Colombian purchasing power parity analysed using a framework of multivariate cointegration

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Borradores de Economía; No. 252
Date published
2003-06-20
Date of last update
2003-06-20
Author
Rowland, Peter
Oliveros, Hugo
Document language
spa
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Abstract
This paper tests for purchasing power parity (PPP) between Colombia and its main trading partners using the Johansen framework of multivariate cointegration. The tests shows that PPP does not hold in the strong sense, but a clear purchasing power relation
JEL Codes
F34 - International Lending and Debt ProblemsC33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal ModelsF21 - International Investment; Long-Term Capital Movements
Keywords
Multivariate cointegration ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5270
https://hdl.handle.net/20.500.12134/5270
https://doi.org/10.32468/be.252
https://ideas.repec.org/p/bdr/borrec/252.html
https://ideas.repec.org/p/col/000094/002150.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit