Results 101 to 110 of about 70,336 (294)
Journal of the Agricultural and Applied Economics Association, EarlyView.Abstract This paper derives the asymptotic properties of an iterated three‐stage least squares (I3SLS) estimator and applies it to estimate a Quadratic Almost Ideal Demand (QUAID) system for 47 fruits and vegetables with endogenous prices. We calculate an exact price index from the estimates and compare it with several commonly used price indexes.
Shaonan Wang, Chen Zhen, Peyton Ferrier
wiley +1 more source
The micro-macro disconnect of purchasing power parity [PDF]
The persistence of aggregate real exchange rates is a prominent puzzle, particularly since adjustment of international relative prices in microeconomic data is much faster. This paper finds that adjustment to the law of one price in disaggregated data is
Jyh-Lin Wu, Paul R. Bergin, Reuven Glick
core +3 more sources
The Adjustment of Prices and the Adjustment of the Exchange Rate [PDF]
The purchasing power parity puzzle relates to the adjustment of real exchange rates. Real exchange rates are extremely volatile, suggesting that temporary shocks emanate from the monetary sector.
Charles Engel, James C. Morley
core
What Explains International Interest Rate Co‐Movement?
Journal of Applied Econometrics, EarlyView.ABSTRACT The international co‐movement of interest rates reflects correlated business‐cycle fluctuations, largely driven by demand shocks. Monetary policy in advanced economies follows domestic mandates—inflation and the output gap—and does not respond to foreign policy shocks.
Annika Camehl, Gregor von Schweinitz
wiley +1 more source
Revista de Métodos Cuantitativos para la Economía y la Empresa, 2019 Este trabajo analiza la relación entre la composición del gasto público y la tasa de cambio real (TCR) en Colombia, dada la recomposición desde 2004 desde los gastos de funcionamiento hacia la inversión pública.
Alonso Cifuentes, Julio César +1 more
doaj
Does regional cost-of-living reshuffle Italian income distribution? [PDF]
This paper examines how spatial price differentials affect income distribution in Italy. The distribution of household income is “reshuffled” after controlling for the purchasing power of households residents in different regions, but only when housing ...
M. Grazia Pittau +2 more
core
Tourism, Democracy and Economic Growth in Africa
Journal of International Development, EarlyView.ABSTRACT While numerous studies have explored the determinants of economic growth, research on the impact of tourism and democracy on economic growth remains debated in both developed and developing countries. Furthermore, studies examining the moderating role of democracy in the tourism–economic growth relationship are particularly scarce.
Toyo A. M. Dossou +3 more
wiley +1 more source
Does the Purchasing Power Parity Hold in Emerging Markets? Evidence from Black Market Exchange Rates [PDF]
We examine the Purchasing Power Parity (PPP) hypothesis using a unique panel of monthly data on black market exchange rates for twenty emerging market economies over the period 19973M1-1993M12.
Cerrato, Mario, Nicholas Sarantis
core
Land Degradation &Development, EarlyView.ABSTRACT Legislative frameworks that support gender equality are crucial for addressing structural inequalities, protecting women's rights, and achieving gender‐equitable land degradation neutrality (LDN) outcomes. This study examines the extent to which national‐level policies and legislation governing LDN and related sectors incorporate gender ...
Cynthia Nneka Olumba +1 more
wiley +1 more source
VECM estimations of the PPP reversion rate revisited: the conventional role of relative price adjustment restored [PDF]
Cheung et al. (2004) use a vector error correction model (VECM) for the current float nominal exchange rate and the relative price data and claim that the sluggish Purchasing Power Parity (PPP) reversion is primarily driven by the nominal exchange rate ...
Kim, Hyeongwoo
core +1 more source