PPC y convergencia de precios: un Análisis para las ciudades del Perú

Translated title of the contribution: PPP and price convergence: Analysis for peruvian cities

Álvaro Monge, Diego Winkelried

Research output: Contribution to journalArticle in a journalpeer-review

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This paper enquires whether the purchasing power parity theory (understood as price convergence) holds among Peruvian cities, to explore the degree of economic integration among Peruvian regions. We identify several factors affecting the real exchange rate among cities and find fiscal policy, precisely the distribution of public investment on capital across cities, to be an important determinant of price convergence.
Translated title of the contributionPPP and price convergence: Analysis for peruvian cities
Original languageSpanish
Pages (from-to)56-104
Number of pages49
JournalEnsayos Sobre Politica Economica
Issue number1
StatePublished - 1 Jan 2009


  • (Non) tradable goods
  • Commercial integration
  • Panel data
  • Price convergence


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