Purchasing Power Parity in selected Latin American Countries

Bal Harun (), Ball? Esra () and Manga Müge ()
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Bal Harun: Çukurova University
Ball? Esra: Çukurova University
Manga Müge: Çukurova University

No 2804508, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The Purchasing Power Parity hypothesis has important policy implications for countries. Therefore it is important to determine the validity of the Purchasing Power Parity. This study investigates the validity of the long run Purchasing Power Parity for selected Latin American countries, in a sample of 4 countries, namely, Brazil, Colombia, Chili and Mexico utilizing Panel unit root tests using monthly data from the period of January 2000 to December 2014. The results show Purchasing Power Parity holds for the selected Latin American Countries. The results show that PPP can be used to determine the equilibrium exchange rate for Brazil, Colombia, Chili and Mexico under this study.

Keywords: Purchasing Power Parity; Panel unit root tests; Latin American Countries (search for similar items in EconPapers)
JEL-codes: C23 F31 (search for similar items in EconPapers)
Pages: 1 page
Date: 2015-10
New Economics Papers: this item is included in nep-lam and nep-opm
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Published in Proceedings of the Proceedings of the 19th International Academic Conference, Florence, Oct 2015, pages 313-313

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:2804508

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