, Journal of Macroeconomics, 21, 293, 10.1016/S0164-0704(99)00104-4

Christou, 2002, Kernel and bandwidth selection prewhitening, and the performance of the fully modified least squares estimation method, Econometric Theory, 18, 948-96.1, 10.1017/S0266466602184076

Cooper, 1994, Purchasing power parity: A cointegration analysis of the Australian, New Zealand and Singaporean currencies, Applied Economics Letters, 1, 67, 10.1080/135048594357934

Corbae, 1988, Cointegreation and tests of purchasing power parity, The Review of Economics and Statistics, 70, 508, 10.2307/1926790

Crowder, 1996, Purchasing power parity when prices are I(2), Review of International Economics, 4, 234, 10.1111/j.1467-9396.1996.tb00099.x

Crownover, 1996, Testing for absolute purchasing power parity, Journal of International Money and Finance, 15, 783, 10.1016/0261-5606(96)00035-6

Davutyan, 1985, Purchasing power parity did not collapse during the 1970s, American Economic Review, 1151

Dickey, 1981, Likelihood ratio statistics for autoregressive time series models: Tests and implications, The American Statistician, 40, 12, 10.1080/00031305.1986.10475349

Doğanlar, 2009, Testing long-run validity of purchasing power parity for selected emerging market economies, Applied Economics Letters, 16, 1443, 10.1080/13504850701522817

Dornbusch, 1976, Expectations and exchange rate dynamics, Journal of Political Economy, 84, 1161, 10.1086/260506

Dornbusch, 1976, Flexible exchange in the short run, Brookings Papers on Economic Activity, 1, 537, 10.2307/2534369

Dutt, 1996, Purchasing power parity doctrine: An unrestricted cointegration test, Studies in Economics and Finance, 16, 22, 10.1108/eb028720

Edison, 1997, Understanding the empirical literature on purchasing power parity: The post-Bretton Wood era, Journal of International Money and Finance, 16, 1, 10.1016/S0261-5606(96)00046-0

Enders, 1988, ARIMA and cointegration tests of PPP under fixed and flexible exchange rates, The Review of Economics and Statistics, 70, 505, 10.2307/1926789

Frenkel, 1981, Flexible exchange rates, prices, and the role of the ‘News’ lesson from the 1970s, Journal of Political Economy, 94, 665, 10.1086/260998

Funke, 2001, Money demand in Euroland, Journal of International Money and Finance, 20, 701, 10.1016/S0261-5606(01)00017-1

Ghosh, 2003, Profit possibilities in currency markets: Arbitrage, hedging, and speculation, Financial Review, 38, 473, 10.1111/1540-6288.00056

Güney, 2012, Re-examining purchasing power parity for selected emerging markets and African countries, Applied Economics Letters, 19, 139, 10.1080/13504851.2011.570698

Hargreaves, 1994

Harris, 1994, A test of the null hypothesis of cointegration, 133

Hendry, 1987, Econometric methodology: A personal perspective

Iradian, 2009, What explains the rapid growth in transition economies?, IMF Staff Papers, 56, 811, 10.1057/imfsp.2009.1

Johansen, 1988, Statistical analysis of cointegration vectors, Journal of Econometrics, 12, 231

Johnson, 1976, The monetary approach to balance-of-payments theory, 147

Khalaf, 2014, Identification and robust inference in cointegrating regressions, Journal of Econometrics, 182, 385, 10.1016/j.jeconom.2014.06.001

Kremers, 1992, The power of cointegration tests, Oxford Bulletin of Economics and Statistics, 54, 325, 10.1111/j.1468-0084.1992.tb00005.x

Krichene, 1998, Purchasing power parties in five east African countries: Burundi, Kenya, Rwanda, Tanzania, and Uganda

Kurozumi, 2009, Asymptotic properties of the efficient estimators for cointegrating regression models with serially dependent error, Journal of Econometrics, 149, 119, 10.1016/j.jeconom.2008.11.003

Kwiatkowsky, 1992, Testing the null hypothesis of stationarity against the alternative of a unit root, Journal of Econometrics, 54, 159, 10.1016/0304-4076(92)90104-Y

Li, 1997, Bootstrapping cointegrating regressions, Journal of Econometrics, 80, 297, 10.1016/S0304-4076(97)00043-2

Lothian, 1996, Real exchange rate behavior: The recent float from the perspective of the past two centuries, Journal of Political Economy, 104, 488, 10.1086/262031

Lucas, 1982, Interest rates and currency prices in a two-country world, Journal of Monetary Economics, 10, 335, 10.1016/0304-3932(82)90032-0

Moosa, 1997

Nagayasu, 1998, Does the long-run PPP hypothesis hold for Africa?

Narayan, 2005, New evidence on purchasing power parity from 17 OECD countries, Applied Economics, 38, 63, 10.1080/00036840500365983

Odedokun, 2000, Fulfilment of purchasing power parity conditions in Africa: The differential role of CFA and non-CFA membership, Journal of African Economies, 9, 213, 10.1093/jae/9.2.213

Papell, 1997, Searching for stationarity: Purchasing power parity under the current float, Journal of International Economics, 43, 313, 10.1016/S0022-1996(96)01467-5

Parikh, 2000, Real exchange rates and unit root tests, Review of World Economics, 136, 478

Park, 1988, Statistical inference in regressions with integrated processes: Part 1, Econometric Theory, 4, 464, 10.1017/S0266466600013402

Patel, 1990, Purchasing power parity as a long-run relation, Journal of Applied Econometrics, 4, 367, 10.1002/jae.3950050405

Perman, 1991, Cointegration: An introduction to the literature, Journal of Economic Studies, 18, 3, 10.1108/EUM0000000000151

Pesaran, 1997

Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, Journal of Applied Econometrics, 16, 289, 10.1002/jae.616

Phillips, 1991, Optimal inference in cointegrated systems, Econometrika, 59, 283, 10.2307/2938258

Phillips, 1990, Statistical inference in instrumental variable regression with I(1) processes, Review of Economic Studies, 57, 99, 10.2307/2297545

Rogoff, 1996, The purchasing power parity puzzle, Journal of Economic Literature, 34, 647

Salehizadeh, 1999, A test of purchasing power parity of emerging economies, Journal of International Financial Market, Institutions and Money, 9, 183, 10.1016/S1042-4431(99)00006-2

Sekioua, 2006, The real exchange rate and the purchasing power parity puzzle: Further evidence, Applied Financial Economics, 16, 199, 10.1080/09603100500389945

Serletis, 1997, Breaking trend functions in real exchange rates: Evidence from seventeen OECD countries, Journal of Macroeconomics, 19, 785, 10.1016/S0164-0704(97)00042-6

Shin, 1994, A residual-based test of the null of cointegration against the alternative of no cointegration, Econometric Theory, 10, 91, 10.1017/S0266466600008240

Stock, 1987, Measuring business cycle time, Journal of Political Economy, 95, 1240, 10.1086/261513

Stock, 1993, A simple estimator of cointegrating vectors in higher order integrated systems, Econometrica, 61, 783, 10.2307/2951763

Taylor, 1988, An empirical examination of long-run purchasing power parity using cointegration techniques, Applied Economics, 20, 1369, 10.1080/00036848800000107

Taylor, 1996, International capital mobility in history: Purchasing-power parity in the long run

Wallace, 1988

Wang, 2000, Testing PPP for Asian economies during the recent floating period, Applied Economics Letters, 7, 545, 10.1080/13504850050033355

Wolters, 1998, Modeling the demand for M3 in the unified Germany, The Review of Economics and Statistics, 3, 399, 10.1162/003465398557636

Yazgan, 2003, The purchasing power parity hypothesis for a high inflation country: A re-examination of the case of Turkey, Applied Economics Letters, 10, 143, 10.1080/1350485022000041078

Zurbruegg, 2004, Purchasing power parity and the impact of the east Asian currency crisis, Journal of Asian Economics, 15, 739, 10.1016/j.asieco.2004.05.017