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PURCHASING POWER PARITY AND CROSS-SECTIONAL DEPENDENCY : AN AFRICAN PANEL

✍ Scribed by K. HASSANAIN


Book ID
118085751
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
581 KB
Volume
72
Category
Article
ISSN
0038-2280

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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