Application of Panel Data Models to Exchange Rates’ Modeling for Scandinavian and Central and Eastern European Countries

dc.contributor.author	Górecka, Dorota
dc.contributor.author	Śliwicki, Dominik
dc.date.accessioned	2014-11-07T08:50:45Z
dc.date.available	2014-11-07T08:50:45Z
dc.date.issued	2009-07-18
dc.identifier.citation	Dynamic Econometric Models, Vol. 9, pp. 51-60
dc.identifier.issn	1234-3862
dc.identifier.other	doi:10.12775/DEM.2009.005
dc.identifier.uri	http://repozytorium.umk.pl/handle/item/2235
dc.description.abstract	In the paper the purchasing power parity (PPP) theory for 6 states belonging to OECD, namely Denmark, Norway, Sweden, Poland, Czech Republic and Hungary, was examined. In order to do that the IPS panel unit root test was employed. After establishing that the exchange rates permanently deviate from the long-term equilibrium rate and the PPP theory is at variance with the data, two panel models were estimated to identify factors that influence exchange rates of Scandinavian and CEFTA countries.
dc.language.iso	eng
dc.rights	Attribution-NoDerivs 3.0 Poland
dc.rights	info:eu-repo/semantics/openAccess
dc.rights.uri	http://creativecommons.org/licenses/by-nd/3.0/pl/
dc.subject	purchasing power parity
dc.subject	long-term equilibrium exchange rate
dc.subject	panel models with fixed individual effects
dc.title	Application of Panel Data Models to Exchange Rates’ Modeling for Scandinavian and Central and Eastern European Countries
dc.type	info:eu-repo/semantics/article