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LONG-RUN PURCHASING POWER PARITY (DOKTRIN PARITAS DAYA BELI) DENGAN THE ERROR CORRECTION MODEL (Studi terhadap Perekonomian Indonesia Tahun 1991.10 sampai 1998.6)

ID : 11-01-09, ISSN : 0854-4190 , PUB: Vol 11 , April, 2004

Abstract

Abstract This research investigated the short and long run validity and reliability of purchasing power parity (PPP). Error Correction Model (ECM) is employed to examine pooled data of Indonesia-US exchange rate. Wholesale price indices and consumer price indices are gathered from IFS. The findings suggest that either short or long run Purchasing Power Parity ( 0 = 0; 1 = + 1; and 2 = -1) do not hold. Keywords : Time series analysis, Cointegration, Error Correction Model (ECM), Purchasing Power Parity.

 

Keyword: Time series analysis, Cointegration, Error Correction Model (ECM), Purchasing Power Parity.

Author: Nunung Nurastuti Utami