The Analysis Between Purchasing Power Parity and Exchange Rates, Inflation and Gross Domestic Product in Developing and Developed Countries Asia and Europe During Covid-19 Pandemic

International Journal of Business, Law, and Education Pub Date : 2024-03-22 DOI:10.56442/ijble.v5i1.518

Pragita Aci Adistya, Sidha Belanandra Radise, Grisvia Agustin

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Abstract

The study aims to analyze Purchasing Power Parity (PPP) and exchange rates, inflation and Gross Domestic Product (GDP) in developing and developed countries in Asia and Europe during the covid-19 pandemic. The data used secondary data, obtained from the websites of the Central Bank of Indonesia, World Bank, International Monetary Fund (IMF) and Organization for Economic Cooperation and Development (OECD) from 2003 to 2020. This research used method of Vector Error Correction Model (VECM). The results show that the GDP, inflation and exchange rate variables have positive and negative responses to changes in PPP values during the observation period, especially during the Covid-19 pandemic. This condition can occur because the economy in each country experiences fluctuations, especially during the Covid-19 pandemic. This has an impact on the PPP value in these 10 countries, which causes each country to take financial and monetary policies in accordance with the problems they face

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Covid-19 大流行期间亚洲和欧洲发展中国家与发达国家的购买力平价与汇率、通货膨胀和国内生产总值之间的关系分析

本研究旨在分析亚洲和欧洲发展中国家和发达国家在科维德-19 大流行期间的购买力平价（PPP）和汇率、通货膨胀和国内生产总值（GDP）。研究使用的数据来自印度尼西亚中央银行、世界银行、国际货币基金组织（IMF）和经济合作与发展组织（OECD）2003 年至 2020 年的网站。本研究采用了向量误差修正模型（VECM）的方法。结果显示，在观察期内，国内生产总值、通货膨胀率和汇率变量对购买力平价值的变化有正向和负向反应，尤其是在 Covid-19 大流行期间。出现这种情况的原因是每个国家的经济都会出现波动，尤其是在 Covid-19 大流行期间。这对这 10 个国家的购买力平价值产生了影响，导致每个国家根据其面临的问题采取金融和货币政策

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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International Journal of Business, Law, and Education

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