Panel unit root tests of purchasing power parity hypothesis: Evidence from Turkey
AbstractIn this paper, we employ some front page panel unit root tests to examine the validity of the purchasing power parity hypothesis in Turkey. Using monthly observations panel data of nine major county’s currency dates January 2003 through April 2010, we find that panel unit root tests are not rejected the mean-reversion of real exchange rates. Thus, the empirical results indicate significant support for the purchasing power parity holds in Turkey
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 34370.
Date of creation: 01 Jan 2011
Date of revision:
Purchasing Power Parity; Real Exchange Rates; Panel Unit Root Tests; Floating Exchange Rates;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-07 (All new papers)
- NEP-ARA-2011-11-07 (MENA - Middle East & North Africa)
- NEP-CWA-2011-11-07 (Central & Western Asia)
- NEP-OPM-2011-11-07 (Open Economy Macroeconomic)
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