Testing for nominal convergence in the Central American area: evidence from panel data unit-root tests

Jean-François Hoarau, Stéphane Blancard () and Philippe Jean-Pierre

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Abstract: Inflation convergence between the Central American Area and the United States is investigated using both recent homogeneous and heterogeneous panel data unit-root methods. Strong rejections of unit-root hypothesis are found, and therefore evidence of Purchasing Power Parity, in the Central American countries for the 1981:1–2005:4 period. Then by considering the nominal convergence criterion, the dollarization system seems to be suited to this region.

Keywords: Revue; AERES (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

Published in Applied Economics Letters, 2009, 16 (11), pp.1171--1174. ⟨10.1080/13504850701367148⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01243476

DOI: 10.1080/13504850701367148

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