M. Thamas Paul*; G. R. Motlaleng* - In: Journal of Developing Areas 41 (2008) 2, pp. 205-231
For the small open economy of Botswana the PPP theory is validated in both the absolute and relative version for the Pula-Dollar exchange rate during the sample period 1992 third quarter to 2002 fourth quarter. The Pula-Dollar exchange rate is determined by the long-term trends in Botswana’s...