Purchasing Power Parity in the Nordic Countries

Forfatter(e)

Utgivelsesdato

2015

Utgiver

Oslo and Akershus University College of Applied Sciences

Dokumenttype

Masterprogram

Master i økonomi og administrasjon

Sammendrag

This paper tests for purchasing power parity (PPP) between four Nordic coun- tries and the Eurozone using monthly observations from 2000 to 2014. The study employes the Johansen test for cointegration. Johansen method indicates the absence of cointegration for all countries except Sweden and further shows the existence of one cointegration vector. Thus, this study confirms the validity of PPP in the long-run for Sweden only.

Emneord

Permanent URL

  • http://hdl.handle.net/10642/2589