Nonlinear approaches in testing PPP: Evidence from Southern African development community
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- 作者：Mulatu F. Zerihuna ; b ; zerihunmulatufekadu606@gmail.com" class="auth_mail" title="E-mail the corresponding author ; Zerihunmulatufekadu606@tut.ac.za" class="auth_mail" title="E-mail the corresponding author ; Marthinus C. Breitenbachb ; martin.breitenbach@up.ac.za" class="auth_mail" title="E-mail the corresponding author
- 关键词：C22 ; C32 ; F15 ; F31
- 刊名：Economic Modelling
- 出版年：2016
- 出版时间：August 2016
- 年：2016
- 卷：56
- 期：Complete
- 页码：162-167
- 全文大小：238 K
文摘
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The BDS and the Fourier stationarity tests are employed.
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Both tests confirm the non-linear behaviour in the real exchange series.
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Furthermore, the result from the Fourier test provides evidence of an OCA in the SADC.
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The findings in this study will encourage integration initiatives in the region.