… cointegration can well apply to fractionally integrated processes, no empirical work to date
has been done on fractional cointegration, … amined using fractional cointegration analysis. For …

… This paper examines the validity of Purchasing Power Parity … Unit root tests, Johansen
cointegration test were employed to … of cointegration tests showed that there exists a cointegrating …

… In this paper, we apply cointegration analysis to examine the long term bilateral exchange
rate-price relationship between the United States and each of the following five countries: …

… conventional tests of the absolute version of purchasing power parity (PPP) inappropriate. If
PPP is … form a cointegrated system. We find the null hypothesis of no cointegration cannot be …

… employ the cointegration analysis suggested … cointegration approach has been widely used
in applied work ranging from tests of securities market efficiency to purchasing power parity. …

… analysis of long-run purchasing power parity (PPP) for five major exchange rates using
recently developed econometric techniques on the cointegration of … of non-cointegration of the …

… They present the empirical evidence that cointegrated relationship does not exist in the …
power parity proposition in most of the cases. Drine & Rault [16] apply panel cointegration …

… This paper examines the long-run validity of purchasing power parity (PPP) for four high…
We then utilize these data to test PPP using Johansen's (1988) multivariate cointegration …

… Using cointegration and fractional cointegration methods we shall test whether PPP holds
for several members of the Organization of Petroleum Exporting Countries (OPEC). Speci®…

… power parity relationship between Canada and the United States. The results are supportive
of purchasing power parity (… Zt-I is defined as deviations from the cointegrating regression. …