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| Content Provider | Springer Nature Link |
|---|---|
| Author | Kahn, Brian Parikh, Ashok |
| Copyright Year | 1998 |
| Abstract | Does Purchasing Power Parity Survive Political Shocks in South Africa? — The objectives of the paper are to examine the Purchasing Power Parity (PPP) hypothesis for the South African economy during the period 1975–1994 using high-frequency data. The analysis is conducted both for the entire period and also for different subperiods in order to take into account possible structural changes. For the rand/ dollar exchange rate, the authors find on the basis of a unique long-run cointegrating relationship that there is significant evidence supporting the PPP hypothesis for the entire period. The use of nonlinear least squares and Johansen-Juselius procedures is made to reach the above conclusion.Hat die Kaufkraftparität auch den politischen Schocks in Südafrika widerstanden? — Die Verfasser untersuchen die Kaufkraftparitäten-Hypothese für die südafrikanische Wirtschaft während der Zeit 1975–1994 unter Verwendung von Daten für kurze Zeiteinheiten. Die Analyse wird sowohl für die ganze Periode durchgeführt als auch für verschiedene Teilperioden, um mögliche Strukturänderungen berücksichtigen zu können. Für den Rand/Dollar-Kurs finden die Verfasser auf der Grundlage einer eindeutigen langfristigen Kointegrationsbeziehung, daß es signifikante Anzeichen zugunsten der Kaufkraftparitäten-Hypothese für die ganze Periode gibt. Dieses Ergebnis stützt sich auf die Methode der nichtlinearen kleinsten Quadrate und das Verfahren von Johansen und Juselius. |
| Starting Page | 99 |
| Ending Page | 116 |
| Page Count | 18 |
| File Format | |
| ISSN | 00432636 |
| Journal | Weltwirtschaftliches Archiv |
| Volume Number | 134 |
| Issue Number | 1 |
| e-ISSN | 16102886 |
| Language | English |
| Publisher | Springer-Verlag |
| Publisher Date | 1998-01-01 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | International Economics Economics general |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business, Management and Accounting |
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