Pariedad del poder adquisitivo:cointegración y cambios estructurales
- Morales Zumaquero, Amalia
- Peruga Urrea, Rodrigo
ISSN: 2341-2356
Argitalpen urtea: 1999
Zenbakia: 5
Orrialdeak: 1-53
Mota: Laneko dokumentua
Beste argitalpen batzuk: Documentos de Trabajo (ICAE)
Laburpena
The aims of this paper are three. The first one, to analyze the cointegration relation between nominal exchange rate and international relative prices. We require not only the cointegration tests significance but the relation parameter significance with the right sing. It would support the Purchasing Power Parity (PPP) hypothesis. The second one, to examine the instability evidence and the subsamples cointegration. The third aim is to reach some global coclusions. If we provide evidence in favor of PPP using cointegration and estructural changes, the results of this paper will differentiate quite from the previous papers.