On the purchasing power parity for Latin-American countries
Autor(a) principal: | |
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Data de Publicação: | 2010 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/6656 |
Resumo: | The purpose of this paper is to test the hypothesis of long-run purchasing power parity (PPP) for all Latin American countries. These countries share similar economic history and contagious effects from currency crises, which might lead to comovements in their real exchange rates. New time series unit root tests found evidence of PPP for the vast majority of countries. In the panel data framework, tests for the null of unit root, null of stationarity, and unit root under multiple structural breaks indicated stationary real exchange rates. Thus, there is convincing evidence that PPP holds for Latin-American countries in the post-1980 period. |
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Amor Divino, José Ângelo Costa doAndrade, Joaquim Pinto deTeles, Vladimir KühlEscolas::EESP2010-06-01T20:49:55Z2010-06-01T20:49:55Z2010-06-01http://hdl.handle.net/10438/6656The purpose of this paper is to test the hypothesis of long-run purchasing power parity (PPP) for all Latin American countries. These countries share similar economic history and contagious effects from currency crises, which might lead to comovements in their real exchange rates. New time series unit root tests found evidence of PPP for the vast majority of countries. In the panel data framework, tests for the null of unit root, null of stationarity, and unit root under multiple structural breaks indicated stationary real exchange rates. Thus, there is convincing evidence that PPP holds for Latin-American countries in the post-1980 period.engTextos para Discussão;227Purchasing power parityPanel dataUnit root testsLatin AmericaEconomiaEconomiaOn the purchasing power parity for Latin-American countriesinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTD 227 - Vladimir K. Teles.pdfTD 227 - Vladimir K. Teles.pdfapplication/pdf268161https://repositorio.fgv.br/bitstreams/cf2f58b0-16e8-4d02-af40-dbbe4324e997/downloadec9e6c38d50eea751963a480fb14d57eMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84712https://repositorio.fgv.br/bitstreams/21494833-e499-4a76-a30d-2f090acea90a/download4dea6f7333914d9740702a2deb2db217MD52TEXTTD 227 - Vladimir K. Teles.pdf.txtTD 227 - Vladimir K. 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dc.title.eng.fl_str_mv |
On the purchasing power parity for Latin-American countries |
title |
On the purchasing power parity for Latin-American countries |
spellingShingle |
On the purchasing power parity for Latin-American countries Amor Divino, José Ângelo Costa do Purchasing power parity Panel data Unit root tests Latin America Economia Economia |
title_short |
On the purchasing power parity for Latin-American countries |
title_full |
On the purchasing power parity for Latin-American countries |
title_fullStr |
On the purchasing power parity for Latin-American countries |
title_full_unstemmed |
On the purchasing power parity for Latin-American countries |
title_sort |
On the purchasing power parity for Latin-American countries |
author |
Amor Divino, José Ângelo Costa do |
author_facet |
Amor Divino, José Ângelo Costa do Andrade, Joaquim Pinto de Teles, Vladimir Kühl |
author_role |
author |
author2 |
Andrade, Joaquim Pinto de Teles, Vladimir Kühl |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EESP |
dc.contributor.author.fl_str_mv |
Amor Divino, José Ângelo Costa do Andrade, Joaquim Pinto de Teles, Vladimir Kühl |
dc.subject.eng.fl_str_mv |
Purchasing power parity Panel data Unit root tests Latin America |
topic |
Purchasing power parity Panel data Unit root tests Latin America Economia Economia |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
The purpose of this paper is to test the hypothesis of long-run purchasing power parity (PPP) for all Latin American countries. These countries share similar economic history and contagious effects from currency crises, which might lead to comovements in their real exchange rates. New time series unit root tests found evidence of PPP for the vast majority of countries. In the panel data framework, tests for the null of unit root, null of stationarity, and unit root under multiple structural breaks indicated stationary real exchange rates. Thus, there is convincing evidence that PPP holds for Latin-American countries in the post-1980 period. |
publishDate |
2010 |
dc.date.accessioned.fl_str_mv |
2010-06-01T20:49:55Z |
dc.date.available.fl_str_mv |
2010-06-01T20:49:55Z |
dc.date.issued.fl_str_mv |
2010-06-01 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
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article |
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http://hdl.handle.net/10438/6656 |
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http://hdl.handle.net/10438/6656 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.relation.ispartofseries.por.fl_str_mv |
Textos para Discussão;227 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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