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Does Purchasing Power Parity Hold for Garment Export-Oriented Developing Countries?
Procedia - Social and Behavioral Sciences
During the last two decades, Bangladesh, India, Pakistan and Sri Lanka have experienced phenomenal export earnings due to the growth of their export-oriented garment industries. Over time, the movement in exchange rates has influenced the export performance of these countries. Purchasing power parity (PPP) is the first step in understanding what drives the exchange rate in an economy. This study, therefore, examines the validity of PPP for the above four developing countries. The results coulddoi:10.1016/j.sbspro.2012.11.083 fatcat:bkqy7knoyneynhanguwbenr3mm