TITLE

REEL EFEKTİF DÖVİZ KURU ÜZERİNDE KIRILMALI BİRİM KÖK TESTLERİ İLE TÜRKİYE İÇİN SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİNİN SINANMASI

AUTHOR(S)
YILDIRIM, Selim; YILDIRIM, Zekeriya
PUB. DATE
December 2012
SOURCE
Marmara University Journal of the Faculty of Economic & Administ;2012, Vol. 33 Issue 2, p221
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study investigates the PPP hypothesis for Turkey considering the economic crisis this country had. PPP hypothesis states that countries' price levels are equal when measured in terms of the same currency. This hypothesis is tested using reel effective exchange rates for the period 1990:1 - 2009:12. Through this period Turkey struggled with economic crises many times. This caused Turkish price levels to move away from international market equilibrium. This study takes such situations into account using unit root tests with break(s) and tries to show that PPP hypothesis holds for Turkey.
ACCESSION #
87047106

 

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