Cities, Borders, Distances, Non-Traded Goods and Purchasing Power Parity
Cities, Borders, Distances, Non-Traded Goods and Purchasing Power Parity
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城市、边界、距离、非贸易商品和购买力平价
DOI：
10.1111/1468-0084.00060
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发表时间：
1996
期刊：
影响因子：
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通讯作者：
Michael A. Jenkins
中科院分区：
文献类型：
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作者：
Michael A. Jenkins
后布雷顿森林时期的大多数实证研究未能找到长期购买力平价关系的证据。本文利用价格分类数据对PPP的失败进行了研究。这种分类是在两个层面上进行的：地点（来自美国和加拿大城市的价格，而不是全国的价格）和商品类型（例如，燃料油是一种可贸易商品，当地公共交通是一种不可贸易商品）。通过这种分类，可以检验边界（意味着汇率）、距离和货物类型在公私伙伴关系失败中的重要性。所进行的分析表明，国家边界和距离都起着重要作用。然而，关于货物类型是否是公私伙伴关系失败的一个重要决定因素，有各种证据。版权所有1997年由布莱克韦尔出版有限公司
Most empirical studies for the post Bretton Woods period fail to find evidence of a long-run Purchasing Power Parity (PPP) relationship. An investigation into the failure of PPP is made in this study by using disaggregated price data. This disaggregation is on two levels: location (prices from US and Canadian cities rather than national aggregates) and type of goods (e.g., fuel oil, a tradable commodity and local public transportation, a non-tradable). This disaggregation allows for the testing of the importance of borders (implying an exchange rate), distances, and types of goods in the failure of PPP. The analysis conducted suggests that both country borders and distances play a significant role. However, there is mixed evidence concerning type of goods as an important determinant of the failure of PPP. Copyright 1997 by Blackwell Publishing Ltd