Purchasing power parity in Central and Eastern European countries.

Citation

Baharumshah, Ahmad Zubaidi and Borsic, Darja (2008) Purchasing power parity in Central and Eastern European countries. Economics Bulletin, 6 (32). pp. 1-8. ISSN 1545-2921

Abstract

This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries when the real exchange rate is based on US dollar (euro). Our empirical findings appear to support a long-run PPP in some of the transition countries that appears insensitive to the base country.

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Additional Metadata

Item Type:	Article
Divisions:	Faculty of Economics and Management
Publisher:	Economics Bulletin
Keywords:	SURADF; Purchasing power parity; Transition countries; Central and Eastern European countries.
Depositing User:	Emelda Mohd Hamid
Date Deposited:	18 Oct 2013 06:57
Last Modified:	04 Sep 2015 08:04
URI:	http://psasir.upm.edu.my/id/eprint/16392
Statistic Details:	View Download Statistic

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