Testing the long-run PPP for Turkey: new evidence from the Fourier quantile unit root test

被引：5

作者：

Doganlar, Murat ^{[1
]}

Kizilkaya, Oktay ^{[2
]}

Mike, Faruk ^{[2
]}

机构：

[1] Int Vis Univ, Inst Social Sci, Gostivar, North Macedonia

[2] Hakkari Univ, Dept Econ, Hakkari, Turkey

来源：

APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 09期

关键词：

Purchasing power parity; quantile unit root test; Fourier function; Turkey; PURCHASING POWER PARITY; HIGH INFLATION COUNTRY; REAL EXCHANGE-RATE; HYPOTHESIS; COINTEGRATION; VALIDITY; BEHAVIOR;

D O I：

10.1080/13504851.2019.1644435

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study analyses the long-run validity of the purchasing power parity (PPP) between Turkey and its major trading partners (China, Euro Area, Russia, United Kingdom, and United States) by using the Fourier quantile unit root test. Fourier quantile unit root test results show that PPP is valid for all countries. Additionally, the Fourier quantile unit root test presents more evidence in favour of the PPP hypothesis in comparison to conventional and other Fourier-type unit root tests.

引用

页码：729 / 735

页数：7

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