Purchasing power parity in Mexico: a historical note
AbstractPurchasing power parity has been the subject of many empirical studies. Much of this work has focused on recent history in developed countries. This article reports results of tests for nonlinear, mean reversion of the real exchange rate for a less-developed country, Mexico, using a previously unexploited data set of monthly observations for 1930-1960. The test results provide limited support for Purchasing Power Parity (PPP).
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 18 (2011)
Issue (Month): 4 ()
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Other versions of this item:
- Wallace, Frederick, 2009. "Purchasing power parity in Mexico: a historical note," MPRA Paper 18081, University Library of Munich, Germany.
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
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