An Alternative Test of Purchasing Power Parity

Frederick Wallace and Gary L. Shelley
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Gary L. Shelley: East Tennessee State University

International Finance from University Library of Munich, Germany

Abstract: The long-horizon approach of Fisher and Seater (1993) is applied to the data developed by Taylor (2002) to test for purchasing power parity (PPP). Even after accounting for the low power of the test, the evidence is generally supportive of PPP.

Keywords: Purchasing power parity; Fisher-Seater test (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2005-02-14
Note: Type of Document - doc; pages: 12. 12 pages, MS Word (2003) file
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Related works:
Journal Article: An alternative test of purchasing power parity (2006)
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