Results 1 to 10 of about 14,302 (296)
A Century of Purchasing-Power Parity [PDF]
Review of Economics and Statistics, 2002 This paper investigates purchasing-power parity (PPP) since the late nineteenth century. I collected data for a group of twenty countries over 100 years, a larger historical panel of annual data than has ever been studied. The evidence for long-run PPP is favorable using recent multivariate and univariate tests of higher power.
Alan M. Taylor
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Testing the Validity of Purchasing Power Parity: Panel Cointegration Approaches with Big Mac Index
Proceedings, 2022 Purchasing power parity (PPP) is vital for determining exchange rates. It has been evaluated in a variety of ways, but the findings have been inconsistent. Traded products have been the focus of much investigation relating to PPP.
Jing-Wen Wee, Hock-Ann Lee
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Pairwise Tests of Purchasing Power Parity [PDF]
Econometric Reviews, 2009 Given nominal exchange rates and price data on N + 1 countries indexed by i = 0,1,2,…, N, the standard procedure for testing purchasing power parity (PPP) is to apply unit root or stationarity tests to N real exchange rates all measured relative to a base country, 0, often taken to be the U.S. Such a procedure is sensitive to the choice of base country,
Pesaran, M Hashem +3 more
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Testing the Purchasing Power Parity Hypothesis: Case of ASEAN Economies
Naše Gospodarstvo, 2018 We examine the purchasing power parity (PPP) hypothesis of 10 members of ASEAN. A battery of panel unit root tests is employed on data series from January 1995 to January 2018 in order to search for validity of PPP in the period before the Great ...
Bekő Jani, Boršič Darja
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Cointegration tests of purchasing power parity [PDF]
Review of World Economics, 2013 Im et al. (Unpublished working paper, 2008) develop cointegration tests using stationary instrumental variables. Their tests avoid the need to simulate critical values for the cointegration estimations, especially problematic in the presence of a nuisance parameter. Likewise, bootstrapping errors is unnecessary.
Frederick H. Wallace
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Central Bank Review, 2017 This study explores the empirical validity of the purchasing power parity (PPP) hypothesis between Turkey and its four major trading partners, the European Union, Russia, China and the US.
Dilem Yıldırım
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On the Empirical Failure of Purchasing Power Parity Tests [PDF]
Journal of Applied Econometrics, 2014 SummaryEmpirical research on the validity of the purchasing power parity (PPP) condition is generally based on real exchange rates built using the consumer price index (CPI), but fails to provide clear support to PPP. In this paper we show theoretically that, even if the law of one price (LOP) holds for traded goods, CPI‐based real exchange rates are ...
Pelagatti, Matteo, Colombo, Emilio
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Analisis Kurs Valas Dengan Pendekatan Box-Jenkins: Studi Empiris Rp/Us$ Dan Rp/Yen, 1983.2 – 2000.3
Economic Journal of Emerging Markets, 2009 This paper attempts to analyse Rp/US$ and Rp/Yen exchange rates over the period 1983.2-2000.3. Using the Box-Jenkins approach, we tested various models to explain the behavior of Rp/US$ and Rp/Yen.
Hadi Kardoyo, Mudrajat Kuncoro
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Validity test of purchasing power parity doctrine: An Indonesian case study
Economic Journal of Emerging Markets, 2016 The goal of this study is to analyze the doctrine purchasing power parity (PPP) in Indonesia with the case study of the rupiah exchange rate to U.S. dollar.
Sahabudin Sidiq, Herawati Herawati
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Uluslararası Ekonomi, İşletme ve Politika Dergisi, 2021 According to purchasing power parity (PPP), the nominal exchange rate between the two currencies should be equal to the ratio of the total price levels between the two countries.
Süreyya İmre
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