Purchasing power parity revisited: null of cointegration approach

Swarna Dutt

Applied Economics Letters, 1998, vol. 5, issue 9, 573-575

Abstract: This paper undertakes a study of the Purchasing Power Parity doctrine as a long run equilibrium condition among a highly economically integrated set of nations, namely members of the European Monetary System (EMS). Here we examine the bivariate cointegration properties of the intra-EMS spot exchange rate series and their price ratios, using the modern null of cointegration approach. Our results support the parity hypothesis within the union.

Date: 1998
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:5:y:1998:i:9:p:573-575

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/758529502

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().