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Zahra Mila Elmi

Academic rank: Professor
ORCID:
Education: PhD.
ScopusId:
Faculty: Faculty of Economics and Administrative Sciences
Address:
Phone: 09112153929

Research

Title
Non-linear quantile unit root test and PPP: more evidence from Africa
Type
JournalPaper
Keywords
Non-linear quantile unit root; PPP; 29 African nations
Year
2017
Journal APPLIED ECONOMICS LETTERS
DOI
Researchers mohsen bahmani-oskooee ، Zahra Mila Elmi ، abera gelan ، Omid Ranjbar ، Tsangyao chang

Abstract

It is now a common practice to establish stationarity of the real exchange rate as a sign of purchasing power parity (PPP) hypothesis. In this article, we consider the real effective exchange rates of 29 African countries. When we apply conventional linear unit root tests, we find support for the PPP in eight countries. However, when we shift to the newly introduced non-linear quantile unit root test, support for the PPP increases to 15 countries