A Note on Purchasing Power Parity

• 영문명: A Note on Purchasing Power Parity
• 발행기관: 한국무역연구원
• 저자명: Yang Seung Lee
• 간행물 정보: 『무역연구』제10권 제5호, 159~178쪽, 전체 19쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2014.10.31

영문 초록

The validity of the theory of purchasing power parity (PPP) has been argued for a long time. Researches on the validity of PPP are continuously challenged. Generally speaking, PPP seems to hold in the long run, but does not hold in the short run because of the non-tradable goods or trade barriers. From this fact, we can infer that PPP might play a role in determining exchange rate. At this time, it should be pointed out that many researches have been done on PPP. There is a need for previous literature to be arranged to help future researchers. The fact is that some literature used time series data while others used panel data. Specific econometric methods have been used to find significant results. This note attempts to contribute to anticipating exchange rate.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Econometric Method for PPP Research

Ⅲ. Peridoic Categories

Ⅳ. PPP Research and Data

Ⅴ. Conclusion

References

키워드

PPP Exchange Rate Price Index Time Series Panel Data