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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