2026-06-28T15:19:51Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/1046262025-03-18T14:49:15Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense
author
Boundi Chraki, Fahd
author
Mateo Tomé, Juan Pablo
2024-05-31T07:35:23Z
2024-05-31T07:35:23Z
2022-09-29
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
0185-1667
10.22201/fe.01851667p.2022.322.82892
https://hdl.handle.net/20.500.14352/104626
2594-2360
https://doi.org/10.22201/fe.01851667p.2022.322.82892
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.
eng
Attribution-NonCommercial-NoDerivatives 4.0 International
The purchasing power parity hypothesis tested once again: new empirical evidence for 28 OECD countries
journal article
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