Yıl 1998, Cilt: 16 Sayı: 1-2, 121 – 128, 31.12.1998
Öz
The
aim of this study is to test purchasing power parity hypothesis empirically by
using cointegration method. For this eason, monthly data for six major
countries’ exchange rates and price levels that cover the period between
1982-1997 are employed. This period represents the managed floating exchange rate regime, and since 1989
relatively more floatin o exchange rate regime. The cointegration
test results indicate that PPP does not hold for the period between 1982-1997.
Nevertheless, tar the period between 1989-1997 we found a weak cointegrating between the two out of six pairs of series,
These pairs of series are Italian Lira relative price and British Pound
relative price series.
Anahtar Kelimeler
Purchasing power parity hypothesis, unit root tests, cointegration
Kaynakça
- Ahking F.W. (1990), “Further Results on Long-Run Purchasing Power Parity in the 1920s”, European Economic Review, vol.-34, pp.913- 919.
Yıl 1998, Cilt: 16 Sayı: 1-2, 121 – 128, 31.12.1998
Öz
Kaynakça
- Ahking F.W. (1990), “Further Results on Long-Run Purchasing Power Parity in the 1920s”, European Economic Review, vol.-34, pp.913- 919.
Ayrıntılar
| Bölüm | Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
|---|---|
| Yazarlar | |
| Yayımlanma Tarihi | 31 Aralık 1998 |
| Gönderilme Tarihi | 20 Temmuz 2017 |
| Yayımlandığı Sayı | Yıl 1998 Cilt: 16 Sayı: 1-2 |
Kaynak Göster
| APA | ALTINAY, G. (1998). TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 16(1-2), 121-128. | |
| AMA | ALTINAY G. TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. Aralık 1998;16(1-2):121-128. | |
| Chicago | ALTINAY, Galip. “TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 16, sy. 1-2 (Aralık 1998): 121-28. | |
| EndNote | ALTINAY G (01 Aralık 1998) TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 16 1-2 121–128. | |
| IEEE | G. ALTINAY, “TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 16, sy. 1-2, ss. 121–128, 1998. | |
| ISNAD | ALTINAY, Galip. “TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 16/1-2 (Aralık 1998), 121-128. | |
| JAMA | ALTINAY G. TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 1998;16:121–128. | |
| MLA | ALTINAY, Galip. “TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, c. 16, sy. 1-2, 1998, ss. 121-8. | |
| Vancouver | ALTINAY G. TESTING PURCHASING POWER PARITY HYPOTHESIS FOR TURKISH ECONOMY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 1998;16(1-2):121-8. |