Computer Science
5 years ago

Purchasing Power Parity Hypothesis Invalid for Ghana, Impacting Economic Stability

MPRA Paper
Is purchasing power parity hypothesis valid in Ghana? An empirical assessment
Samuel Yeboah Asuamah

Paper Summary

The study looked at whether the idea of Purchasing Power Parity holds true in Ghana from 1960 to 2013. They used tests to see if the real exchange rate in Ghana follows a certain pattern. The results show that the Purchasing Power Parity hypothesis does not apply to Ghana during this time period.

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