Purchasing Power Parity (PPP), Sweden before and after EURO times

University essay from Lunds universitet/Statistiska institutionen

Author: Amit Paul Smotra; Rashid Mansoor; [2008]

Keywords: Cointegration; Purchasing power parity; unit root test; Statistics; operations research; programming; actuarial mathematics; Statistik; operationsanalys; programmering; aktuariematematik; Mathematics and Statistics;

Abstract: This thesis presents an Econometric Evaluation of Purchasing Power Parity. Unit Root Test and cointegration Tests are used to examine the issue of the Purchasing Power Parity for Sweden for the Periods [Jan 1990-Dec 1999] , [Jan 1999-Dec 2007] and [Jan1990-Dec2007]. The result of Unit Root tests failed to find evidence in favour of Purchasing Power Parity in all the three periods. However the result of Johansen test of cointegration finds evidence in favour of Purchasing Power Parity in the long-run.

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