Testing the Purchasing Power Parity Hypothesis: Case of ASEAN Economies

Avtorji

  • Jani Bekő ,
  • Darja Boršič ,

Ključne besede:

pariteta kupne moči, panelni testi enotskega korena, države ASEAN, devizni trgi

Povzetek

Preverjamo hipotezo paritete kupne moči (PKM) na desetih državah skupine ASEAN. Uporabljen je cel niz panelnih testov enotskega korena na podatkih od januarja 1995 do januarja 2018. Vsi izračuni temeljijo na štirih referenčnih valutah, in sicer CNY, JPY, USD in EUR. Prvič, izhajajoč iz izidov pričujoče študije, PKM pretežno velja, če se kot referenčna valuta pojavlja CNY. Drugič, za pokrizno obdobje naša raziskava prepričljivo pokaže, da je PKM pretežno veljavna za razmerja med valutami držav ASEAN in evrom. Vzorec držav je v raziskavi omejen na skupino ASEAN. Upoštevajoč preučevane paritetne pogoje je nastanek globalne gospodarske krize sprožil pomembne valutne premike v skupini ASEAN. Zajem in testiranje širšega nabora referenčnih valut sta nujno potrebna za empirično podkrepitev ideje o PKM.

Biografije avtorja

  • Jani Bekő, ,

    University of Maribor, Faculty of Economics and Business, Slovenija
    E-pošta: jani.beko@um.si

    Jani Bekő, PhD, is full professor of economic theory and applied economics at the Faculty of Economics and Business, University of Maribor, and head of the Department of Political Economy. He teaches undergraduate and postgraduate courses on microeconomics, the theory of markets and prices, macroeconomics, international economics, and the development of economic theory. He is an active researcher within research program entitled “Adjustment of the Slovenian economy and development identity of Slovenia in EU.” His bibliography is comprised of more than 250 entries.

  • Darja Boršič, ,

    University of Maribor, Faculty of Economics and Business, Slovenija
    E-pošta: darja.borsic@um.si

    Darja Boršič, PhD, is full professor in the field of applied economics and econometrics and associate professor in the field of economic theory and political economy at the Faculty of Economics and Business, University of Maribor. She is head of the Institute for Economic Diagnosis and Prognosis and an active researcher within research program entitled “Adjustment of the Slovenian economy and development identity of Slovenia in EU.” Her research is focused on price levels, exchange rates, and labour market. In the period from December 2011 to June 2014 and from October 2015 to September 2017, she served as vice dean for international cooperation at the Faculty of Economics and Business, University of Maribor, dealing mainly with international accreditation procedures.

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Prenosi

Objavljeno

22.07.2022

Številka

Letn. 64 Št. 4 (2018): Naše gospodarstvo / Our economy

Rubrika

Articles

Kako citirati

Bekő, J., & Boršič, D. . (2022). Testing the Purchasing Power Parity Hypothesis: Case of ASEAN Economies. Naše Gospodarstvo Our Economy, 64(4), 74-85. https://old.journals.um.si/index.php/oe/article/view/2174