Panel unit root tests of purchasing power parity hypothesis: Evidence from Turkey

MPRA Paper from University Library of Munich, Germany

Abstract: In 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

Keywords: Purchasing Power Parity; Real Exchange Rates; Panel Unit Root Tests; Floating Exchange Rates (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2011-01-01
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-opm
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Citations: View citations in EconPapers (1)

Published in International Research Journal of Finance and Economics 51 (2011): pp. 136-140

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34370

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