Purchasing Power Parity for developing and developed countries what can we learn from non-stationary panel data models?

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong PPP...

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Bibliographische Detailangaben

1. Verfasser:	Drine, Imed (VerfasserIn)
Weitere Verfasser:	Rault, Christophe (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	Munich Univ., Center for Economic Studies u.a. 2008
Schriftenreihe:	CESifo working paper series; 2255 Monetary policy and international finance
Schlagworte:	Entwicklungsländer > Kaufkraftparität
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