Since 2014
Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
Revista Brasileira de Economia
View Archive Info| Field | Value | |
| Title |
Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
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| Creator |
Bastos, Felipe de Sousa; Universidade Federal do Ceará/CAEN
Ferreira, Roberto Tatiwa; Universidade Federal do Ceará/CAEN Arruda, Elano Ferreira; Universidade Federal do Ceará/CAEN |
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| Subject |
Purchasing Power Parity; Speed of Reversion; Nickell bias; Temporal Aggregation Bias.
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| Description |
This work estimates the rate of reversion of deviations from the PPP for Brazilian cities considering three possible sources of bias: i) Nickell, ii) the heterogeneity of the autoregressive coefficients and iii) generated by the temporal aggregation of price indices. The values of the estimated half-lives were approximately 4.41 and 3.18 years when considering the price index of Brazil and the average of the indices of cities as references, respectively. When using the price index for each city as the numeraire, the median half-life is 3.13 years.
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| Publisher |
EGV EPGE
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| Contributor |
Cnpq
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| Date |
2018-02-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articles Artigos |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/31837
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| Source |
Revista Brasileira de Economia; v. 72, n. 1 (2018): JAN-MAR; 26-40
Revista Brasileira de Economia; v. 72, n. 1 (2018): JAN-MAR; 26-40 1806-9134 0034-7140 |
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| Language |
por
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/31837/70908
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