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La paridad del poder de compra en el largo plazo: el caso de México

Author

Listed:
  • Pablo Mejía Reyes

    (Investigador, El Colegio Mexiquense, A.C. Zinacantepec, E.M. Mexico.)

  • José Carlos González Núñez

    (Doctorante. Programa de Posgrado en Economía. UNAM. México, D.F. Mexico)

Abstract

In this paper the absolute version of the purchasing power parity hypothesis is tested as a long-run equilibrium condition in the Mexican case, in particular the existence of convergence between the prices of Mexico and the prices of United States, valuated in the same currency is evaluated. The existence of unit roots in different measures of the real exchange rate and the cointegration of various kinds of internal and external prices valued in the same currency, are tested by using several methodologies. The results show weak evidence in favor of the purchasing power parity which could be a consequence of the action of structural and transitory economic factors.

Suggested Citation

  • Pablo Mejía Reyes & José Carlos González Núñez, 1996. "La paridad del poder de compra en el largo plazo: el caso de México," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 37-62, January-J.
    • Handle: RePEc:emc:ecomex:v:5:y:1996:i:1:p:37-62
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/V-1/02_MEJIA_(37-62).pdf
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    Cited by:

    1. Pedro Isaac Chávez López, 2014. "Paridad de poder de compra, cambios estructurales y memoria larga: una aplicación para el caso de México," Graduate theses (Spanish) TESG001, CIDE, División de Economía.
    2. Frederick H. Wallace, 2017. "Purchasing power parity in Mexico since 1933," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 26(1), pages 1-18, December.

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