Testing the Validity of PPP Theory for Turkey: Nonlinear Unit Root Testing
[ X ]
Tarih
2016
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Science Bv
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Real exchange rate movements are crucial for a country's competitiveness, trade flows and testing the validity of Purchasing Power Parity (PPP) theory. So far ample of studies have examined the issue of whether or not PPP holds in Turkey by employing various methods. In this study we examined the validity of PPP theory for Turkey between January 2003 and June 2014, and we concluded that purchasing power parity theory is not valid according to the results of nonlinear unit root test. (C) 2016 The Authors. Published by Elsevier B.V.
Açıklama
5th Istanbul Conference of Economics and Finance -- JUN 06-07, 2016 -- Yildiz Tech Univ, Istanbul, TURKEY
Anahtar Kelimeler
Purchasing power parity theory, nonlinear unit root test, Turkey
Kaynak
5Th Istanbul Conference Of Economics And Finance
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
38
