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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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1998.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1998/123 |
| 在线阅读: | Full text available on IMF |