Purchasing power parity in Mexico: a historical note

Frederick Wallace

MPRA Paper from University Library of Munich, Germany

Abstract: Purchasing power parity has been the subject of many empirical studies. Much of this work has focused on recent history in developed countries. This paper reports results of tests for nonlinear, mean reversion of the real exchange rate for a less-developed country, Mexico, using a previously unexploited data set of monthly observations for 1930-1960. The test results provide weak support for PPP.

Keywords: purchasing power parity; nonlinear unit root (search for similar items in EconPapers)
JEL-codes: C20 F31 (search for similar items in EconPapers)
Date: 2009-10-01
New Economics Papers: this item is included in nep-his, nep-ifn and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18081

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