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- W67194080 abstract "Purchasing Power Parity is a very important equilibrium concept in macroeconomics. Although the concept of purchasing power parity equilibrium is widely used in the academic, public and business sector, the actual existence of purchasing power equilibrium between countries is widely debated. The continuous development of methods to analyse the properties of time series data has contributed to this debate. In this paper, the purchasing power parity equilibrium between South Africa and its major trading partners is tested with some of the recent methods to analyse whether time series data converges towards equilibrium. The conclusion that is reached is that a purchasing power parity equilibrium do exist in the long run, but that this equilibrium breaks down over the short run." @default.
- W67194080 created "2016-06-24" @default.
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- W67194080 date "2000-07-31" @default.
- W67194080 modified "2023-09-24" @default.
- W67194080 title "Purchasing Power Parity in the Long Run: An Empirical Re-Evaluation of the South African Evidence" @default.
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- W67194080 doi "https://doi.org/10.1080/03796205.2000.12129268" @default.
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