Validity of purchasing power parity for selected Latin American countries: Linear and non-linear unit root tests

Validity of purchasing power parity for selected Latin American countries: Linear and non-linear unit root tests

The aim of this study is to examine empirically the validity of PPP in the context of unit root tests based on linear and non-linear models of the real effective exchange rate of Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. For this purpose, we apply the Harvey et al. (2008) linea...

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Bibliographic Details
Main Authors: Claudio Roberto Fóffano Vasconcelos, Luiz A. Lima Júnior
Format: Article
Language:English
Published: Elsevier 2016-01-01
Series:EconomiA
Subjects:
Purchasing power parity
Real effective exchange rate
Unit root
Online Access:http://www.sciencedirect.com/science/article/pii/S1517758015000430

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