Inflation divergence within the SADC

This study investigates the feasibility of a monetary union in the Southern African Development Community (SADC) by testing for inflation convergence for 11 members. Quarterly data over the period 1992:3 â€“ 2001:4 are employed. Various panel unit root tests are applied to test whether the purchasing power parity (PPP) holds. Overall, strong evidence of a unit root is found. This implies inflation divergence among the SADC members.

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Year of publication:	2010
Authors:	Vishal, Jaunky Chandr
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 30.2010, 2, p. 1137-1143
Publisher:	AccessEcon
Subject:	PPP \| Inflation Convergence \| Panel Unit Root Tests \| SADC

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; F3 - International Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008509904