Testing the Validity of The Purchasing Power Parity Theory in Selected Integration Organizations by Using the Fourier Function with Fractional Unit Roots
Abstract:The specific terminology of purchasing power parity has been at the centre of international policy debates among the major industrialized countries in the years after World War I. In this study, fractional unit root analysis has been conducted by using Fourier functions. The purchasing power parity theory has been assessed among different integration organizations such as NAFTA, MERCOSUR, EU15, and selected OECD countries for the 1960-2019 period. Fractional Frequency Fourier ADF and conventional ADF tests wer… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.