A COINTEGRATION BASED ANALYSIS OF IRISH PURCHASING POWER PARITY RELATIONSHIPS USING THE JOHANSEN PROCEDURE

被引：0
|
作者：
WRIGHT, JH
机构：
来源：
ECONOMIC AND SOCIAL REVIEW | 1994年 / 25卷 / 03期
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暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Empirical work has found little evidence for purchasing power parity, specified as a long-run co-integrating relationship between Ireland and trading partners. Using Irish/UK and Irish/German data, we find evidence for such co-integration if and only if the system is augmented by short interest rates. We use the Johansen procedure for estimation and inference on the augmented co-integrating system.
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页码：261 / 278
页数：18
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