dc.contributor.author | Pfaffermayr, Michael | de |
dc.date.accessioned | 2011-04-01T03:50:00Z | de |
dc.date.accessioned | 2012-08-30T04:48:35Z | |
dc.date.available | 2012-08-30T04:48:35Z | |
dc.date.issued | 2009 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/24076 | |
dc.description.abstract | This paper contributes to the literature on the Law of One Price
(LOP) and absolute Purchasing Power Parity (PPP) in two ways.
First, it uses a novel set of PPP data from the International
Comparison Programme for OECD countries and 195 internationally
comparable products from 1980 to 1996. Second, it derives and
applies a test of conditional sigma-convergence, which does not
require long time spans or high frequency data. Between 1990 and
1996 for 10 out of 23 countries a significant reduction in the
variance of the deviations from LOP is found for tradeables, but
none in case of non-tradeables. For the former, the deviations
from LOP close out at half-lives between 2.2 and 6.3 years.
However, there are also persistent country-specific deviations
from LOP parities. | en |
dc.language | en | de |
dc.title | The Law of One Price: Conditional Convergence Evidence from Disaggregated Data | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Applied Economics | de |
dc.source.volume | 41 | de |
dc.source.issue | 26 | de |
dc.identifier.urn | urn:nbn:de:0168-ssoar-240761 | de |
dc.date.modified | 2011-04-01T03:50:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | -1 | de |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.source.pageinfo | 3345-3357 | |
internal.identifier.journal | 21 | de |
internal.identifier.document | 32 | |
dc.identifier.doi | https://doi.org/10.1080/00036840701426584 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED | |