๐”– Bobbio Scriptorium
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Purchasing Power Parity and aggregation bias for a developing country: The case of Mexico

โœ Scribed by Raymond Robertson; Anil Kumar; Donald H. Dutkowsky


Book ID
116633885
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
345 KB
Volume
90
Category
Article
ISSN
0304-3878

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## Abstract Nonlinear models of deviations from PPP have recently provided an important, theoretically well motivated, contribution to the PPP puzzle. Most of these studies use temporally aggregated data to empirically estimate the nonlinear models. As noted by Taylor (2001), if the true DGP is non