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Internal Relative Price Stationarity in Long-Run Purchasing Power Parity

✍ Scribed by Janice Boucher Breuer; Alston Flynn Lippert


Book ID
108534374
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
154 KB
Volume
5
Category
Article
ISSN
0965-7576

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## Abstract This study tests for the long‐run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970–2007. This assumption is considered both in its traditional view, that is, the reversion of