An Empirical Study of the Purchasing Power Parity in the European Union

Santiago Rodriguez Feijoo (), Alejandro Rodriguez Caro and Carlos Gonzalez Correa ()

ERSA conference papers from European Regional Science Association

Abstract: This paper studies the convergence in the European Union on Purchasing Power Parity. Firstly, we develop a method for the estimation of PPP series and then, we put it into practice and estimate the monthly Purchasing Power Parity for the period January 1995 to July 2003. Secondly, convergence is studied using distribution dynamics from the continuous and discrete approximations. Results show some slow convergence in the European Union. Keywords: Purchasing Power Parity, Convergence, Distribution Dynamics, Markov Chains

Date: 2004-08
New Economics Papers: this item is included in nep-eec, nep-geo and nep-ifn
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa04p369

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