Purchasing power parity in African countries: Evidence from panel suradf test
This study reexamines the validity of long-run purchasing power parity (PPP) hypothesis using a battery of panel unit root tests for 11 developing countries in Africa over the period 1980-2007. Based on the conventional panel unit root tests, we found evidence that the monthly real exchange rates in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing Ltd.
2010
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17827/ http://ir.unimas.my/id/eprint/17827/1/PURCHASING%20POWER%20PARITY%20IN%20AFRICAN%20COUNTRIES%20%28abstract%29.pdf |