Purchasing power parity in an emerging market economy: a long- span study for Chile
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Purchasing power parity in an emerging market economy: a long- span study for Chile
| dc.creator | Calderón, César | |
| dc.creator | Duncan, Roberto | |
| dc.date | 2016-05-06 | |
| dc.date.accessioned | 2019-04-02T13:58:39Z | |
| dc.date.available | 2019-04-02T13:58:39Z | |
| dc.identifier | https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40846 | |
| dc.identifier.uri | http://revistaschilenas.uchile.cl/handle/2250/2774 | |
| dc.description | Recent research has found evidence that supports the purchasing power parity (PPP) condition in developed countries using very long-span data, while evidence for developing countries is almost nonexistent. This paper tries to fulfill this void by testing the validity of PPP as a long run equilibrium condition for Chile, using data, since its birth as a nation, developed by Díaz, Lüders and Wagner (2003). A battery of unit-root and cointegration tests is applied. We found evidence in favor of PPP. Results are robust to changes in the domestic price index, to changes in the sample period, and to the econometric technique applied. | en-US |
| dc.description | Recientes investigaciones han encontrado evidencia a favor de la condición de paridad de poder de compra (PPC) en países desarrollados usando muy larga data, sin embargo en países en desarrollo la evidencia casi no existe. Este artículo intenta llenar ese vacío evaluando la validez de largo plazo de la PPC para Chile desde 1810, usando data de Díaz, Lüders y Wagner (2003). Aplicamos una batería de tests de raíz unitaria y cointegración encontrando evidencia a favor de PPC. Los resultados son robustos a diferentes índices de precios, tamaño de muestra y especificaciones de tests. | es-ES |
| dc.format | text/html | |
| dc.language | eng | |
| dc.publisher | Departamento de Economía - Facultad de Economía y Negocios, Universidad de Chile. | en-US |
| dc.relation | https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40846/43521 | |
| dc.source | Estudios de Economía; Vol 30 No 1 (2003): June; pp. 103-132 | en-US |
| dc.source | Estudios de Economía; Vol 30 No 1 (2003): June; pp. 103-132 | es-ES |
| dc.source | 0718-5286 | |
| dc.source | 0304-2758 | |
| dc.title | Purchasing power parity in an emerging market economy: a long- span study for Chile | en-US |
| dc.title | fr-CA | |
| dc.title | Purchasing power parity in an emerging market economy: a long- span study for Chile | es-ES |
| dc.type | info:eu-repo/semantics/article | |
| dc.type | info:eu-repo/semantics/publishedVersion |
This item appears in the following Collection(s)
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Estudios de Economía
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