VSE knjižnice (vzajemna bibliografsko-kataložna baza podatkov COBIB.SI)
  • Empirical evidence on purchasing power parity in two transition countries: the case of Slovenia and Hungary [Elektronski vir]
    Boršič, Darja ; Bekő, Jani
    This paper tests the theory of purchasing power parity for Slovenia and Hungary in comparison to their main trading partners by using monthly data. Results of unit root tests indicate that only the ... real exchange rate of the Hungarian forint to the Italian lira has proven to be stationary. Though some cointegration was found among the nominal exchange rates and selected consumer price indices, the theory of PPP could not be confirmed. The empirical work completed so far reveals that the underlying cause of real exchange rate appreciation in both transition countries stems from differences in relative productivity gains and from steady price increases due to insufficient competition in the nontradable sector.
    Vir: 23rd International Symposium on Banking and Monetary Economics [Elektronski vir] = 23èmes Journées Internationales d'Economie Monétaire et Bancaire, 22-23 Juin 2006, Lille, France (14 str.)
    Vrsta gradiva - prispevek na konferenci
    Leto - 2006
    Jezik - angleški
    COBISS.SI-ID - 8775708

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