Paridad del poder adquisitivo:mecanismos de corrección del error e inestabilidad paramétrica
- Morales Zumaquero, Amalia
- Peruga Urrea, Rodrigo
ISSN: 2341-2356
Ano de publicación: 1999
Número: 6
Páxinas: 1-46
Tipo: Documento de traballo
Outras publicacións en: Documentos de Trabajo (ICAE)
Resumo
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.