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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| Format: | Article |
| Language: | English |
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Universitas Indonesia
2016-08-01
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| Series: | Economics and Finance in Indonesia |
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| Online Access: | http://efi.ui.ac.id/index.php/efi/article/view/551 |