More documents from Ferré, Montserrat; Ramajo, Julián
More documents from Applied Economics

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

Purchasing power parity revisited: evidence from old and new tests for an OECD panel

[journal article]

Ferré, Montserrat; Ramajo, Julián

fulltextDownloadDownload full text

(722 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Abstract The objective of this article is to study long-run purchasing power parity (PPP) for a panel of 21 OECD countries from the end of the Bretton Woods era by applying a wide range of the econometric techniques available. This will allow us to present a comprehensive up to date examination of the empirical validity of PPP, covering the weak and strong versions of the hypothesis with individual and panel analysis, including the absence or presence of cross-dependency, the linear or non-linear behaviour of the real exchange rates, and the degree of persistence. Overall, the results provide evidence in favour of PPP.
Keywords OECD
Classification Political Economy; Economic Statistics, Econometrics, Business Informatics
Free Keywords purchasing power parity; exchange rates; C23; F31; G15
Document language English
Publication Year 2010
Page/Pages p. 2243-2260
Journal Applied Economics, 42 (2010) 17
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)