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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Dettagli Bibliografici
Autore principale: Nagayasu, Jun
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1998.
Serie:IMF Working Papers; Working Paper ; No. 1998/123
Accesso online:Full text available on IMF