Paridad del poder adquisitivo en el tipo de cambio argentino (peso/dólar)

Authors

  • Néstor Adrián Le Clech

Keywords:

JEL: F31

Abstract

The article develops for the Argentine case the model of the determination of the exchange rate known as "Purchasing Power Parity" (PPP), adopting as reference the exchange rate with the US dollar. The PPP hypothesis is analyzed utilizing annual data from 1948 through 2006. A bivariate and trivariate model of cointegration is employed, and an error correction mechanism is used in order to estimate the adjustment velocity towards PPP. Positive evidence is found favorable to cointegration and we verify the PPP hypothesis in its absolute version. Moreover, we note that the average velocity of adjustment is around 3 years.

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Published

2007-12-30

How to Cite

Le Clech, N. A. (2007). Paridad del poder adquisitivo en el tipo de cambio argentino (peso/dólar). Económica, 53, p. 101–125. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/5498

Issue

Vol. 53 (2007)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.