This paper investigates the validity of Purchasing Power Parity utilizing Fourier unit root tests for the period of
2000m1-2015m2 for Brazil, Chile, Colombia and Mexico. The findings show that the Purchasing Power Parity is valid
in Brazil and Colombia in case of considering structural breaks. Additionally, Purchasing Power Parity holds for all
countries in case of structural breaks and nonlinearity.
Purchasing power parity hypothesis Structural breaks Fourier series
Birincil Dil | İngilizce |
---|---|
Bölüm | Araştırma Makaleleri |
Yazarlar | |
Yayımlanma Tarihi | 30 Aralık 2016 |
Gönderilme Tarihi | 1 Haziran 2016 |
Yayımlandığı Sayı | Yıl 2016 Cilt: 20 Sayı: 2 |