Purchasing Power Parity in Developing Countries: Evidence from Conventional and Fractional Cointegration Tests

This paper examines the long-run validity of purchasing power parity (PPP) for fourteen developing countries. The period examined is 1973:4 through 2002:8. The methods of Elliot, Rothemberg and Stock (1996), Kwiattkoski et al. (1992) and Geweke and Porter-Hudak (1983) are employed to detect the time...

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Bibliographic Details
Main Authors: Arize, A. C., Malindretos, John, Grivoyannis, Elias C.
Format: Article
Language:English
Published: Universiti Utara Malaysia Press 2004
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/25110/1/IJBF%202%202004%2029%2043.pdf