Testes de cointegração da paridade do poder de compra para a economia brasileira: 1870-1906

Authors

  • Flávio M. Menezes The University of Queensland
  • Marcelo Resende Universidade Federal do Rio de Janeiro - Brasil

DOI:

https://doi.org/10.11606/1980-53572613fmmr

Keywords:

cointegration, non tradeable goods, purchasing power parity

Abstract

This paper aims at empirically testing the validity of the purchasing power parity (PPP) hypothesis for the Brazilian economy along the period 1870-1906; at that period, the economy could be characterisad by a flexible exchange rate regime and by the relative importance of the tradeable goods sector. However, the integration tests for small samples do not support the validity of the PPP hypothesis.

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Published

01-03-1996

Issue

Vol. 26 No. 1 (1996)

Section

Articles

License

Copyright (c) 1996 Estudos Econômicos (São Paulo)

Creative Commons License

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How to Cite

Menezes, F. M., & Resende, M. (1996). Testes de cointegração da paridade do poder de compra para a economia brasileira: 1870-1906. Estudos Econômicos (São Paulo), 26(1), 51-62. https://doi.org/10.11606/1980-53572613fmmr