PURCHASING POWER PARITY IN LESS-DEVELOPED AND TRANSITION ECONOMIES: A REVIEW PAPER

被引：43

作者：

Bahmani-Oskooee, Mohsen ^{[1
]}

Hegerty, Scott W. ^{[1
]}

机构：

[1] Univ Wisconsin, Milwaukee, WI 53201 USA

来源：

JOURNAL OF ECONOMIC SURVEYS | 2009年 / 23卷 / 04期

关键词：

LDCs; Purchasing power parity; Transition economies; REAL EXCHANGE-RATES; NONLINEAR MEAN-REVERSION; HIGH-INFLATION COUNTRIES; UNIT-ROOT TESTS; BLACK-MARKET; AFRICAN COUNTRIES; FOREIGN-EXCHANGE; RANDOM-WALK; PPP HOLD; COINTEGRATION;

D O I：

10.1111/j.1467-6419.2009.00574.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The concept of purchasing power parity (PPP) has been the subject of numerous studies, many of which have been unable to prove conclusively this core principle of international finance. Although industrialized countries have received most of the attention, studies that focus on less-developed and transition economies have also attained mixed results. This study surveys trends in this branch of the literature, highlighting the econometric advances that have sought to solve this puzzle, while pointing out that more needs to be done to address the reasons that might cause PPP not to hold.

引用

页码：617 / 658

页数：42

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