Borderplex menu evidence for the law of one price: a convergence approach

被引：2
|
作者：
Bao, Yong [2 ]
Fullerton, Thomas M., Jr. [1 ]
Lien, Donald [3 ]
机构：
[1] Univ Texas El Paso, Dept Econ & Finance, El Paso, TX 79968 USA
[2] Temple Univ, Dept Econ, Philadelphia, PA 19122 USA
[3] Univ Texas San Antonio, Int Business Program, San Antonio, TX 78249 USA
来源：
APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 17期
基金：
美国国家科学基金会;
关键词：
UNIT-ROOT TESTS; PANEL-DATA;
D O I：
10.1080/13504850701675516
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A convergence approach is utilized to examine deviations from the law of one price. Sample data are menu prices for eight identical products sold by international restaurant franchises in Mexico and the United States. The results suggest mean reverting behaviour in real exchange rate movements in response to recent information.
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收藏
页码：1717 / 1720
页数：4
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