Purchasing power parity in Central and Eastern European countries.
This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries...
| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Economics Bulletin
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/16392/ http://psasir.upm.edu.my/id/eprint/16392/1/Purchasing%20power%20parity%20in%20Central%20and%20Eastern%20European%20countries.pdf |
| _version_ | 1848842949488541696 |
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| author | Baharumshah, Ahmad Zubaidi Borsic, Darja |
| author_facet | Baharumshah, Ahmad Zubaidi Borsic, Darja |
| author_sort | Baharumshah, Ahmad Zubaidi |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the
seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries when the real exchange rate is based on US dollar (euro). Our empirical findings appear to support a long-run PPP in some of the transition countries that appears insensitive to the base country. |
| first_indexed | 2025-11-15T08:07:15Z |
| format | Article |
| id | upm-16392 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T08:07:15Z |
| publishDate | 2008 |
| publisher | Economics Bulletin |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-163922015-09-04T08:04:07Z http://psasir.upm.edu.my/id/eprint/16392/ Purchasing power parity in Central and Eastern European countries. Baharumshah, Ahmad Zubaidi Borsic, Darja This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries when the real exchange rate is based on US dollar (euro). Our empirical findings appear to support a long-run PPP in some of the transition countries that appears insensitive to the base country. Economics Bulletin 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/16392/1/Purchasing%20power%20parity%20in%20Central%20and%20Eastern%20European%20countries.pdf Baharumshah, Ahmad Zubaidi and Borsic, Darja (2008) Purchasing power parity in Central and Eastern European countries. Economics Bulletin, 6 (32). pp. 1-8. ISSN 1545-2921 English |
| spellingShingle | Baharumshah, Ahmad Zubaidi Borsic, Darja Purchasing power parity in Central and Eastern European countries. |
| title | Purchasing power parity in Central and Eastern European
countries. |
| title_full | Purchasing power parity in Central and Eastern European
countries. |
| title_fullStr | Purchasing power parity in Central and Eastern European
countries. |
| title_full_unstemmed | Purchasing power parity in Central and Eastern European
countries. |
| title_short | Purchasing power parity in Central and Eastern European
countries. |
| title_sort | purchasing power parity in central and eastern european
countries. |
| url | http://psasir.upm.edu.my/id/eprint/16392/ http://psasir.upm.edu.my/id/eprint/16392/1/Purchasing%20power%20parity%20in%20Central%20and%20Eastern%20European%20countries.pdf |