Purchasing power parity: some 'long run' evidence from the recent float

MacDonald, R. (1988) Purchasing power parity: some 'long run' evidence from the recent float. De Economist, 136(2), pp. 239-252. (doi:10.1007/BF01238623)

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Abstract

In this paper the absolute and relative versions of purchasing power parity (ppp) are tested using annual data (over the period 1973–1985) for 5 countries. In contrast to much of the literature on ppp, evidence in favour of the ppp hypothesis is reported, particularly when a wholesale price index is used. A novel feature of the approach is the use of a pooled cross section-time series analysis.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:MacDonald, Professor Ronald
Authors: MacDonald, R.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:De Economist
Publisher:Kluwer Academic Publishers
ISSN:0013-063X
ISSN (Online):1572-9982

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