Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/167780
Authors: 
Bahmani-Oskooee, Mohsen
Chang, Tsangyao
Wu, Tsung-Pao
Year of Publication: 
2015
Citation: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Volume:] 3 [Year:] 2015 [Issue:] 2 [Pages:] 153-161
Abstract: 
This study examines whether the long-run purchasing power parity (PPP) holds in transition economies (Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania and Russia) using monthly data over the 1995 - 2011 period. We apply a recently introduced panel stationary test, which accounts for sharp breaks and smooth shifts. The results indicate that the PPP holds only in two countries (i.e., Lithuania and Poland).
Subjects: 
purchasing power parity
transition countries
panel stationary test
sharp breaks and smooth breaks
Fourier function
JEL: 
C22
F31
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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