Testing for nominal convergence in the Central American area: evidence from panel data unit-root tests

被引：2

作者：

Hoarau, Jean-Francois

Blancard, Stephane

Jean-Pierre, Philippe

机构：

[1] Faculty of Law and Economics, University of La Reunion, La Reunion

[2] INRA-CESAER, ENESAD

来源：

APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 11期

关键词：

PURCHASING POWER PARITY;

D O I：

10.1080/13504850701367148

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Inflation convergence between the Central American Area and the United States is investigated using both recent homogeneous and heterogeneous panel data unit-root methods. Strong rejections of unit-root hypothesis are found, and therefore evidence of Purchasing Power Parity, in the Central American countries for the 1981:1-2005:4 period. Then by considering the nominal convergence criterion, the dollarization system seems to be suited to this region.

引用

页码：1171 / 1174

页数：4

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