Abstract
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.
Original language | English |
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Pages (from-to) | 1817-1822 |
Number of pages | 6 |
Journal | Applied Economics Letters |
Volume | 18 |
Issue number | 18 |
DOIs | |
Publication status | Published - Dec 2011 |
Externally published | Yes |
Keywords
- purchasing power parity
- real exchange rate
- structural breaks