Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks - Université de La Réunion
Journal Articles Economics Bulletin Year : 2008

Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks

Jean-François Hoarau
Centre d'Économie et de Management de l'Océan Indien

Abstract

The new panel data stationary test with multiple structural breaks developed by Carrion-i-Silvestre, Del Barrio-Castro and Lopez-Bazo (2005) is used along with standard stationary tests to study the long-run PPP hypothesis in a set of six Central American countries for the period 1976:1-2006:4. Contrary to standard tests, this new procedure provides strong support for PPP.

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Revue AERES

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Economics and Finance

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https://hal.univ-reunion.fr/hal-01243481

Submitted on : Tuesday, December 15, 2015-7:38:12 AM

Last modification on : Sunday, June 26, 2022-12:53:46 AM

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hal-01243481 , version 1 (15-12-2015)

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  • HAL Id : hal-01243481 , version 1

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Jean-François Hoarau. Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks. Economics Bulletin, 2008, 6 (21), pp.1--5. ⟨hal-01243481⟩

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