AGGREGATE PRICE INDEXES, COINTEGRATION, AND TESTS OF THE PURCHASING POWER PARITY HYPOTHESIS

被引：4

作者：

JOHNSON, PA

机构：

[1] University of Oregon, Eugene

来源：

ECONOMICS LETTERS | 1991年 / 36卷 / 03期

关键词：

D O I：

10.1016/0165-1765(91)90038-M

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper I show that cointegration tests of PPP using aggregate price indexes are not always robust to changes in relative prices. I offer a method of gauging the importance of these effects and find them to be unimportant in recent rejections of PPP. © 1991.

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页码：305 / 309

页数：5

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