Fiche du document
2006
- ISIDORE Id: 10670/1.a6049b...
- hal: hal-04138871
info:eu-repo/semantics/OpenAccess
Sujets proches
Parity, Purchasing power Law of one price One price, Law ofCiter ce document
Olivier Darné et al., « Testing the purchasing power parity in China », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.a6049b...
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Résumé
In this paper we examine whether purchasing power parity holds in the long run in China for the period 1970:1 to 2006:5 from an alternative method relative to the previous studies. We underlined the effects of large, but infrequent shocks due to changes of Chinese exchange policy (undertaken since the China's foreign exchange reform) on the real exchange rate, using outliermethodology. We also show that there is no endency to the purchasing power parity in China to hold in the long run during this period.
