Usted está aquí

Back to top

Colombian Purchasing Power Parity Analysed Using a Framework of Multivariate Cointegration

Peter
Rowland
Hugo
Oliveros
Domingo, 1 Junio 2003

This paper tests for purchasing power parity (PPP) between Colombia and its main trading partners using the Johansen framework of multivariate cointegration. The tests shows that PPP does not hold in the strong sense, but a clear purchasing power relation