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Title:Integration prospects of Central and East European countries from the purchasing power parity perspective
Authors:ID Boršič, Darja (Author)
ID Bekő, Jani (Author)
ID Baharumshah, Ahmad Zubaidi (Author)
Files:URL http://www.adelaide.edu.au/moneyasia/papers/DBorsic.pdf
 
Language:English
Work type:Unknown
Typology:1.08 - Published Scientific Conference Contribution
Organization:EPF - Faculty of Business and Economics
Abstract:After presenting the macroeconomic conditions in the group of 13 Central and East European countries and consequently their integration progress thus far, we proceed with testing of the purchasing power parity theory. By covering the period from January 1992 to December 2006, the standard unit root tests, SURADF methodology and time series cointegration analysis are employed on USD and European exchange rate series. The standard unit root tests applied fail to prove stationarity of the real exchange rate series. Although cointegration was found among nominal exchange rates and selected consumer price indices, the theory of purchasing power parity could not be confirmed for any of the advanced transition countries. Because the results from SURADF estimations support the theory in some countries of our sample clearly more research is required on factors that explain the behaviour of prices and exchange rates in the observed economies.
Year of publishing:2008
PID:20.500.12556/DKUM-23487 New window
UDC:336.74
COBISS.SI-ID:9645852 New window
NUK URN:URN:SI:UM:DK:VJ1VJS1E
Publication date in DKUM:28.05.2012
Views:2060
Downloads:22
Metadata:XML DC-XML DC-RDF
Categories:Misc.
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Secondary language

Language:English
Keywords:Evropa, pariteta, kupna moč, kupna moč denarja


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