{"id":"https://openalex.org/W2096436701","doi":"https://doi.org/10.35536/lje.2008.v13.i1.a2","title":"Long-Run and Short-Run Dynamics of the Exchange Rate in Pakistan: Evidence From Unrestricted Purchasing Power Parity Theory","display_name":"Long-Run and Short-Run Dynamics of the Exchange Rate in Pakistan: Evidence From Unrestricted Purchasing Power Parity Theory","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W2096436701","doi":"https://doi.org/10.35536/lje.2008.v13.i1.a2","mag":"2096436701"},"language":"en","primary_location":{"id":"doi:10.35536/lje.2008.v13.i1.a2","doi":"https://doi.org/10.35536/lje.2008.v13.i1.a2","is_oa":true,"landing_page_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","pdf_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","source":{"id":"https://openalex.org/S124152463","display_name":"The Lahore journal of economics","issn_l":"1811-5438","issn":["1811-5438","1811-5446"],"is_oa":false,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"THE LAHORE JOURNAL OF ECONOMICS","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027488922","display_name":"Muhammad Arshad Khan","orcid":"https://orcid.org/0000-0003-4642-2498","observed_orcids":["https://orcid.org/0000-0003-4642-2498"]},"institutions":[{"id":"https://openalex.org/I189909677","display_name":"Pakistan Institute of Development Economics","ror":"https://ror.org/02bdt4v11","country_code":"PK","type":"education","lineage":["https://openalex.org/I189909677"]}],"countries":["PK"],"is_corresponding":false,"raw_author_name":"Muhammad Arshad Khan","raw_affiliation_strings":["Registrar, Pakistan Institute of Development Economics, Islamabad","Senior Research Economist, Pakistan Institute of Development Economics, Islamabad"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Registrar, Pakistan Institute of Development Economics, Islamabad","institution_ids":["https://openalex.org/I189909677"]},{"raw_affiliation_string":"Senior Research Economist, Pakistan Institute of Development Economics, Islamabad","institution_ids":["https://openalex.org/I189909677"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5075217056","display_name":"Abdul Qayyum","orcid":"https://orcid.org/0000-0002-1296-4195","observed_orcids":["https://orcid.org/0000-0002-1296-4195","https://orcid.org/0009-0004-8905-4386"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Abdul Qayyum Abdul Qayyum","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":9,"citation_normalized_percentile":{"value":0.33014475,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"13","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.8199999928474426},{"id":"https://openalex.org/keywords/exchange-rate-dynamics","display_name":"exchange rate dynamics","score":0.8500000238418579},{"id":"https://openalex.org/keywords/speed-of-adjustment","display_name":"speed of adjustment","score":0.8309999704360962},{"id":"https://openalex.org/keywords/pakistani-rupee","display_name":"Pakistani rupee","score":0.6949999928474426},{"id":"https://openalex.org/keywords/us-dollar","display_name":"US dollar","score":0.6190000176429749},{"id":"https://openalex.org/keywords/long-run-equilibrium","display_name":"long-run equilibrium","score":0.7269999980926514},{"id":"https://openalex.org/keywords/vector-error-correction-model","display_name":"vector error correction model","score":0.527999997138977},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.7680000066757202},{"id":"https://openalex.org/keywords/pakistan","display_name":"Pakistan","score":0.3109999895095825}],"concepts":[{"id":"https://openalex.org/C109888216","wikidata":"https://www.wikidata.org/wiki/Q82135","display_name":"Purchasing power parity","level":3,"score":0.9061386585235596},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.7736915946006775},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7573391199111938},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.722037672996521},{"id":"https://openalex.org/C69048361","wikidata":"https://www.wikidata.org/wiki/Q7310798","display_name":"Relative purchasing power parity","level":4,"score":0.6911134719848633},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.6565799713134766},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6244596838951111},{"id":"https://openalex.org/C136236421","wikidata":"https://www.wikidata.org/wiki/Q361213","display_name":"International Fisher effect","level":5,"score":0.4929351806640625},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.4925125539302826},{"id":"https://openalex.org/C183763965","wikidata":"https://www.wikidata.org/wiki/Q603959","display_name":"Proportionality (law)","level":2,"score":0.42399805784225464},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.2943146228790283},{"id":"https://openalex.org/C113679137","wikidata":"https://www.wikidata.org/wiki/Q10495747","display_name":"Fisher hypothesis","level":4,"score":0.22841626405715942},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.2007419764995575},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.1239880621433258},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.35536/lje.2008.v13.i1.a2","doi":"https://doi.org/10.35536/lje.2008.v13.i1.a2","is_oa":true,"landing_page_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","pdf_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","source":{"id":"https://openalex.org/S124152463","display_name":"The Lahore journal of economics","issn_l":"1811-5438","issn":["1811-5438","1811-5446"],"is_oa":false,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"THE LAHORE JOURNAL OF ECONOMICS","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:lje:journl:v:13:y:2008:i:1:p:29-56","doi":null,"is_oa":false,"landing_page_url":"http://121.52.153.179/JOURNAL/Vol13-No1/02%20LR%20&%20SR%20Dynamics.pdf","pdf_url":"http://121.52.153.179/JOURNAL/Vol13-No1/02%20LR%20&%20SR%20Dynamics.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:5dc96b2ef68b45feaff955dbdc4ec3c4","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/5dc96b2ef68b45feaff955dbdc4ec3c4","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Lahore Journal of Economics, Vol 13, Iss 1 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.35536/lje.2008.v13.i1.a2","doi":"https://doi.org/10.35536/lje.2008.v13.i1.a2","is_oa":true,"landing_page_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","pdf_url":"https://doi.org/10.35536/lje.2008.v13.i1.a2","source":{"id":"https://openalex.org/S124152463","display_name":"The Lahore journal of economics","issn_l":"1811-5438","issn":["1811-5438","1811-5446"],"is_oa":false,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"THE LAHORE JOURNAL OF ECONOMICS","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2096436701.pdf","grobid_xml":"https://content.openalex.org/works/W2096436701.grobid-xml"},"referenced_works_count":69,"referenced_works":["https://openalex.org/W563968055","https://openalex.org/W638309364","https://openalex.org/W1523854737","https://openalex.org/W1524638419","https://openalex.org/W1543452179","https://openalex.org/W1561393815","https://openalex.org/W1562797122","https://openalex.org/W1586313037","https://openalex.org/W1587141723","https://openalex.org/W1854937985","https://openalex.org/W1960127097","https://openalex.org/W1966910378","https://openalex.org/W1968753909","https://openalex.org/W1971393332","https://openalex.org/W1972935096","https://openalex.org/W1974689480","https://openalex.org/W1979897566","https://openalex.org/W1989891576","https://openalex.org/W1993187497","https://openalex.org/W2004182935","https://openalex.org/W2006344690","https://openalex.org/W2006514733","https://openalex.org/W2009817343","https://openalex.org/W2012242180","https://openalex.org/W2015349392","https://openalex.org/W2017080498","https://openalex.org/W2030027101","https://openalex.org/W2036957908","https://openalex.org/W2043041701","https://openalex.org/W2044767606","https://openalex.org/W2047612087","https://openalex.org/W2047699299","https://openalex.org/W2047782684","https://openalex.org/W2052827830","https://openalex.org/W2060643752","https://openalex.org/W2061757686","https://openalex.org/W2063808109","https://openalex.org/W2066731192","https://openalex.org/W2069005377","https://openalex.org/W2069678080","https://openalex.org/W2074231424","https://openalex.org/W2076830389","https://openalex.org/W2081139913","https://openalex.org/W2090895063","https://openalex.org/W2100043468","https://openalex.org/W2100930860","https://openalex.org/W2107752252","https://openalex.org/W2108297179","https://openalex.org/W2124211743","https://openalex.org/W2137639175","https://openalex.org/W2146214900","https://openalex.org/W2147504124","https://openalex.org/W2152512816","https://openalex.org/W2153519755","https://openalex.org/W2153873215","https://openalex.org/W2170598684","https://openalex.org/W2318251402","https://openalex.org/W2467737625","https://openalex.org/W2736567095","https://openalex.org/W2890554530","https://openalex.org/W3121601727","https://openalex.org/W3121888640","https://openalex.org/W3122297411","https://openalex.org/W3122766067","https://openalex.org/W3122854983","https://openalex.org/W3122871899","https://openalex.org/W3124682643","https://openalex.org/W3125328161","https://openalex.org/W4410168706"],"related_works":["https://openalex.org/W2105298384","https://openalex.org/W7099732445","https://openalex.org/W2127721957","https://openalex.org/W7097184433","https://openalex.org/W7168239281","https://openalex.org/W3023936737","https://openalex.org/W2165972817","https://openalex.org/W4403311022","https://openalex.org/W2107752252","https://openalex.org/W7167100759"],"abstract_inverted_index":{"The":[0],"main":[1],"focus":[2],"of":[3,11,13,19,37,44,73,84,113],"this":[4],"paper":[5],"is":[6,115],"to":[7,30,106,129],"measure":[8],"the":[9,14,20,32,38,48,51,56,71,79,90,92,103,111,119,134,141],"speed":[10,112],"adjustment":[12,114],"exchange":[15,45,53,93,136],"rate":[16,54,94,137],"by":[17,25],"means":[18],"persistent":[21],"profile":[22],"approach":[23],"developed":[24],"Pesaran":[26],"and":[27,34,61,81,95,118,132],"Shin":[28],"(1996)":[29],"examine":[31],"symmetry":[33,80],"proportionality":[35,82],"assumptions":[36,83],"purchasing":[39],"power":[40],"parity":[41],"(PPP)":[42],"theory":[43],"rates":[46],"for":[47,70],"Pak-rupee":[49],"vis-\u00e0-vis":[50],"US-dollar":[52],"over":[55],"period":[57],"1982Q2-2005Q4.":[58],"Using":[59],"cointegration":[60],"vector":[62],"error-correction":[63],"modeling":[64],"approaches,":[65],"we":[66],"find":[67],"considerable":[68],"support":[69],"validity":[72],"weak-form":[74],"PPP":[75,85],"in":[76,102,138],"Pakistan.":[77],"Furthermore,":[78],"are":[86,127],"not":[87],"verified.":[88],"In":[89],"short-run,":[91],"foreign":[96],"prices":[97],"play":[98],"a":[99],"significant":[100],"role":[101],"convergence":[104],"process":[105],"achieve":[107],"long-run":[108,142],"equilibrium.":[109],"However,":[110],"very":[116],"slow":[117],"persistence":[120],"profiles":[121],"suggest":[122],"that":[123],"almost":[124],"4-5":[125],"years":[126],"required":[128],"eliminate":[130],"deviations":[131],"bring":[133],"nominal":[135],"line":[139],"with":[140],"equilibrium":[143],"path.":[144]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2016-06-24T00:00:00"}