IDEAS home Printed from https://ideas.repec.org/a/bla/opecrv/v31y2007i4p249-260.html
   My bibliography  Save this article

Testing the purchasing power parity in oil‐exporting countries

Author

Listed:
  • Mohsen Mehrara

Abstract

Using panel unit root and panel cointegration tests, we investigate the purchasing power parity (PPP) for oil‐exporting countries. In addition, we also employ a seemingly unrelated regression estimator to account for possible cross‐sectional effect. The test results overwhelmingly reject the weak and strong versions of PPP hypothesis. It seems that the Dutch disease and repeated episodes of booms and busts in oil prices transmitted to the real exchange rate have made oil‐dependent countries so apt to non‐stationary real exchange rate.

Suggested Citation

  • Mohsen Mehrara, 2007. "Testing the purchasing power parity in oil‐exporting countries," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 31(4), pages 249-260, December.
    • Handle: RePEc:bla:opecrv:v:31:y:2007:i:4:p:249-260
    DOI: 10.1111/j.1468-0076.2007.00186.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0076.2007.00186.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0076.2007.00186.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shahbaz, Muhammad & Shafiullah, Muhammad & Khalid, Usman & Song, Malin, 2020. "A nonparametric analysis of energy environmental Kuznets Curve in Chinese Provinces," Energy Economics, Elsevier, vol. 89(C).
    2. Saboori, Behnaz & Sulaiman, Jamalludin, 2013. "Environmental degradation, economic growth and energy consumption: Evidence of the environmental Kuznets curve in Malaysia," Energy Policy, Elsevier, vol. 60(C), pages 892-905.
    3. Mario Gómez Aguirre & José Carlos A. Rodríguez Chávez, 2012. "Análisis de la paridad del poder de compra: evidencia empírica entre México y Estados Unidos," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 27(1), pages 169-207.
    4. Manzoor, Davood & Haqiqi, Iman & Aghababaei, Mohammad, 2012. "Modeling Dutch Disease in the Economy of Iran: A Computable General Equilibrium Approach," MPRA Paper 95821, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:opecrv:v:31:y:2007:i:4:p:249-260. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291753-0237 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.