Purchasing power parity in African countries: Evidence from panel suradf test

• Main Authors: Ahmad Zubaidi, Baharumshah, Evan, Lau, Mudziviri t., Nziramasanga
• Format: Article
• Language: English
• Published: Blackwell Publishing Ltd. 2010
• Subjects: HC Economic History and Conditions
• Online Access: http://ir.unimas.my/id/eprint/17827/1/PURCHASING%20POWER%20PARITY%20IN%20AFRICAN%20COUNTRIES%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/17827/; https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1813-6982.2010.01231.x

This study reexamines the validity of long-run purchasing power parity (PPP) hypothesis using a battery of panel unit root tests for 11 developing countries in Africa over the period 1980-2007. Based on the conventional panel unit root tests, we found evidence that the monthly real exchange rates in...