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Revisiting purchasing power parity for 16 Latin American countries: panel SURADF tests

✍ Scribed by Ralph Lu, Yang-Cheng; Chang, Tsangyao; Chiu, Chi-Chen; Tzeng, Han-Wen


Book ID
120426911
Publisher
Taylor and Francis Group
Year
2011
Tongue
English
Weight
123 KB
Volume
18
Category
Article
ISSN
1350-4851

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REVISITING PURCHASING POWER PARITY FOR 1
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## ABSTRACT This study applies the threshold unit root test proposed by Caner and Hansen (2001) to test the validity of long‐run purchasing power parity (PPP) in a sample of 15 Latin American countries. These countries share characteristics as high inflation, nominal shocks and trade openness which