Middle East Countries Show Strong Evidence of Purchasing Power Parity Integration
The study looked at whether the prices of goods in Jordan and some other Middle Eastern countries are related. They found that the exchange rates and prices in these countries are connected in the long term. This means that when prices get out of balance, exchange rates change to bring things back to normal. So, the Purchasing Power Parity model seems to work in the long run, showing that Jordan's economy is linked with these other countries.