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

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)181-187
Number of pages7
JournalBulletin of Economic Research
Volume54
Issue number2
DOIs
Publication statusPublished - 2002 Jan 1
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Does the long-run PPP hypothesis hold for Africa? Evidence from a panel cointegration study'. Together they form a unique fingerprint.

  • Cite this