Purchasing power parity in African countries: evidence from panel SURADF test

Purchasing power parity in African countries: evidence from panel SURADF test

This study reexamines the validity of long-run purchasing power parity (PPP) hypothesis using a battery of panel unit root tests for 11 developing countries in Africa over the period 1980-2007. Based on the conventional panel unit root tests, we found evidence that the monthly real exchange rates i...

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Bibliographic Details
Main Authors: Baharumshah, Ahmad Zubaidi, Lau, Evan, Nziramasanga, Mudziviri T.
Format: Article
Language:English
Published: Blackwell Publishing 2010
Online Access:http://psasir.upm.edu.my/id/eprint/16391/1/Purchasing%20power%20parity%20and%20efficiency%20of%20black%20market%20exchange%20rate%20in%20African%20countries.pdf

Internet

http://psasir.upm.edu.my/id/eprint/16391/1/Purchasing%20power%20parity%20and%20efficiency%20of%20black%20market%20exchange%20rate%20in%20African%20countries.pdf

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