Análisis de la paridad del poder de compra: evidencia empírica entre México y Estados Unidos

This paper analyzes evidence on Purchasing Power Parity between Mexico and the United States, as well as the causal link between relative prices and exchange rate (1957-2010). We use a unit root test that allows for two structural changes and two tests of causality. The results indicate that the PPP...

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Bibliographic Details
Main Authors: Gómez Aguirre, Mario, Rodríguez Chávez, José Carlos
Format: Online
Language:Spanish
Editor: El Colegio de México, A.C. 2012
Subjects:
causalidad
precios
cambio estructural
tipo de cambio
paridad del poder de compra
C20
E31
F31
causality
prices
structural change
exchange rate
purchasing power parity
Online Access:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/92
Journal:

Estudios Económicos

Description
Summary:This paper analyzes evidence on Purchasing Power Parity between Mexico and the United States, as well as the causal link between relative prices and exchange rate (1957-2010). We use a unit root test that allows for two structural changes and two tests of causality. The results indicate that the PPP between Mexico and the United States is validated, reflecting the integration and price convergence of the two economies to a very rapid rate. In addition, the exchange rate follows the behavior of relative prices of both countries.

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