Purchasing power parity in African countries: evidence from panel SURADF test
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 i...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/16391/1/Purchasing%20power%20parity%20and%20efficiency%20of%20black%20market%20exchange%20rate%20in%20African%20countries.pdf http://psasir.upm.edu.my/id/eprint/16391/ http://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2010.01231.x/abstract |
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