Title: Testing purchasing power parity hypothesis for transition economies
Abstract: This study tests the PPP hypothesis for transition economies by using a panel approach. The results show that PPP holds for transition economies suggesting a half-life convergence of about one year. This study also compares the convergence rates for 'less open' and 'more open' transition countries. It is found that 'more open' transition economies converge faster than 'less open' transition economies.
Publication Year: 2006
Publication Date: 2006-04-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 39
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