Does the Long-Run Ppp Hypothesis Hold for Africa? : Evidence From Panel Co-Integration Study /

This paper addresses whether parallel market exchange rates in Africa behave in the long run in a manner consistent with the purchasing power parity (PPP) hypothesis. A recent econometric method, the panel co-integration test, enables us to examine the long-run PPP hypothesis by pooling the time-ser...

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書目詳細資料
主要作者: Nagayasu, Jun
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1998.
叢編:IMF Working Papers; Working Paper ; No. 1998/123
在線閱讀:Full text available on IMF
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245 1 0 |a Does the Long-Run Ppp Hypothesis Hold for Africa? :   |b Evidence From Panel Co-Integration Study /  |c Jun Nagayasu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper addresses whether parallel market exchange rates in Africa behave in the long run in a manner consistent with the purchasing power parity (PPP) hypothesis. A recent econometric method, the panel co-integration test, enables us to examine the long-run PPP hypothesis by pooling the time-series data of several countries. This approach is particularly useful when analyzing African countries, which often do not have long time series. Using pooled data for 16 African countries, the study concludes that the behavior of parallel market exchange rates in Africa is consistent with the long-run PPP hypothesis. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/123 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/123/001.1998.issue-123-en.xml  |z IMF e-Library