Testing the validity of quasi PPP hypothesis: evidence from a recent panel unit root test with structural breaks

被引：8

作者：

Guloglu, Bulent ^{[1
]}

Ispir, Serdar ^{[2
]}

Okat, Deniz ^{[3
]}

机构：

[1] Pamukkale Univ, Dept Econometr, Kinikli, Denizli, Turkey

[2] Pamukkale Univ, Dept Econ, Kinikli, Denizli, Turkey

[3] Aalto Univ, Dept Finance, Helsinki, Finland

来源：

APPLIED ECONOMICS LETTERS | 2011年 / 18卷 / 18期

关键词：

purchasing power parity; structural breaks; real exchange rate; PURCHASING POWER PARITY; REAL EXCHANGE-RATE; HIGH INFLATION COUNTRY; LONG-RUN; COINTEGRATION; DEVIATIONS; TURKEY;

D O I：

10.1080/13504851.2011.564124

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article we test the validity of quasi Purchasing Power Parity (PPP) hypothesis for 18 Turkish real exchange rate series using a panel unit root test that allows for structural breaks in the level and the trend. Test results based on a long span of data find evidence of the validity of quasi PPP hypothesis for almost all the exchange rate series under study and for the whole of panel as well.

引用

页码：1817 / 1822

页数：6

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