The Existence of Long-Run PPP: A Comparison between Developed and Developing Countries

The Existence of Long-Run PPP: A Comparison between Developed and Developing Countries

McNown & Wallace (1989) argued that PPP will tend to holds in less developed countries due to the domination of nominal factors in the economy. In this study we try to investigate the existence of long-run PPP in eight countries consisting four developed and developing countries. Here we show th...

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Bibliographic Details
Main Author: Sulistiadi Dono Iskandar
Format: Article
Language:English
Published: Universitas Indonesia 2016-08-01
Series:Economics and Finance in Indonesia
Subjects:
purchasing power parity
cointegration test
developed countries
developing countries
Online Access:http://efi.ui.ac.id/index.php/efi/article/view/551

Internet

http://efi.ui.ac.id/index.php/efi/article/view/551

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