Camarero, Mariam; Cuestas, Juan Carlos; Ordonez, Javier - In: International Journal of Banking, Accounting and Finance 1 (2008) 1, pp. 30-46
The aim of this article is to provide additional evidence on the fulfilment of the Purchasing Power Parity (PPP) hypothesis in the so-called Mediterranean countries. In order to test for the empirical validity of such a hypothesis, we have applied two types of unit root tests. The first group is...