Testing the Validity of PPP Theory for Turkey: Nonlinear Unit Root Testing

被引：4

作者：

Karagoz, Kadir ^{[1
]}

Sarac, T. Bahadir ^{[2
]}

机构：

[1] Celal Bayar Univ FEAS, Uncubozkoy Campus, TR-45053 Manisa, Turkey

[2] Hitit Univ FEAS, Akkent 3rd St, TR-19040 Corum, Turkey

来源：

5TH ISTANBUL CONFERENCE OF ECONOMICS AND FINANCE | 2016年 / 38卷

关键词：

Purchasing power parity theory; nonlinear unit root test; Turkey; PURCHASING-POWER-PARITY; REAL EXCHANGE-RATE; LONG-RUN VALIDITY; TRANSITION COUNTRIES; RANK-TESTS; ADL TEST; ADJUSTMENT; COINTEGRATION; HYPOTHESIS; STATIONARITY;

D O I：

10.1016/S2212-5671(16)30217-9

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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.

引用

页码：458 / 467

页数：10

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