Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

PURCHASING POWER PARITY DOCTRINE AN UNRESTRICTED COINTEGRATION TEST

PURCHASING POWER PARITY DOCTRINE AN UNRESTRICTED COINTEGRATION TEST The purchasing power parity hypothesis is investigated within a highly economically integrated set of nations, namely the European Monetary System. We use the PhillipsHansen Fully Modified Ordinary Least Squares procedure, which for the first time allows for an unrestricted cointegration test of the PPP doctrine. We sequentially test for the weak and strong form of PPP. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Studies in Economics and Finance Emerald Publishing

PURCHASING POWER PARITY DOCTRINE AN UNRESTRICTED COINTEGRATION TEST

Studies in Economics and Finance , Volume 16 (2): 24 – Jan 1, 1996

Loading next page...
 
/lp/emerald-publishing/purchasing-power-parity-doctrine-an-unrestricted-cointegration-test-9Ug1wVt0Dj
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1086-7376
DOI
10.1108/eb028720
Publisher site
See Article on Publisher Site

Abstract

The purchasing power parity hypothesis is investigated within a highly economically integrated set of nations, namely the European Monetary System. We use the PhillipsHansen Fully Modified Ordinary Least Squares procedure, which for the first time allows for an unrestricted cointegration test of the PPP doctrine. We sequentially test for the weak and strong form of PPP.

Journal

Studies in Economics and FinanceEmerald Publishing

Published: Jan 1, 1996

There are no references for this article.