New evidence of the validity of purchasing power parity from Jordan

Most empirical studies on purchasing power parity (PPP) have focused on developed countries rather than developing countries. This study tests PPP in Jordan. Different unit root tests and three different base countries are used to determine if the validity of PPP is influenced by the type of test an...

Full description

Saved in:
Bibliographic Details
Published in:Applied economics letters 2006-05, Vol.13 (6), p.379-383
Main Author: Abumustafa, Naser I
Format: Article
Language:English
Subjects:
Applied economics
Econometrics
Economic analysis
Economic models
International monetary relations
Jordan
Purchasing power parity
Studies
Time series
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Most empirical studies on purchasing power parity (PPP) have focused on developed countries rather than developing countries. This study tests PPP in Jordan. Different unit root tests and three different base countries are used to determine if the validity of PPP is influenced by the type of test and/or the base country. The results show that PPP in Jordan is not sensitive to the choice of base country but is influenced by test type.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504850600639084