Darja Boršič (Author), Jani Bekő (Author)

Abstract

In this paper we test the theory of purchasing power parity for the Czech Republic and Slovenia in comparison to Austria, Germany, France and Italy by employing data from January 1992 to December 2001. Results of unit root tests indicate that the eight time series of the real exchange rates of the koruna and the tolar are integrated of order one. Though some cointegration was found among the nominal exchange rates and selected consumer price indices, the presented results do not support the theory of purchasing power parity in any of the two observed economies.

Keywords

Slovenija;Češka;primerjave;tranzicija;tečaj;valuta;devizni tečaji;

Data

Language: English
Year of publishing:
Typology: 1.01 - Original Scientific Article
Organization: UM EPF - Faculty of Economics and Business
Publisher: Društvo ekonomistov Maribor
UDC: 339.743(437.1/.2:497.4)
COBISS: 9037084 Link will open in a new window
ISSN: 0547-3101
Parent publication: Naše gospodarstvo
Views: 743
Downloads: 40
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Other data

Secondary language: Slovenian
Secondary title: Pariteta kupne moči na Češkem in v Sloveniji: empirično preverjanje
Secondary abstract: V tem prispevku preverjamo teorijo paritete kupne moči na Češkem in v Sloveniji v primerjavi z Avstrijo, Nemčijo, Francijo in Italijo na osnovi podatkov od januarja 1992 do decembra 2001. Rezultati testov enotnega korena so pokazali, da je vseh osem časovnih vrst realnega deviznega tečaja krone in tolarja integriranih prvega reda. Čeprav smo dokazali kointegracijo med nominalnimi deviznimi tečaji in indeksi cen življenjskih potrebščin, dobljeni rezultati ne potrjujejo teorije paritete kupne moči.
URN: URN:NBN:SI
Type (COBISS): Not categorized
Pages: str. 48-54
Volume: ǂLetn. ǂ53
Issue: ǂšt. ǂ1/2
Chronology: 2007
ID: 1738469