PPP and Price Convergence: Analysis for Peruvian Cities

PPP and Price Convergence: Analysis for Peruvian Cities

This paper enquires whether the purchasing power parity theory (understood as price convergence) holds among Peruvian cities, to explore the degree of economic integration among Peruvian regions. We identify several factors affecting the real exchange rate among cities & find fiscal policy, prec...

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Veröffentlicht in:Ensayos sobre política económica : documentos de trabajo 2009-01, Vol.27 (58), p.56-104
Hauptverfasser: Monge, Alvaro, Winkelried, Diego
Format: Artikel
Sprache:spa
Schlagworte:
Consumption
Economic Integration
Exchange Rate
Fiscal Policy
Peru
Prices
Purchasing
Supply and Demand
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Zusammenfassung:This paper enquires whether the purchasing power parity theory (understood as price convergence) holds among Peruvian cities, to explore the degree of economic integration among Peruvian regions. We identify several factors affecting the real exchange rate among cities & find fiscal policy, precisely the distribution of public investment on capital across cities, to be an important determinant of price convergence. Adapted from the source document.
ISSN:0120-4483