Colombian purchasing power parity analysed using a framework of multivariate cointegration
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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Banco de la República
2003
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5270 |
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oai:RI-BanRep:20.500.12134-52702019-04-16T16:11:02Z Colombian purchasing power parity analysed using a framework of multivariate cointegration Rowland, Peter Oliveros, Hugo C33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Models F34 - International Lending and Debt Problems F21 - International Investment; Long-Term Capital Movements Multivariate cointegration Cambio exterior -- Colombia -- 1980-2004 Paridad del poder de compra -- Colombia -- 1980-2004 Cointegración Cointegración de Johansen C33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio F21 - Inversión internacional; Movimientos de capital a largo plazo F34 - Préstamos internacionales y problemas relacionados con la deuda externa 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 2003-06-20 2003-06-20 Working Paper Documentos de trabajo Published Version http://repositorio.banrep.gov.co/handle/20.500.12134/5270 http://hdl.handle.net/20.500.12134/5270 spa Documentos de Trabajo Borradores de Economía Borradores de Economía; No. 252 https://ideas.repec.org/p/bdr/borrec/252.html https://ideas.repec.org/p/col/000094/002150.html Open Access https://creativecommons.org/licenses/by-nc-sa/4.0/ Acceso abierto Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 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. PDF application/pdf image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Bogotá Banco de la República |
institution |
Repositorio Institucional del Banco de la República de Colombia |
collection |
DSpace |
language |
Español (Spanish) |
topic |
C33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Models F34 - International Lending and Debt Problems F21 - International Investment; Long-Term Capital Movements Multivariate cointegration Cambio exterior -- Colombia -- 1980-2004 Paridad del poder de compra -- Colombia -- 1980-2004 Cointegración Cointegración de Johansen C33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio F21 - Inversión internacional; Movimientos de capital a largo plazo F34 - Préstamos internacionales y problemas relacionados con la deuda externa |
spellingShingle |
C33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Models F34 - International Lending and Debt Problems F21 - International Investment; Long-Term Capital Movements Multivariate cointegration Cambio exterior -- Colombia -- 1980-2004 Paridad del poder de compra -- Colombia -- 1980-2004 Cointegración Cointegración de Johansen C33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio F21 - Inversión internacional; Movimientos de capital a largo plazo F34 - Préstamos internacionales y problemas relacionados con la deuda externa Rowland, Peter Oliveros, Hugo Colombian purchasing power parity analysed using a framework of multivariate cointegration |
description |
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 |
format |
Documento de trabajo (Working Paper) |
author |
Rowland, Peter Oliveros, Hugo |
author_facet |
Rowland, Peter Oliveros, Hugo |
author_sort |
Rowland, Peter |
title |
Colombian purchasing power parity analysed using a framework of multivariate cointegration |
title_short |
Colombian purchasing power parity analysed using a framework of multivariate cointegration |
title_full |
Colombian purchasing power parity analysed using a framework of multivariate cointegration |
title_fullStr |
Colombian purchasing power parity analysed using a framework of multivariate cointegration |
title_full_unstemmed |
Colombian purchasing power parity analysed using a framework of multivariate cointegration |
title_sort |
colombian purchasing power parity analysed using a framework of multivariate cointegration |
publisher |
Banco de la República |
publishDate |
2003 |
url |
http://repositorio.banrep.gov.co/handle/20.500.12134/5270 |
_version_ |
1637302609687609344 |
score |
12,131701 |