Journalartikel

Jahr der Veröffentlichung: 1999

Seiten: 437-453

Zeitschrift: Review of World Economics

Bandnummer: 135

Heftnummer: 3

ISSN: 0043-2636

DOI Link: https://doi.org/10.1007/BF02707334

Verlag: Springer

Abstract: 
Pitfalls in Panel Tests of Purchasing Power Parity. - The results of panel unit root tests applied to real exchange rates as a test of long-run purchasing power parity (PPP) diverge much. In particular, due to misspecifications there is little evidence of the convergence of real exchange rates for the German mark. This paper provides evidence of this issue by analyzing large panels of real exchange rates vis-g-vis the German mark and the dollar. In particular, the impact of the base country and various aspects of the dynamic specifications are analyzed. Overall? the results provide strong evidence in favour of PPP as a long-run relationship.

Harvard-Zitierstil: Anker, P. (1999) Pitfalls in panel tests of purchasing power parity, Weltwirtschaftliches Archiv = Review of world economics, 135(3), pp. 437-453. https://doi.org/10.1007/BF02707334

APA-Zitierstil: Anker, P. (1999). Pitfalls in panel tests of purchasing power parity. Weltwirtschaftliches Archiv = Review of world economics. 135(3), 437-453. https://doi.org/10.1007/BF02707334