Looking at modern Russian Economy Does Purchasing Power Parity hold either in the short run or in the long run

Question

I know this isnt a simple one word answer. How can I answer this question & what data will I need to back up my assertion. Thanks!

Answer 1

No, the purchasing power parity does not hold. To see that it is the case, just compare oil prices and domestic gasoline prices. Or export and domestic prices of natural gas, for that matter...