Reversion rate of deviations from purchasing power parity for Brazilian cities

Detalhes bibliográficos
Autor(a) principal: Felipe de Sousa Bastos
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Biblioteca Digital de Teses e Dissertações da UFC
Texto Completo: http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11362
Resumo: This work aims to provide non-biased estimates of the speed of reversion of deviations from the PPP for 11 Brazilian cities, between 1991 and 2013, using the methodology proposed by Choi, Mark and Sul (2006), which makes use of a panel estimation method with correction for three possible sources of bias, those being: the bias of inappropriate grouping of cross-section units with heterogeneous coefficients, the Nickell bias and the bias arising from the temporal aggregation of price indexes. The half-lives obtained are of the order of 4.41 and 3.18 years with Brazil and the Average as references, respectively, and median half-life of 3.13 years, when considering all Brazilian cities analyzed as the numeraire. The half-lives found were also substantially lower than those obtained for American cities. Furthermore, 33.33 % of the half-lives obtained were inferior to the consensus range suggested by Rogoff (1996) of 3-5 years, and none surpassed that range.
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spelling info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisReversion rate of deviations from purchasing power parity for Brazilian citiesVelocidade de reversÃo dos desvios da paridade do poder de compra para cidades brasileiras2014-01-17Roberto Tatiwa Ferreira41059689200http://lattes.cnpq.br/9723758439733361Luiz Ivan de Melo Castelar04506766334http://lattes.cnpq.br/8710490356999657Elano Ferreira Arruda00000000160http://lattes.cnpq.br/788671820281474503566302341Felipe de Sousa Bastos Universidade Federal do CearÃPrograma de PÃs-GraduaÃÃo em Economia - CAENUFCBRParidade do Poder de Compra Velocidade de ReversÃo ViÃs de Nickell ViÃs de AgregaÃÃo TemporalPurchasing Power Parity Speed of Reversion Nickell Bias Time Aggregation BiasCIENCIAS SOCIAIS APLICADASThis work aims to provide non-biased estimates of the speed of reversion of deviations from the PPP for 11 Brazilian cities, between 1991 and 2013, using the methodology proposed by Choi, Mark and Sul (2006), which makes use of a panel estimation method with correction for three possible sources of bias, those being: the bias of inappropriate grouping of cross-section units with heterogeneous coefficients, the Nickell bias and the bias arising from the temporal aggregation of price indexes. The half-lives obtained are of the order of 4.41 and 3.18 years with Brazil and the Average as references, respectively, and median half-life of 3.13 years, when considering all Brazilian cities analyzed as the numeraire. The half-lives found were also substantially lower than those obtained for American cities. Furthermore, 33.33 % of the half-lives obtained were inferior to the consensus range suggested by Rogoff (1996) of 3-5 years, and none surpassed that range.O presente estudo se propÃe a prover estimativas nÃo viesadas da velocidade de reversÃo dos desvios da PPC para 11 cidades brasileiras entre 1991 e 2013 atravÃs da metodologia proposta por Choi, Mark e Sul (2006) que usam um mÃtodo de estimaÃÃo em painel com correÃÃo para trÃs possÃveis fontes de viÃs, quais sejam, viÃs de agrupamento inapropriado de unidades cross-sections com coeficientes heterogÃneos, viÃs de Nickell e o viÃs oriundo da agregaÃÃo temporal dos Ãndices de preÃos. As meias-vidas obtidas sÃo da ordem de 4.41 e 3.18 anos tendo Brasil e MÃdia como referÃncia, respectivamente, e meia-vida mediana de 3.13 anos considerando todas as cidades brasileiras analisadas como numerÃrio. As meias-vidas encontradas tambÃm se mostraram substancialmente inferiores Ãquelas obtidas para as cidades americanas. AlÃm disso, 33.33% das meias-vidas aqui obtidas se mostraram inferiores ao intervalo consensual proposto por Rogoff (1996) de 3 a 5 anos, e nenhuma o ultrapassou.Conselho Nacional de Desenvolvimento CientÃfico e TecnolÃgicohttp://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11362application/pdfinfo:eu-repo/semantics/openAccessporreponame:Biblioteca Digital de Teses e Dissertações da UFCinstname:Universidade Federal do Cearáinstacron:UFC2019-01-21T11:24:32Zmail@mail.com -
dc.title.en.fl_str_mv Reversion rate of deviations from purchasing power parity for Brazilian cities
dc.title.alternative.pt.fl_str_mv Velocidade de reversÃo dos desvios da paridade do poder de compra para cidades brasileiras
title Reversion rate of deviations from purchasing power parity for Brazilian cities
spellingShingle Reversion rate of deviations from purchasing power parity for Brazilian cities
Felipe de Sousa Bastos
Paridade do Poder de Compra
Velocidade de ReversÃo
ViÃs de Nickell
ViÃs de AgregaÃÃo Temporal
Purchasing Power Parity
Speed of Reversion
Nickell Bias
Time Aggregation Bias
CIENCIAS SOCIAIS APLICADAS
title_short Reversion rate of deviations from purchasing power parity for Brazilian cities
title_full Reversion rate of deviations from purchasing power parity for Brazilian cities
title_fullStr Reversion rate of deviations from purchasing power parity for Brazilian cities
title_full_unstemmed Reversion rate of deviations from purchasing power parity for Brazilian cities
title_sort Reversion rate of deviations from purchasing power parity for Brazilian cities
author Felipe de Sousa Bastos
author_facet Felipe de Sousa Bastos
author_role author
dc.contributor.advisor1.fl_str_mv Roberto Tatiwa Ferreira
dc.contributor.advisor1ID.fl_str_mv 41059689200
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/9723758439733361
dc.contributor.referee1.fl_str_mv Luiz Ivan de Melo Castelar
dc.contributor.referee1ID.fl_str_mv 04506766334
dc.contributor.referee1Lattes.fl_str_mv http://lattes.cnpq.br/8710490356999657
dc.contributor.referee2.fl_str_mv Elano Ferreira Arruda
dc.contributor.referee2ID.fl_str_mv 00000000160
dc.contributor.referee2Lattes.fl_str_mv http://lattes.cnpq.br/7886718202814745
dc.contributor.authorID.fl_str_mv 03566302341
dc.contributor.author.fl_str_mv Felipe de Sousa Bastos
contributor_str_mv Roberto Tatiwa Ferreira
Luiz Ivan de Melo Castelar
Elano Ferreira Arruda
dc.subject.por.fl_str_mv Paridade do Poder de Compra
Velocidade de ReversÃo
ViÃs de Nickell
ViÃs de AgregaÃÃo Temporal
topic Paridade do Poder de Compra
Velocidade de ReversÃo
ViÃs de Nickell
ViÃs de AgregaÃÃo Temporal
Purchasing Power Parity
Speed of Reversion
Nickell Bias
Time Aggregation Bias
CIENCIAS SOCIAIS APLICADAS
dc.subject.eng.fl_str_mv Purchasing Power Parity
Speed of Reversion
Nickell Bias
Time Aggregation Bias
dc.subject.cnpq.fl_str_mv CIENCIAS SOCIAIS APLICADAS
dc.description.sponsorship.fl_txt_mv Conselho Nacional de Desenvolvimento CientÃfico e TecnolÃgico
dc.description.abstract.por.fl_txt_mv This work aims to provide non-biased estimates of the speed of reversion of deviations from the PPP for 11 Brazilian cities, between 1991 and 2013, using the methodology proposed by Choi, Mark and Sul (2006), which makes use of a panel estimation method with correction for three possible sources of bias, those being: the bias of inappropriate grouping of cross-section units with heterogeneous coefficients, the Nickell bias and the bias arising from the temporal aggregation of price indexes. The half-lives obtained are of the order of 4.41 and 3.18 years with Brazil and the Average as references, respectively, and median half-life of 3.13 years, when considering all Brazilian cities analyzed as the numeraire. The half-lives found were also substantially lower than those obtained for American cities. Furthermore, 33.33 % of the half-lives obtained were inferior to the consensus range suggested by Rogoff (1996) of 3-5 years, and none surpassed that range.
O presente estudo se propÃe a prover estimativas nÃo viesadas da velocidade de reversÃo dos desvios da PPC para 11 cidades brasileiras entre 1991 e 2013 atravÃs da metodologia proposta por Choi, Mark e Sul (2006) que usam um mÃtodo de estimaÃÃo em painel com correÃÃo para trÃs possÃveis fontes de viÃs, quais sejam, viÃs de agrupamento inapropriado de unidades cross-sections com coeficientes heterogÃneos, viÃs de Nickell e o viÃs oriundo da agregaÃÃo temporal dos Ãndices de preÃos. As meias-vidas obtidas sÃo da ordem de 4.41 e 3.18 anos tendo Brasil e MÃdia como referÃncia, respectivamente, e meia-vida mediana de 3.13 anos considerando todas as cidades brasileiras analisadas como numerÃrio. As meias-vidas encontradas tambÃm se mostraram substancialmente inferiores Ãquelas obtidas para as cidades americanas. AlÃm disso, 33.33% das meias-vidas aqui obtidas se mostraram inferiores ao intervalo consensual proposto por Rogoff (1996) de 3 a 5 anos, e nenhuma o ultrapassou.
description This work aims to provide non-biased estimates of the speed of reversion of deviations from the PPP for 11 Brazilian cities, between 1991 and 2013, using the methodology proposed by Choi, Mark and Sul (2006), which makes use of a panel estimation method with correction for three possible sources of bias, those being: the bias of inappropriate grouping of cross-section units with heterogeneous coefficients, the Nickell bias and the bias arising from the temporal aggregation of price indexes. The half-lives obtained are of the order of 4.41 and 3.18 years with Brazil and the Average as references, respectively, and median half-life of 3.13 years, when considering all Brazilian cities analyzed as the numeraire. The half-lives found were also substantially lower than those obtained for American cities. Furthermore, 33.33 % of the half-lives obtained were inferior to the consensus range suggested by Rogoff (1996) of 3-5 years, and none surpassed that range.
publishDate 2014
dc.date.issued.fl_str_mv 2014-01-17
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
status_str publishedVersion
format masterThesis
dc.identifier.uri.fl_str_mv http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11362
url http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11362
dc.language.iso.fl_str_mv por
language por
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Federal do CearÃ
dc.publisher.program.fl_str_mv Programa de PÃs-GraduaÃÃo em Economia - CAEN
dc.publisher.initials.fl_str_mv UFC
dc.publisher.country.fl_str_mv BR
publisher.none.fl_str_mv Universidade Federal do CearÃ
dc.source.none.fl_str_mv reponame:Biblioteca Digital de Teses e Dissertações da UFC
instname:Universidade Federal do Ceará
instacron:UFC
reponame_str Biblioteca Digital de Teses e Dissertações da UFC
collection Biblioteca Digital de Teses e Dissertações da UFC
instname_str Universidade Federal do Ceará
instacron_str UFC
institution UFC
repository.name.fl_str_mv -
repository.mail.fl_str_mv mail@mail.com
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