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SSRN Electronic Journal
Article . 2011 . Peer-reviewed
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Analysis of Purchasing Power Parity with Data for Macedonia

Authors: Josheski, Dushko; Koteski, Cane;

Analysis of Purchasing Power Parity with Data for Macedonia

Abstract

This paper examines PPP parity theory with data for Macedonia. We test the empirical consensus in this literature that real exchange rates tend towards PPP in the very long run, also we use co-integration Engle-Granger method and error correction mechanism. The hypothesis we test that PPP theory holds in long run in the case of Macedonia, and this hypothesis is proven to be true.

Countries
Germany, Former Yugoslav Republic of Macedonia
Related Organizations
Keywords

G0 - General, Economics and business, Social and economic geography, PPP, Exchange rate, Co-integration, unit root, stationarity, E0 - General, jel: jel:G0, jel: jel:E0

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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bronze