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Satın Alma Gücü Paritesi Hipotezi (SAGP)’nin OECD Ülkeleri İçin Test Edilmesi

Author

Listed:
  • Reşat CEYLAN
  • Hakan ULUCAN

Abstract

The main aim of this study is to test the validity of purchasing power parity (PPP) hypothesis for OECD countries among which the economic integration have been increasing over time. In this study purchasing power parity is tested for 25 OECD countries by using the yearly data from 1970 to 2013. KSS and AESTAR test procedures that are based on non-linear techniques are used in the study. Findings suggest that AESTAR estimation gives more robust results than KSS. Because according to AESTAR procedure the PPP hypothesis holds 20 OECD countries.

Suggested Citation

  • Reşat CEYLAN & Hakan ULUCAN, 2014. "Satın Alma Gücü Paritesi Hipotezi (SAGP)’nin OECD Ülkeleri İçin Test Edilmesi," Sosyoekonomi Journal, Sosyoekonomi Society, issue 22(22).
    • Handle: RePEc:sos:sosjrn:140209
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    More about this item

    Keywords

    Purchasing Power Parity Hypothesis; Real Exchange Rate; KSS Test; AESTAR Test.;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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