A century and a half of purchasing power Parity in Brazil - 1861-2011 a cointegration analysis with structural breaks

Unidades Organizacionais

Resumo

This work tests the validity of the purchasing power parity hypothesis in its absolute and relative versions for the Brazilian case through the period 1861-2011. For this purpose, after testing for the existence of unit root under the occurrence of structural breaks, cointegration tests have been carried out, with the inclusion of dummy variables to account for it. The results so obtained might imply, in one hand, the rejection of the absolute version of the purchasing power parity hypothesis, and at the other, the non rejection of its relative version.

Palavras-chave

PPP; Cointegration; Structural break

Titulo de periódico

Anais do Fórum Mackenzie de Liberdade Econômica

Título de Livro

URL na Scopus

Idioma

Português

Notas

Membros da banca

Área do Conhecimento CNPQ

CIENCIAS SOCIAIS APLICADAS::ECONOMIA

CIENCIAS SOCIAIS APLICADAS::ECONOMIA::TEORIA ECONOMICA::HISTORIA ECONOMICA

Citação

Avaliação

Revisão

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Referenciado Por