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

2003-06-20

Authors

Rowland, Peter
Oliveros, Hugo

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Document language

spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

C33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Models

Temática

Keywords

Keywords

Multivariate cointegration

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URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5270
 https://hdl.handle.net/20.500.12134/5270
 https://ideas.repec.org/p/bdr/borrec/252.html
 https://doi.org/10.32468/be.252

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