| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3348 |
| DP3348 Decentralizing the Stochastic Growth Model | |
| Jean-Pierre Danthine; John B Donaldson | |
| 发表日期 | 2002-04-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Using multivariate unit root test methods, this Paper investigates the Purchasing Power Parity (PPP) hypothesis at the sectoral level across six European countries over the last seventeen years. Evidence of mean reversion toward PPP is found for the relative prices of some sectors and countries. Mean reversion in relative prices is explained by cross-country and cross-sectoral characteristics such as the distance between countries, nominal exchange rate volatility, differences in GDP per capita, non-tariff barriers, research and development, advertising, industrial concentration and tradability of the products. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Ppp Loop Multivariate unit root tests Persistence Mean reversion |
| URL | https://cepr.org/publications/dp3348 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532370 |
| 推荐引用方式 GB/T 7714 | Jean-Pierre Danthine,John B Donaldson. DP3348 Decentralizing the Stochastic Growth Model. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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