Economics, Econometrics and Finance
4 years ago

Macedonia's Economy Set to Thrive with Proven Purchasing Power Parity

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RePEc: Research Papers in Economics
Analysis of Purchasing power parity with data for Macedonia
Dushko Josheski, Cane Koteski

Paper Summary

The article analyzes if the theory of Purchasing Power Parity (PPP) holds true for Macedonia. The researchers used data and a method called co-integration Engle-Granger to test this theory. They found that in the long run, real exchange rates in Macedonia do tend towards PPP, supporting the hypothesis that PPP theory holds true for the country.

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