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La paridad del poder de compra: una revisión crítica

Author

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  • Gómez, Mario

    (Profesor Investigador del Instituto de Investigaciones Económicas y Empresariales de la Universidad Michoacana)

Abstract

This paper makes an analysis of the literature on the international purchasing power parity (PPP). One explanation for not fulfilling the PPC is the Harrod-Balassa- Samuelson effect, as well as the presence of a structural change in the economy. The literature reveals that empirical results in favor of PPP improve when both advance econometric panel data methods are used and structural change effects are incorporated. However, empirical results on PPP are not conclusive.

Suggested Citation

  • Gómez, Mario, 2009. "La paridad del poder de compra: una revisión crítica," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(2), pages 89-112.
    • Handle: RePEc:ris:rnicee:0005
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    More about this item

    Keywords

    Purchasing power parity; prices; exchange rate; structural change.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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