Pregled bibliografske jedinice broj: 496081
Purchasing power parity in a transition country: the case of Croatia
Purchasing power parity in a transition country: the case of Croatia // Comparative economic studies, 53 (2011), 2; 223-238 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 496081 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Purchasing power parity in a transition country: the case of Croatia
Autori
Tkalec, Marina ; Vizek, Maruška
Izvornik
Comparative economic studies (0888-7233) 53
(2011), 2;
223-238
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
purchasing power parity ; cointegration ; threshold adjustment ; Croatia
Sažetak
We explore the validity of the purchasing power parity (PPP) hypothesis in the case of Croatia. Two cointegration methods were used: Johansen cointegration that assumes symmetry and threshold cointegration that allows for asymmetric adjustment in the short run. The results suggest that in the long run the absolute power parity condition holds, that is, that the exchange rate is aligned with the fundamentals and no depreciation is needed. The error correction model does not confirm the existence of exchange rate pass-through to domestic consumer prices. Threshold cointegration results suggest that the adjustment of deviations from PPP is not asymmetric.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
002-0022469-2470 - Makroekonomska konvergencija Republike Hrvatske Europskoj uniji (Lovrinčević, Željko, MZOS ) ( CroRIS)
Ustanove:
Ekonomski institut, Zagreb
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Emerging Sources Citation Index (ESCI)
- Scopus
- EconLit
Uključenost u ostale bibliografske baze podataka::
- EconLit
- IBSS - The International Bibliography of the Social Sciences
- International Bibliography of the Social Sciences (IBSS)
