{"id":51426,"date":"2023-12-01T17:37:39","date_gmt":"2023-12-01T16:37:39","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/revisiting-purchasing-power-parity-in-g6-countries-an-application-of-smooth-time-varying-cointegration-approach\/"},"modified":"2025-10-22T22:14:27","modified_gmt":"2025-10-22T20:14:27","slug":"revisiting-purchasing-power-parity-in-g6-countries-an-application-of-smooth-time-varying-cointegration-approach","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51426\/","title":{"rendered":"Revisiting purchasing power parity in G6 countries: an application of smooth time-varying cointegration approach"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51426","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This study revisits purchasing power parity (PPP) for the G6 countries (i.e., Canada, Italy, Japan, France, Germany, the UK) using the smooth time-varying cointegrating approach, proposed by Park and Hahn (Econom Theory 15:664-703, 1999). Using monthly data over the period January 1971 to December 2013, our empirical results indicate that PPP holds in two out of six countries (i.e., France and Germany).","onlinedate":"2018-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20180201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"G6 Countries\",\"Purchasing power parity\",\"Smooth time-varying cointegration test\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"45","monthly_report_pages":"187-196","monthly_report_pages_sort":"187","issue":"1","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[12731,11791,14089],"persons_data":"[{\"personId\":12731,\"personName\":\"Jingfei Wu\",\"organisationNames\":[]},{\"personId\":11791,\"personName\":\"Mohsen Bahmani-Oskooee\",\"organisationNames\":[]},{\"personId\":14089,\"personName\":\"Tsangyao Chang\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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