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Cointegration Tests of Purchasing Power Parity in Africa
World Development, 2003Abstract Despite two decades of implementing economic reforms, there is still a significant gap between official and black market exchange rates in Africa. African policy makers continue to implement exchange rate policies based largely on the assumption that purchasing power parity (PPP) holds.
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A test of the purchasing power parity hypothesis
Applied Economics, 1995The purchasing power parity (PPP) hypothesis is examined in the case of less developed countries. Although the issue has been debated extensively in the context of the developed countries, there has hardly been any study using the experience of the less developed countries.
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Pitfalls in panel tests of purchasing power parity
Weltwirtschaftliches Archiv, 1999Pitfalls in Panel Tests of Purchasing Power Parity. —The results of panel unit root tests applied to real exchange rates as a test of long-run purchasing power parity (PPP) diverge much. In particular, due to misspecifications there is little evidence of the convergence of real exchange rates for the German mark.
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Nonlinear Modelling of Purchasing Power Parity in Indonesia [PDF]
This paper models the dynamics of the adjustment process of Indonesian purchasing power parity (PPP) relative to US, Japan and Singapore by employing a nonlinear framework, which is recently shown to be appropriate in the presence of transaction costs associated with international trade.
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The Purchasing-Power Parity Doctrine: A Reappraisal
Journal of Political Economy, 1964B. Balassa
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Further evidence on the validity of purchasing power parity in selected African countries
Journal of economics and finance, 2018E. N. Gyamfi, E. F. Appiah
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Purchasing Power Parities of Currencies
This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance.openaire +1 more source
Testing the Evidence of Purchasing Power Parity for Southeast Asia Countries
International Econometric Conference of Vietnam, 2018M. Ha
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The growing significance of purchasing power parity
2005The principle of purchasing power parity is central to the theoretical underpinnings of the analysis of many trade issues, but up until recently, there was little evidence that PPP held in the long run. Current research has changed that. The key to finding the evidence was realizing how to test for a long-run effect given the fact that exchange rates ...
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