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

Bulent Guloglu; Serdar Ispira; Deniz Okat

doi:10.1080/13504851.2011.564124

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

Bulent Guloglu^*, Serdar Ispira, Deniz Okat

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

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
Pages (from-to)	1817-1822
Number of pages	6
Journal	Applied Economics Letters
Volume	18
Issue number	18
DOIs	https://doi.org/10.1080/13504851.2011.564124
Publication status	Published - Dec 2011
Externally published	Yes

Keywords

purchasing power parity
real exchange rate
structural breaks

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10.1080/13504851.2011.564124

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title = "Testing the validity of quasi PPP hypothesis: Evidence from a recent panel unit root test with structural breaks",

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.",

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T2 - Evidence from a recent panel unit root test with structural breaks

AU - Guloglu, Bulent

AU - Ispira, Serdar

AU - Okat, Deniz

PY - 2011/12

Y1 - 2011/12

N2 - 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.

AB - 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.

KW - purchasing power parity

KW - real exchange rate

KW - structural breaks

UR - https://www.scopus.com/pages/publications/84859036263

U2 - 10.1080/13504851.2011.564124

DO - 10.1080/13504851.2011.564124

M3 - Article

AN - SCOPUS:84859036263

SN - 1350-4851

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EP - 1822

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 18

ER -

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

Abstract

Keywords

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