Carrion-I-Silvestre, Josep LluIs; Barrio, Tomas Del; … - In: Applied Economics 36 (2004) 9, pp. 961-966
Evidence is provided on the PPP hypothesis using a sample of 50 Spanish cities for a long time period through the application of panel data unit root tests. Although results suggest non-rejection of the PPP, short-run deviations - as measured by half-lives - indicate that real factors might be...