Purchasing power parity in an emerging market economy: a long-span study for Chile

@inproceedings{Caldern2003PurchasingPP,
  title={Purchasing power parity in an emerging market economy: a long-span study for Chile},
  author={C{\'e}sar Calder{\'o}n and Roberto Duncan},
  year={2003}
}
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 Diaz, Luders and Wagner (2003). A battery of unit-root and cointegration tests is applied. We found evidence in favor of… CONTINUE READING

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