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| Jean-François Hoarau |
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| ''Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks'' |
| ( 2008, Vol. 6 No.21 ) |
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| The new panel data stationary test with multiple structural breaks developed by Carrion-i-Silvestre, Del Barrio-Castro and Lopez-Bazo (2005) is used along with standard stationary tests to study the long-run PPP hypothesis in a set of six Central American countries for the period 1976:1-2006:4. Contrary to standard tests, this new procedure provides strong support for PPP. |
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| Keywords: |
JEL: F3 - International Finance: General
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| Manuscript Received : Jan 19 2008 | | Manuscript Accepted : May 19 2008 |
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