Borradores de Economia
Número:
564
Publicado:
Clasificación JEL:
C22, F31, F40, N70
Palabras clave:
Purchasing power parity, unit root test, structural change, Balassa-Samuelson effect
Lo más reciente
Jhorland Ayala-García, Yesica Tatiana Lara-Silva, Alejandro Alberto Vargas-Villamil, Lina Romero-Chaparro
Jesús Alonso Botero-García, Ligia Alba Melo-Becerra, Cristian Castrillón Gaviria, Daniela Gallo
Daniel Esteban Osorio-Rodríguez
This paper provides evidence of long run purchasing power parity by performing a recently developed method to test for unit roots in the presence of structural breaks. Data consist of real exchange rate series for 20 countries including developed and deve