Why do economists distinguish between absolute and relative PPP? (purchasing power parity): An article from: Atlantic Economic Journal

This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on June 1, 1996. The length of the article is 442 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Tests of the purchasing power parity (PPP) specified equations in levels and first differences to distinguish between absolute and relative PPP. The equations expressed the exchange rate, the domestic price level and the foreign price level in terms of natural logarithms. However, tests of the theoretical difference between the two PPPs is shown to be empirically redundant and actually a misinterpretation of earlier research on the issue.

Citation Details
Title: Why do economists distinguish between absolute and relative PPP? (purchasing power parity)
Author: Imad A. Moosa
Publication:Atlantic Economic Journal (Refereed)
Date: June 1, 1996
Publisher: Atlantic Economic Society
Volume: v24 Issue: n2 Page: p178(1)

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