Boundi Chraki, FahdMateo Tomé, Juan Pablo2024-05-312024-05-312022-09-29Boundi-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.2022.322.828920185-166710.22201/fe.01851667p.2022.322.82892https://hdl.handle.net/20.500.14352/104626The 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.engAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/journal article2594-2360https://doi.org/10.22201/fe.01851667p.2022.322.82892open accessC22C23F31Purchasing power parityUnit rootsTime seriesPanel dataEconometría (Economía)Economía internacionalEstructura económica5302 Econometría5307.12 Teoría del Comercio Internacional53 Ciencias Económicas