Purchasing power parity in high-inflation eastern european countries: Evidence from fractional and harris-inder cointegration tests

Does long-run purchasing power parity ho

Does long-run purchasing power parity hold in Eastern and Southern African countries? Evidence from panel data stationary tests with multiple structural breaks

✍ Jean-François Hoarau 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 118 KB

## 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