NSU Research Contributions
Title : Fourier Nonlinear Quantile Unit Root Test of Purchasing Power Parity in Cryptocurrencies
Authors : Gour Gobinda Goswami1 & Tapas Kumar Saha
| Journal Title: Applied Economics Letters | Volume Number: 31 | Publication Year : 2022 | Issue Number: 4 |
| Index: scopus | Ranking: Q3 | ISSN: 13504851, 14664 | Publisher Name: Taylor and Francis |
| Pages : 312-322 | |||
| Funding Source : Self |
|
Direct Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Indirect Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Sustainable Development Sub Goals : Upgrade infrastructure and retrofit industries to make them sustainable Enhance scientific research & technological capacity |
| Impact statement: The primary purpose of this article is to conduct the Fourier Nonlinear Unit Root Test to check Purchasing Power Parity (PPP) for seven cryptocurrencies traded in seventeen countries from 2010 to 2021. The unit root test supports the PPP hypothesis when we use each cryptocurrency separately for all the countries. However, the PPP hypothesis is strongly supported when we pool them together by country and cryptocurrency. This finding aligns with the power-of-test issue in the PPP for regular PPP testing, which also holds for cryptocurrencies. | Collaboration: Other | Keywords: Cryptocurrency; PPP; Fourier Nonlinear Quantile Unit Root Test; Bitcoin |
