Cushman, D.O., MacDonald, R. and Samborsky, M. (2001) The law of one price for transitional Ukraine. Economics Letters, 73(2), pp. 251-256. (doi: 10.1016/S0165-1765(01)00495-5)
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Abstract
Five commodity prices in Kiev, Ukraine, are examined for their movements relative to US counterparts during Ukraine’s early transition period of 1991–1992. Panel unit root tests are applied to the resulting commodity real exchange rates. Although the law of one price did not hold during the period, the commodity real exchange rates appear to have possessed deterministic trends that were in the direction of closing the initial considerable price gap.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | MacDonald, Professor Ronald |
Authors: | Cushman, D.O., MacDonald, R., and Samborsky, M. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Economics Letters |
ISSN: | 0165-1765 |
Published Online: | 30 September 2001 |
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