Testing purchasing power parity hypothesis for transition economies

• Autores: Ebru Guven Solakoglu
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 16, Nº. 7, 2006, págs. 561-568
• Idioma: inglés
• DOI: 10.1080/09603100500426531
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• Resumen

  • This study tests the PPP hypothesis for transition economies by using a panel approach. The results show that PPP holds for transition economies suggesting a half-life convergence of about one year. This study also compares the convergence rates for �less open� and �more open� transition countries. It is found that �more open� transition economies converge faster than �less open� transition economies.