11.09.2026.
Scientific article
TESTIN`G THE VALIDITY OF THE PURCHASING POWER PARITY THEORY FOR THE WESTERN BALKAN COUNTRIES
The aim of this research is to empirically examine the long-term validity of the Purchasing Power Parity (PPP) theory in the Western Balkan countries—Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, and Albania—in relation to the U.S. dollar. The study applies modern methodological techniques for testing the stationarity of ...
By Srđan Kujundžić, Luka Marković