Purchasing power parity in an emerging market economy: a long-span study for Chile
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad de Chile
2003
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| _version_ | 1876481245413638144 |
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| author | Roberto Duncan |
| author_facet | Roberto Duncan |
| contents | Purchasing power parity in an emerging market economy: a long-span study for Chile Roberto Duncan César Calderón Economía y Finanzas cointegration unit root tests real exchange rate and structural breaks Purchasing power parity Recent research has found evidence that supports the purchasing power parity(PPP) condition in developed countries using very long-span data, while evidencefor developing countries is almost nonexistent. This paper tries to fulfillthis void by testing the validity of PPP as a long run equilibrium condition forChile, using data, since its birth as a nation, developed by Díaz, Lüders andWagner (2003). A battery of unit-root and cointegration tests is applied. We foundevidence in favor of PPP. Results are robust to changes in the domestic priceindex, to changes in the sample period, and to the econometric technique applied. 2003 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22130105 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.30 |
| format | Artículo científico |
| id | redalyc_22130105 |
| institution | Redalyc |
| language | en |
| publishDate | 2003 |
| publisher | Universidad de Chile |
| spellingShingle | Purchasing power parity in an emerging market economy: a long-span study for Chile Roberto Duncan Economía y Finanzas cointegration unit root tests real exchange rate and structural breaks Purchasing power parity Purchasing power parity in an emerging market economy: a long-span study for Chile Roberto Duncan César Calderón Economía y Finanzas cointegration unit root tests real exchange rate and structural breaks Purchasing power parity Recent research has found evidence that supports the purchasing power parity(PPP) condition in developed countries using very long-span data, while evidencefor developing countries is almost nonexistent. This paper tries to fulfillthis void by testing the validity of PPP as a long run equilibrium condition forChile, using data, since its birth as a nation, developed by Díaz, Lüders andWagner (2003). A battery of unit-root and cointegration tests is applied. We foundevidence in favor of PPP. Results are robust to changes in the domestic priceindex, to changes in the sample period, and to the econometric technique applied. 2003 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22130105 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.30 |
| title | Purchasing power parity in an emerging market economy: a long-span study for Chile |
| topic | Economía y Finanzas cointegration unit root tests real exchange rate and structural breaks Purchasing power parity |
| url | https://www.redalyc.org/articulo.oa?id=22130105 |