Paridad del poder adquisitivo:mecanismos de corrección del error e inestabilidad paramétrica
- Morales Zumaquero, Amalia
- Peruga Urrea, Rodrigo
ISSN: 2341-2356
Année de publication: 1999
Número: 6
Pages: 1-46
Type: Working Paper
D'autres publications dans: Documentos de Trabajo (ICAE)
Résumé
This paper examines the behavior of Purchasing Power Parity (PPP) using Error Correction Models (ECM). We distinguish four different objectives: firstly, this paper examines what variable or variables exhibit a significant error correction mechanisms. In addition, this paper shows empirical evidence about the velociy of adjustment lo the long run equlibrium. On the other hand, it examines the adjustment coefficient stability and, finally, it analyses if the behavior of traded sectors and non-trade sectors is different.