Pregled bibliografske jedinice broj: 480734
Purchasing Power Parity in CEE and Post-War Former Yugoslav States
Purchasing Power Parity in CEE and Post-War Former Yugoslav States // Finance a úvěr-Czech Journal of Economics and Finance, 60 (2010), 3; 213-225 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 480734 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Purchasing Power Parity in CEE and Post-War Former Yugoslav States
Autori
Sonora, Robert ; Tica, Josip
Izvornik
Finance a úvěr-Czech Journal of Economics and Finance (0015-1920) 60
(2010), 3;
213-225
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
purchasing power parity ; economic integration ; panel unit root tests
Sažetak
In this paper we investigate purchasing power parity in the CEE and post-war former Yugoslav countries during the EU integration process in 1994–2006. This work stems from longer-term tests of real exchange rate convergence in the former Yugoslavia. This period is of interest on two fronts: first, it investigates real exchange dynamics in the aftermath of a war financed in part through seigniorage ; and second, we investigate the level of economic integration with the European Union following the breakup of the former Yugoslavia. Given the short-run nature of the available data we use both univariate and panel unit root tests with and without structural breaks. The results suggest that there is statistical evidence that real exchange rates between the eight transition countries and Germany are stationary when breaks are accounted for. Given the size of nominal shocks in the region, particularly in the early 1990s, estimates indicate that convergence to the long-run equilibrium is relatively quick.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
067-0671447-2494 - Analiza učinkovitosti gospodarskog rasta (Družić, Ivo, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Zagreb
Profili:
Josip Tica
(autor)
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit