PURCHASING POWER PARITY BASED ON EFFECTIVE EXCHANGE-RATE AND COINTEGRATION - 25 LDCS EXPERIENCE WITH ITS ABSOLUTE FORMULATION

被引:43
作者
BAHMANIOSKOOEE, M
机构
[1] University of Wisconsin, Milwaukee
关键词
D O I
10.1016/0305-750X(93)90058-H
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
With the development of cointegration technique, the Purchasing Power Parity (PPP) theory has received renewed attention. Most studies have tested the theory by using data from developed countries (DCs) and some high-inflation, less-developed countries (LDCs). They have mostly rejected its empirical validity. In this paper we use the concept of effective exchange rate and quarterly, data over 1973-88 to examine the experience of 25 LDCs. For most countries we found little empirical support for the PPP.
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页码:1023 / 1031
页数:9
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