20.500.12556/DKUM-92751 Purchasing power parity in B5 countries how important are tourism prices This chapter examines the PPP hypothesis in five Balkan countries (B5). The current analysis incorporates four important novelties. First, from a methodological standpoint, the PPP is scrutinized by a range of first-gener­ation and second-generation panel unit root tests. Additionally, three pan­el cointegration tests are performed: the Pedroni residual cointegration test, the Kao residual cointegration test and the Johansen Fisher cointegration test. Second, the study utilizes two price indicators: the consumer price index for hotels and restaurants and the general consumer price index. Third, the PPP proposition for the Balkan economies is inspected using a new, updated data set covering the period from January 2006 to December 2023. Fourth, two nu­meraire currencies, the euro and the USD, are operated to assess the validity of exchange rate parity conditions. The econometric results provide resolute support for the PPP concept in the group of B5 countries. panel unit root tests panel cointegration tests tourism sector consumer price indices for hotels and restaurants true false true Association of Economists and Managers of the Balkans; Faculty of Tourism and Hospitality Angleški jezik Angleški jezik Znanstveno delo 2025-05-10 03:09:39 2025-07-14 12:37:42 2025-08-29 12:00:30 0000-00-00 00:00:00 2024 0 0 str. 61-91 0000-00-00 Zaloznikova Objavljeno bcpc 2024-02-16 2024-07-01 0000-00-00 338.48 152888329 210663683 10.31410/tmt.2023-2024.61 https://www.udekom.org.rs/tmt2023-202461.html 1 7303a33c-2d3b-11f0-8d08-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=190849 Purchasing_Power_Parity_in_B5_Countries.pdf Purchasing_Power_Parity_in_B5_Countries.pdf 1 B74094650CEE9A4978F3D1AB05BEBA3B 85c1adb73a7e28249c20890e76367dea6a600f74e4f5a57a4b7b1fff56f27708 49bae008-609e-11f0-a62e-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=193573 Ekonomsko-poslovna fakulteta 0 0 0