Search Result

Srl

Item

ID: 095936

Balassa–Samuelson model of purchasing power parity and Chinese exchange rates / Guo, Qian

Guo, Qian	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2010.

Summary/Abstract

Our principal purpose here is to assess the extent to which both the official and black market exchange rates for the Chinese economy exhibit compatibility with the Balassa-Samuelson model over the period from 1985 to 2006. We employ annual measures of inflation and industry input on an aggregated, disaggregated and sector basis, all of which have been especially constructed for this study. Both the time series and panel cointegration tests applied to this data are generally inconsistent with the prediction of the Balassa-Samuelson model that the tradable goods sector is compatible with purchasing power parity. However, our analysis also shows that other predictions of the Balassa-Samuelson model - most notably that there will be a strong long-run relationship between the real exchange rate and the relative productivity differential between China and the U.S. - does hold up for the Chinese economy. Moreover, the black market exchange rate appears to be more consistent with the predictions of the Balassa-Samuelson model than the official exchange rate.

Key Words

Labour Productivity ; Purchasing power parity ; Real Exchange Rate ; Black Market ; Tradable Goods

In Basket

Export

ID: 079648

Evaluating NATO long run defense burdens using unit root test / Amara, Jomana

Amara, Jomana	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2007.

Summary/Abstract

This study evaluates NATO long run defense burdens by analyzing the time-series properties of burden measures, namely growth of defense spending, defense share in national output, defense share in government spending, defense spending per capita, and defense share in total NATO spending for the time period 1949-2002. The study also compares the effect of using government Purchasing Power Parity conversion factors and Market Exchange Rates for defense share in total NATO expenditure conversions and the implications of NATO expansion in light of the defense burden measures of the newer NATO members.

Key Words

NATO ; Purchasing power parity ; DF-GLS ; Defense Burden ; Time Series

Links

'Full Text'

In Basket

Export

ID: 054145

Nontradables and the valuation of RMB-An evaluatiohn of the Big / Yang, Jiawen

Yang, Jiawen	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2004.

Key Words

Chinese Currency ; Purchasing power parity ; Nontradable goods-services

In Basket

Export