Purchasing power parity in an emerging market economy: a long-span study for Chile

Author	dc.contributor.author	Calderón, César
Author	dc.contributor.author	Duncan, Roberto	es_CL
Admission date	dc.date.accessioned	2010-11-19T16:57:06Z
Available date	dc.date.available	2010-11-19T16:57:06Z
Publication date	dc.date.issued	2003-06
Cita de ítem	dc.identifier.citation	Estudios de economía. Vol.30 No. 1 Junio 2003 Pags. 103-132	en_US
Identifier	dc.identifier.uri	https://repositorio.uchile.cl/handle/2250/127799
Abstract	dc.description.abstract	Recent research has found evidence that supports the purchasing power parity (PPP) condition in developed countries using very long-span data, while evidence for developing countries is almost nonexistent. This paper tries to fulfill this void by testing the validity of PPP as a long run equilibrium condition for Chile, using data, since its birth as a nation, developed by Díaz, Lüders and Wagner (2003). A battery of unit-root and cointegration tests is applied. We found evidence in favor of PPP. Results are robust to changes in the domestic price index, to changes in the sample period, and to the econometric technique applied.	en_US
Lenguage	dc.language.iso	en	en_US
Publisher	dc.publisher	Universidad de Chile. Facultad de Economía y Negocios	en_US
Keywords	dc.subject	Purchasing power parity	en_US
Título	dc.title	Purchasing power parity in an emerging market economy: a long-span study for Chile	en_US
Document type	dc.type	Artículo de revista