Analysis of Purchasing power parity with data for Macedonia

Josheski, Dushko and Koteski, Cane (2011) Analysis of Purchasing power parity with data for Macedonia. International Finance e Journal,, 3 (120).

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Abstract

This paper examines PPP parity theory with data for Macedonia. We test the empirical consensus in this literature that real exchange rates tend towards PPP in the very long run, also we use co-integration Engle-Granger method and error correction mechanism. The hypothesis we test that PPP theory holds in long run in the case of Macedonia, and this hypothesis is proven to be true.

Item Type: Article
Subjects: Social Sciences > Economics and business
Social Sciences > Social and economic geography
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Cane Koteski
Date Deposited: 18 Nov 2012 21:18
Last Modified: 23 Jan 2013 08:53
URI: http://eprints.ugd.edu.mk/id/eprint/1092

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