university of ibadan ugbebor testing purchasing power parity hypothesis nigerian foreign exchange markets测试尼利亚外汇市场力平价假说.pdf,TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR THE NIGERIAN FOREIGN E MARKETS O. Olabisi UGBEBOR Department of M
An increase in Mexican prices relative to the change in US prices (i.e., more rapid inflation in Mexico than in the US) will cause the dollar to appreciate and the peso to depreciate according to the purchasing power parity theory. ...
PDF 引用 收藏 摘要原文 Abstract The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (Oxford Bulletin of Economics and Statistics 61 (1999): Supplement, 653–670; Econometric Theory 20 (2004): 597–625) and generalized by Banerjee and Carrion...
(1967), The Purchasing-Power Parity Theory: In Defense of Gustav Cassel as a Modern Theorist,”Journal of Political Economy, LXXV, pp. 686–695. Google Scholar Kravis, I.B. and R.E. Lipsey (1978), “Price Behavior in the Light of Balance of Payments Theories,”Journal of International...
Purchasing power parity theory and the monetary approach to the balance of payments. De Economist 129, 41–57 (1981). https://doi.org/10.1007/BF01705867 Download citation Issue DateMarch 1981 DOIhttps://doi.org/10.1007/BF01705867 Keywords International Economic Public Finance Power Parity ...
In recent discussions it frequently occurs that the Purchasing Power Parity Theory is identified with Jevons law of one price. By pointing to real world obstacles working against perfect goods arbitrage it is then erroneously concluded that the Purchasing Power Parity Theory cannot be valid while a ...
Whether the purchasing power parity (PPP) theory of exchange rate determination holds for transition economies is an interesting question, given peculiar situations of transition economies. In this paper, we examine the real exchange rate for Croatia, a transition economy that has had some success in...
摘要: Using a Markov Chain Monte Carlo algorithm, we show that the exchange rates of the Baht and of the Won are explained by the purchasing power parity theory when we incorporate the facts that these currencies were doubly truncated.
内容提示: 27 B ANK OF C ANADA R EVIEW • A UTUMN 2002Purchasing-Power Parity:Definition, Measurement,and InterpretationRobert Lafrance and Lawrence Schembri, International Department• Theconcept ofpurchasing-power parity (PPP) hastwo applications: it was originally developed as atheory of ...
Purchasing power parity (PPP) is a theory of exchange rate determination. It asserts (in the most common form) that the exchange rate change between two currencies over any period of time is determined by the change in the two countries' relative price levels. Because the theory singles out ...