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

Author

Listed:
  • Gozgor, Giray
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

Suggested Citation

  • Gozgor, Giray, 2011. "Panel unit root tests of purchasing power parity hypothesis: Evidence from Turkey," MPRA Paper 34370, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:34370
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    File URL: https://mpra.ub.uni-muenchen.de/34370/1/MPRA_paper_34370.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Arthur Grimes & Sean Hyland, 2013. "Passing the Buck: Impacts of Commodity Price Shocks on Local Outcomes," Working Papers 13_10, Motu Economic and Public Policy Research.

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    More about this item

    Keywords

    Purchasing Power Parity; Real Exchange Rates; Panel Unit Root Tests; Floating Exchange Rates;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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