Options
Long-run validity of purchasing power parity between China and the post-Soviet BRI countries
Author(s)
Date Issued
2023
Journal
ISSN
1681-8997
Citation
Empirical Economics Letters, Apr. 2023, vol. 22(4).
URI
Type
Peer Reviewed Journal Article
Abstract
The Belt and Road Initiative (BRI) was promulgated by China in order to increase economic integration with BRI countries. The validity of purchasing power parity (PPP) implies well-integrated goods markets and further economic cooperation for building an economic union. This study aims to examine validity
of the PPP between China and the sampled post-Soviet BRI countries. Empirical results of rank tests favour strong support for nonlinear PPP relationships during the sample period. However, the Russia-Ukraine War may have disrupted the economic integration process via BRI, which may diminish China’s economic integration process in the post-Soviet region in the future.
Loading...
Availability at HKSYU Library
