Title page for ETD etd-01292009-063028


Type of Document Master's Thesis
Author Speed, Preston Brooks
URN etd-01292009-063028
Title Tests of purchasing power parity
Degree Master of Arts
Department Economics
Advisory Committee
Advisor Name Title
Wentzler, N. Committee Chair
Porter, R. Committee Member
Reid, B. Committee Member
Keywords
  • parity
  • currencies
  • exchange rates
  • cointegration
  • unit roots
Date of Defense 1996-04-01
Availability unrestricted
Abstract
THIS PAPER EXAMINES THE LONG-RUN RELATIONSHIP BETWEEN

EXCHANGE RATES AND PRICES IN TEN COUNTRIES IN SOUTHWEST ASIA,

AFRICA, AND THE PACIFIC RIM FOR THE POST-BRETTON WOODS PERIOD.

IT USES COINTEGRA TION TESTS TO INVESTIGATE THE THESIS THAT

RELATIVE PURCHASING POWER PARITY EXISTS AS A LONG-RUN

EQUILIBRIUM CONDITION BETWEEN COUNTRY- PAIRS. IT EXPANDS UPON

TESTS FOR RELATIVE PURCHASING POWER PARITY SUGGESTED BY

PREVIOUS AUTHORS BY PRETESTING PRICE INDEX TIME SERIES FOR

STRUCTURAL BREAKS, IN ADDITION TO PRETESTING THE PRICE INDICES

AND EXCHANGE RA TES FOR COMPATIBLE STOCHASTIC PROPERTIES. IT

COMPARES THE RESULTS OF CONVENTIONAL COINTEGRATION TESTS FOR

PARITY WITH A WEAKER FORM OF THE RELATIONS HIP SUGGESTED BY

PIPPENGER (1993) AND PATEL (1990), AND FINALLY, EXAMINES

PURCHASING POWER PARITY BY TESTING REAL BILATERAL EXCHANGE

RATES FOR STATIONARITY.

Files
  Filename       Size       Approximate Download Time (Hours:Minutes:Seconds) 
 
 28.8 Modem   56K Modem   ISDN (64 Kb)   ISDN (128 Kb)   Higher-speed Access 
  LD5655.V855_1996.S684.pdf 1.01 Mb 00:04:41 00:02:24 00:02:06 00:01:03 00:00:05
[BTD] next to an author's name indicates that all files or directories associated with their ETD are accessible from the Virginia Tech campus network only.

Browse All Available ETDs by ( Author | Department )

dla home
etds imagebase journals news ereserve special collections
virgnia tech home contact dla university libraries

If you have questions or technical problems, please Contact DLA.