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 paper 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 weak support for PPP.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18081.
Date of creation: 01 Oct 2009
Date of revision:
purchasing power parity; nonlinear unit root;
Other versions of this item:
- Frederick Wallace, 2011. "Purchasing power parity in Mexico: a historical note," Applied Economics Letters, Taylor & Francis Journals, vol. 18(4), pages 349-352.
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-31 (All new papers)
- NEP-HIS-2009-10-31 (Business, Economic & Financial History)
- NEP-IFN-2009-10-31 (International Finance)
- NEP-OPM-2009-10-31 (Open Economy Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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