This study tests the validity of the purchasing power parity (PPP) theory using a panel of ten Arab countries. It also measures the speed of convergence for the panel and for the Gulf Cooperation Council (GCC), including Bahrain, Kuwait, Qatar, Saudi Arabia and United Arab Emirates which ...
For example, in 2005 the price of a gallon of gasoline in Saudi Arabia was USD 0.91, and in Norway the price was USD 6.27.[9] The significant differences in price wouldn't contribute to accuracy in a PPP analysis, despite all of the variables that contribute to the significant differences...
while Russia is not the world’s largest oil producer, it is the largest oil exporter, surpassing even Saudi Arabia. The same is true of many other basic products, such as wheat, the world’s most important food crop,
🇸🇦 Saudi Arabia: $2.39 trillion 🇪🇬 Egypt: $1.92 trillion 🇮🇷 Iran: $1.81 trillion 🇵🇱 Poland: $1.79 trillion 🇦🇺 Australia: $1.78 trillion 🇵🇰 Pakistan: $1.64 trillion 🇳🇬 Nigeria: $1.44 trillion 🇦🇷 Argentina: $1.3 trillion 🇦🇪 UAE: $952 billion ...
We re-examine the validity of Purchasing Power Parity (PPP) from the panel nonlinear point of view and provide robust evidence clearly indicating that PPP holds true for four countries, namely Angola, Indonesia, Iran and Saudi Arabia. Our findings point out their exchange rate adjustment is mean...
Using the Purchasing Power Parity (PPP) model, we empirically identify that the currency of Saudi Arabia, Kuwait and Qatar at most of the time are overvalued while Bahrain and Oman are on the opposite. The study also shows that ... U Osman,T Sarmidi - 《Jurnal Antarabangsa Kajian Asia Ba...
Rank Country GDP (purchasing power parity) Date of Information 1 World $ 69,490,000,000,000 2008 est. 2 European Union $ 14,820,000,000,000 2008 est ...
1. Purchasing power parity in major OPEC countries: flexible Fourier stationary test [J] . Chi-Wei Su, Yu-Shao Liu, Meng-Nan Zhu, Applied economics letters . 2012,第1a3期 机译:欧佩克主要国家/地区的购买力平价:灵活的傅立叶固定检验 2. Flexible Fourier stationary test in purchasing power ...
This paper tests the validity of Purchasing Power Parity (PPP) doctrine for Ghana using the conventional relative PPP equation. We conducted a univariate Augmented Dickey-Fuller unit root test on the model variables. Exchange rate and CPI data for Ghana and the USA were collected on annual basis...
We examine the validity of PPP from the nonlinear point of view and provide robust evidence that clearly indicates that PPP holds true for six countries, namely Algeria, Angola, Indonesia, Kuwait, Nigeria and Saudi Arabia. Our findings point out their exchange rate adjustment mean-reverts towards...