Purchasing power parity for 10 Latin American integration association countries: panel SURKSS tests

Tsangyao Chang, Wen-Chi Liu, Chin-Ping Yu and Shuchen Kang

Applied Economics Letters, 2010, vol. 17, issue 16, 1575-1580

Abstract: This empirical study applies panel SURKSS tests, proposed by Wu and Lee (2009), to investigate the properties of long-run Purchasing Power Parity (PPP) in a sample of 10 Latin American Integration Association (LAIA) countries over the period January 1980 to September 2008. The empirical results from several panel-based unit root tests indicate that PPP does not hold for the LAIA-10 countries under study; however, panel SURKSS tests indicate that PPP is valid for half of these LAIA-10 countries. These results have important policy implications for these LAIA-10 countries under study.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:17:y:2010:i:16:p:1575-1580

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DOI: 10.1080/13504850903049668

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