Social Sciences
4 years ago

Purchasing power parity proven in more OECD countries than thought!

RePEc: Research Papers in Economics
Purchasing power parity in OECD countries: nonlinear unit root tests revisited
Juan Carlos Cuestas, Paulo José Regis

Paper Summary

The article explores whether the idea of purchasing power parity holds true in OECD countries. By using specific tests, the researchers found that this theory is valid in more countries than previously believed.

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