RT Journal Article
T1 The purchasing power parity hypothesis tested once again: new empirical evidence for 28 OECD countries
A1 Boundi Chraki, Fahd
A1 Mateo Tomé, Juan Pablo
AB The present study is aimed at examining the validity of the purchasing power parity hypothesis for 28 OECD countries over the period 1960Q1-2021Q4. To reach this goal, we apply three methods evaluating whether the real exchange rates are stationary: The traditional unit root tests in time series, the panel unit root tests, and nonlinear unit root tests based on OLS and GLS detrending. The findings suggest that the purchasing power parity hypothesis does not hold even if the assessment considers nonlinear adjustment.
PB Universidad Nacional Autónoma de México
SN 0185-1667
YR 2022
FD 2022-09-29
LK https://hdl.handle.net/20.500.14352/104626
UL https://hdl.handle.net/20.500.14352/104626
LA eng
NO Boundi-Chraki, F., & Mateo Tomé, J. P. (2022). The purchasing power parity hypothesis tested once again. New empirical evidence for 28 OECD Countries. Investigación Económica, 81(322), 3–26. https://doi.org/10.22201/fe.01851667p.2022.322.82892
DS Docta Complutense
RD 11 abr 2025