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  • Purchasing power parity under tourism price indices : an analysis for Euro area
    Bekő, Jani ; Boršič, Darja
    This chapter examines the relevance of PPP for a panel of 19 Eurozone economies. The research produces four novelties. First, instead of employing general price indices as a standard proxy for price ... variables in the PPP model, it uses two disaggregated tourism price indicators: consumer price indices for catering services and consumer price indices for accommodation services. Second, it scrutinizes the PPP thesis with respect to the euro and the US dollar. Third, in order to check the stationary properties of real exchange rates, the study adopts a battery of panel unit root tests. Fourth, the mean reversion process in real exchange rates is tested on a new data set covering the period from January 2001 to September 2021. The empirical results are strongly within the spirit of PPP; they are robust to the selection of time intervals, applied unit root tests, chosen base currencies and tourism price indices.
    Vir: Modern management tools and economy of tourism sector in present era : 6th international thematic monograph (Str. 109-131)
    Vrsta gradiva - članek, sestavni del ; neleposlovje za odrasle
    Leto - 2022
    Jezik - angleški
    COBISS.SI-ID - 118290691

    Povezava(-e):

    https://www.udekom.org.rs/uploads/4/7/0/4/47046595/6th_itm--2021-2022-web.pdf
    DOI

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