Purchasing Power Parity in Central and East European Countries

2009-09-01articleEastern European Economics40 citationsclosed

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Abstract

This paper analyzes the validity of purchasing power parity (PPP) across twelve Central and Eastern European countries (CEECs). PPP is tested through linear and nonlinear unit root tests. The results suggest that when structural changes and nonlinearities are accounted for, the PPP hypothesis is supported for the CEECs.

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References

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