Ahmad Zubaidi Baharumshah (Author), Jani Bekő (Author), Darja Boršič (Author)

Abstract

The empirical record on PPP tests for transition economies is far from being so opulent as it is for the developed market economies. This paper attempts to fill this gap by scrutinizing the theory of PPP on a sample of Central and Eastern European economies. The paper has two main advances with respect to previous PPP studies. First, it employs a monthly data base on real exchange rates for a panel of 12 Central and Eastern European economies by testing the theory separately with respect to US dollar and with respect to Euro. Second, we utilise a panel unit root test that involves the estimation of the ADF regression in a SUR framework. Since our study found support for the validity of PPP in some reforming European economies, special attention should be devoted to individual country-specific factors that cause PPP deviations.

Keywords

tečaj;valuta;devizni tečaji;makroekonomija;pariteta;kupna moč denarja;kupna moč;

Data

Language: English
Year of publishing:
Typology: 1.08 - Published Scientific Conference Contribution
Organization: UM EPF - Faculty of Economics and Business
UDC: 339.743
COBISS: 10765852 Link will open in a new window
ISSN: Y507-0651
Views: 734
Downloads: 126
Average score: 0 (0 votes)
Metadata: JSON JSON-RDF JSON-LD TURTLE N-TRIPLES XML RDFA MICRODATA DC-XML DC-RDF RDF

Other data

Secondary language: Slovenian
Secondary keywords: pariteta kupne moči;realni menjalni tečaj;test stacionarnosti;tečaj;valuta;devizni tečaji;makroekonomija;pariteta;kupna moč denarja;kupna moč;
URN: URN:SI:UM:
Type (COBISS): Scientific work
Pages: Str. 184-193
ID: 10850525