Testing the presence and the absence of purchasing power parity: results for fixed and flexible regimes

Recent empirical studies concerning purchasing power parity (PPP), using the concept of cointegraton, have tested the null hypothesis of the absence orthe presence of PPP. The disadvantage of using either of these approaches is that the conclusion is ambiguous when not rejecting the null: the result...

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Veröffentlicht in:	Applied economics 1995-07, Vol.27 (7), p.635-642
Hauptverfasser:	Henricsson, Richard, LundbÄck, Erick
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied economics Economic theory Economics Foreign exchange Foreign exchange rates Hypotheses Industrialized nations Parity Purchasing power Purchasing power parity Studies
Online-Zugang:	Volltext
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