Purchasing Power Parity in Central and East European Countries
Erdinç Telatar and
Mübariz Hasanov
Eastern European Economics, 2009, vol. 47, issue 5, 25-41
Abstract:
This paper analyzes the validity of purchasing power parity (PPP) across twelve Central and Eastern European countries (CEECs). PPP is tested through linear and nonlinear unit root tests. The results suggest that when structural changes and nonlinearities are accounted for, the PPP hypothesis is supported for the CEECs.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:mes:eaeuec:v:47:y:2009:i:5:p:25-41
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