Análisis de la paridad del poder de compra: evidencia empírica entre México y Estados Unidos

Mario Gómez Aguirre and José Carlos A. Rodríguez Chávez
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Mario Gómez Aguirre: Universidad Michoacana de San Nicolás de Hidalgo
José Carlos A. Rodríguez Chávez: Universidad Michoacana de San Nicolás de Hidalgo

Estudios Económicos, 2012, vol. 27, issue 1, 169-207

Abstract: This paper analyzes evidence on Purchasing Power Parity between Mexico and the United States, as well as the causal link between relative prices and exchange rate (1957-2010). We use a unit root test that allows for two structural changes and two tests of causality. The results indicate that the PPP between Mexico and the United States is validated, reflecting the integration and price convergence of the two economies to a very rapid rate. In addition, the exchange rate follows the behavior of relative prices of both countries.

Keywords: purchasing power parity; exchange rate; structural change; prices; causality (search for similar items in EconPapers)
JEL-codes: C20 E31 F31 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:27:y:2012:i:1:p:169-207

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