Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 42 for “"Purchasing Power Parity"”.
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Tests of purchasing power parity
… tests to investigate the thesis that relative purchasing power parity exists as a long-run equilibrium condition between country-pairs. It expands upon tests for relative purchasing power parity suggested by previous authors by pretesting price index time series for structural breaks, in …
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New panel unit root and cointegration tests of purchasing power parity
Purchasing Power parity (PPP) is one of the most investigated topics in international finance. The empirical analysis on PPP in the 1980s and 1990s relied on univariate tests such as Dickey Fuller and Augmented Dickey Fuller and cointegration tests. The empirical evidence from these methodologies …
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Purchasing power parity and Reserve Bank intervention in the foreign exchange market
This paper tests the behaviour of the PPP relationship in South Africa between 1993 and 2003 using cointegration techniques. The period under review is divided into two sub-phases. The first, from January 1993 to May 1998, encompasses the changing political situation and the initial effects of …
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Essays in financial economics : terror, consumption, and investment, currency options and liquidity premium, and purchasing power parity
This thesis is composed of three chapters, each includes one paper. The first chapter includes a paper that analyses the impact of terror on consumption and investment. This paper provides evidence on how consumers and investors react to terror attacks based on a new database from the …
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The Law of One Price and Virtual Worlds
Price convergence and purchasing power parity are two important foundations to international trade theory. Yet there is still no consensus on their existence, despite numerous studies. While the debate over price convergence and purchasing power parity continues, the last several years have seen a …
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Does the Relative Price of Non-Traded Goods Contribute to the Short-Term Volatility in the U.S./Canada Real Exchange Rate? A Stochastic Coefficient Estimation Approach
… goods in each of the two countries. I test for purchasing power parity in each of the two components of the model and address the question of volatility through the examination of the time profile of the respective coefficient estimates. The empirical results support the conclusion that the …
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The current experience of flexible exchange rates: empirical evidence for ten industrial countries
The theories of Purchasing Power Parity and the monetary approach to the exchange rate were empirically tested for ten industrial countries over the sample period March 1973 through June 1978. Purchasing Power Parity (PPP) was held to represent the long-run equilibrium exchange rate, and the PPP …
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Export growth, economic growth and real exchange rate in Indonesia
… it is stationary by looking at the theory of purchasing power parity. The nonrejection of the purchasing power parity hypothesis implies stationarity of the real exchange rate; 5) Finally, we examine whether the real exchange rate of Indonesia and that of its trading partners share a common …
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A portfolio analysis based on the leverage effect of exchange rates on JSE stocks
… future exchange rate expectations vis-a.-vis purchasing power parity (PPP).
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Structural breaks and outliers detection in time-series econometrics: Methods and applications
… be used in practice. In Chapter 4, we tackle the purchasing power parity puzzle developing a robust estimator for the half-life of the real exchange rate. Specifically, we propose to identify outlying observations by means of a dummy saturation type algorithm designed for ARMA processes which …
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PPP, UIP and Fisher parity: speculation or rational expectations? Evidence for four Latin American countries
… (REH) where three key relations will be tested: Purchasing Power Parity (PPP), Uncovered Interest Rate Parity (UIP) and the Fisher Parity condition. The second model follows the line of thought of Imperfect Knowledge Economics (IKE) where two equilibrium relations will be tested. According to …
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Retail prices and the real exchange rate
… for a basket of countries to investigate the Purchasing Power Parity relationship, exchange rate pass-throughs and the effect of price shocks on nominal exchange rates. We fit a structural VAR model on exchange rate and relative price data to compute impulse responses for each country. We find …
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Essays on international parity conditions
… thesis brings together a collection of essays on parity conditions in international economics: covered interest parity: covered interest parity: purchasing power parity and real interest parity. While each essay is an independent study of a particular problem area, there exists a common theme in …
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Namibia and the common monetary area : costs, benefits and choices
… theory of optimum criteria points generalised purchasing power parity hypothesis, time inconsistency and the issue of nominal anchor as criteria for optimum currency area. Elimination of transaction costs, savings on foreign exchange reserves, reduction of exchange rate uncertainty are …
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International Advertising and the Use of the Sex Appeal: Acceptance of Sex Appeal in China
… in the world after the U.S., measured on a purchasing power parity basis" (World Factbook, 2002). China is a strong business partner with the U.S.; 21% of China's exports come to the U.S. and China makes up 8.9% of U.S. imports (World Factbook, 2002).</p> <p>To influence Chinese consumers to …
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Best practices for the sustainable scaleup of lighting technologies in bottom of the pyramid communities
… annual incomes are US $3000 or less (in local purchasing power parity). The best practices are derived from a comparative analysis of two heuristic case studies profiling entrepreneurs based in southern India, who have successfully scaled up lighting technologies in BOP communities. Also …
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Of energy and the economy : theory and evidence for their functional relationship
… currency. Thus, energy prices satisfy the purchasing power parity. For all but one country, the half life of the real energy exchange rate is less than a year and as low as six months, shorter than those derived by other real exchange rate measures. Second, considering energy a cross-time …
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Essays on Carry Trade and Exchange Rate Forecasting
… suggested by Taylor rule, monetary and purchasing power parity models with that factor. I nd evidence of short term predictability of bilateral exchange rates between 1991 and 2012 with factor augmented macro fundamentals.
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Essays in international finance
… The first essay tests the validity of long-run Purchasing Power Parity (PPP) in two panels of real exchange rates for 13 OECD countries (1989:07-2012:11, 1989:07-2006:12). Three panel unit root tests are applied, one that assumes cross-sectional independence, one that accounts for …
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Currency risk and imperfect knowledge: Cointegrated VAR analyses with survey data
… covariance with consumption, and deviation from Purchasing Power Parity respectively. The strongest support is found for the Keynes-IKE gap model. The analysis of this model is then extended in chapter 4 to the I(2) CVAR framework, which is a unique empirical approach designed to account for data …
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