Does the long-run PPP hypothesis hold for Africa? Evidence from a panel cointegration study

Jun Nagayasu

doi:10.1111/1467-8586.00146

Does the long-run PPP hypothesis hold for Africa? Evidence from a panel cointegration study

Jun Nagayasu

Research output: Contribution to journal › Article

23 Citations (Scopus)

Abstract

The long-run purchasing power parity (PPP) concept is empirically studied using the parallel market exchange rates of 17 African countries and employing the panel cointegration method. This approach is particularly useful when analysing African countries, which do not have long time-series. This paper presents results that support the weak-form of the long-run PPP hypothesis in Africa, which does not require a homogeneity restriction on prices.

Original language	English
Pages (from-to)	181-187
Number of pages	7
Journal	Bulletin of Economic Research
Volume	54
Issue number	2
DOIs	https://doi.org/10.1111/1467-8586.00146
Publication status	Published - 2002 Jan 1
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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Nagayasu, J. (2002). Does the long-run PPP hypothesis hold for Africa? Evidence from a panel cointegration study. Bulletin of Economic Research, 54(2), 181-187. https://doi.org/10.1111/1467-8586.00146

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