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A Dynamic Equilibrium Model of Real Exchange Rates with General Transaction Costs
GOSWAMI, GAUTAM; SHRIKHANDE, MILIND; WU, LIUREN - 2002
We study the behavior of real exchange rates in a two-country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...
Persistent link: https://www.econbiz.de/10009440709
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Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?
Lothian, James R.; Taylor, Mark P. - 2003
power parity. …
Persistent link: https://www.econbiz.de/10009440727
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Impact of general purchasing power accounting on Greek accounts
Baralexis, Spyridon K. - 1989
ante through detailed restatement procedures and estimation techniques.It was found that inflation has a serious impact on …
Persistent link: https://www.econbiz.de/10009465869
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Confidence Intervals for Half-Life Deviations From Purchasing Power Parity
Rossi, Barbara - 2005
According to the Purchasing Power Parity {(PPP)} theory, real exchange rate fluctuations are mainly caused by … transitory shocks. The theory fits well one empirical feature of the data, namely the short-run volatility of real exchange rates …, the results show that the data are not inconsistent with the {PPP} theory, although we cannot provide conclusive evidence …
Persistent link: https://www.econbiz.de/10009475495
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Price, Output, and Exchange Rate Movements in the Open Economy
Kimbrough, K. P. - 1983
purchasing power parity are both substantial and persistent. Two explanations of these deviations have been advanced in the … literature. One emphasizes the role of changes in non-traded goods prices while the other views deviations from purchasing power … explanation of deviations from purchasing power parity — they may be necessary in order to facilitate the relative price changes …
Persistent link: https://www.econbiz.de/10009475591
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - 2005
rate model, namely: differences in the theoretical underpinnings; differences in the econometric estimation techniques; and …
Persistent link: https://www.econbiz.de/10009477512
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Real exchange rates in latin america: The ppp hypothesis and fractional integration
Caporale, GM - 2008
as a long-run equilibrium condition. Further, breaks in the series are endogenously determined using a procedure based on … disturbances, are in the majority of cases inconsistent with PPP, even more so when breaks are incorporated: Argentina is the only …
Persistent link: https://www.econbiz.de/10009481424
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Output and productivity performance of Hong Kong and Singapore?s transport and communications sector, 1990 to 2005
Lee, Boon L.; Shepherd, William - 2009
This paper uses the industry of origin approach to analyze value added and labor productivity outcomes arising from progressive liberalization of government and from statutory board control of transport and communications in Singapore. The paper compares these outcomes with those from the...
Persistent link: https://www.econbiz.de/10009483233
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Purchasing power parity in developing countries: Evidence from conventional and fractional cointegration tests
Arize, A. C.; Malindretos, John; Grivoyannis, Elias C. - 2004
This paper examines the long-run validity of purchasing power parity (PPP) for fourteen developing countries. The …
Persistent link: https://www.econbiz.de/10009441661
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A test of purchasing power parity: Asia Pacific and Latin America
Ho, Catherine S. F.; Ariff, Mohamed - 2009
method enables us to resolve a longstanding issue as to the veracity of Purchasing Power Parity (PPP). This paper presents …
Persistent link: https://www.econbiz.de/10009441758