The validity of PPP in the dairy sector and the role of macroeconomic variables

dc.contributor.author	Ζαφειρίου, Ελένη	el
dc.date.accessioned	2015-02-02T16:49:41Z
dc.date.available	2015-02-02T16:49:41Z
dc.date.issued	2015-02-02
dc.identifier.uri	http://hdl.handle.net/11400/5503
dc.rights	Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ηνωμένες Πολιτείες	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/us/	*
dc.subject	Cointegration
dc.subject	Μακροοικονομικές μεταβλητές
dc.subject	Γαλακτοκομικός τομέας
dc.subject	Συνολοκλήρωση
dc.subject	Macroeconomic Variables
dc.subject	Dairy sector
dc.title	The validity of PPP in the dairy sector and the role of macroeconomic variables	en
heal.type	conferenceItem
heal.secondaryTitle	case of Greece	en
heal.generalDescription	ISSN Σειράς Πρακτικών: 1791 – 8499	el
heal.generalDescription	Proceedings Series: 1791 - 8499	en
heal.classification	Economics
heal.classification	Macroeconomics--Congresses
heal.classification	Οικονομία
heal.classification	Μακροοικονομική
heal.classificationURI	http://id.loc.gov/authorities/subjects/sh85040850
heal.classificationURI	http://id.loc.gov/authorities/subjects/sh2010100263
heal.classificationURI	N/A-Οικονομία
heal.classificationURI	N/A-Μακροοικονομική
heal.keywordURI	http://id.loc.gov/authorities/subjects/sh95008552
heal.contributorName	Φράγκος, Χρήστος Κ. (1949-) (επιμ.)	el
heal.language	en
heal.access	campus
heal.recordProvider	Τεχνολογικό Εκπαιδευτικό Ίδρυμα Αθήνας. Σχολή Διοίκησης και Οικονομίας. Τμήμα Διοίκησης Επιχειρήσεων. Κατεύθυνση Διοίκησης Επιχειρήσεων.	el
heal.publicationDate	2009-05
heal.bibliographicCitation	Zafeiriou, E. (2009). The validity of PPP in the dairy sector and the role of macroeconomic variables: case of Greece. In Proceedings of the 2nd International Conference: Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences. Athens, 25th to 27th May 2009. Athens: TEI of Athens. pp. 557-561.	en
heal.abstract	The present paper investigates the validity of PPP (Taylor and Taylor, 2004; Zafeiriou et al, 2006) and the role of the macroeconomic variables in the formation of prices in dairy products in the Greek market. The macroeconomic variables used in the present paper are the differences between the inflation rates of Greece and U.S.A., as well as the differences in the short — term interest rates between the two countries. In addition we employed another variable representing the openness of the dairy market in Greece, while the role of CAP was examined with the use of a dummy variable. In the first step we surveyed the validity of PPP for the case of Greece and then we examined the role of the macroeconomic variables in the validity or to the non validity of PPP for the commodity price index studied. The method applied for the study of the long - run relationship is the Johansen cointegration technique (1988, 1991). According to the results of our survey, one and sole relationship was validated, between the real exchange rates and the macroeconomic variables used. This result implies that in the long run there is a relationship among these variables, while only the real exchange rates and the interest rates difference affect the inflation rates differential in the long run as confirmed with the estimation of VECM	en
heal.publisher	Τεχνολογικό Εκπαιδευτικό Ίδρυμα Αθήνας	el
heal.publisher	TEI of Athens	en
heal.fullTextAvailability	true
heal.conferenceName	2nd International Conference: Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences	en
heal.conferenceItemType	full paper