The purchasing power parity hypothesis for a high inflation country: a re-examination of the case of Turkey

Basit Öğe Kaydı
dc.authoridYazgan, M. Ege/0000-0003-1412-4488
dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.contributor.authorYazgan, ME
dc.date.accessioned2024-07-18T20:45:13Z
dc.date.available2024-07-18T20:45:13Z
dc.date.issued2003
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractThe long-run purchasing power parity (PPP) hypothesis is re-examined for Turkey and strong evidence on long-run PPP is provided by using standard multivariate cointegration techniques. It is argued that the refutation of PPP by Telatar and Kazdagli does not necessarily imply the failure of taking the non-linearity in real exchange rate adjustment into account, as proposed by Sarno, but it may be due to the use of univariate framework for testing PPP chosen by Telatar and Kazdagli. By using persistence profiles, half-life deviations from PPP are estimated as low as one and a half years. Since these estimates are substantially lower than those previously obtained in the literature, the analysis suggests that high inflation environment does not constitute a case for the PPP puzzle.en_US
dc.identifier.doi10.1080/1350485022000041078
dc.identifier.endpage147en_US
dc.identifier.issn1350-4851
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-0037430379en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage143en_US
dc.identifier.urihttps://doi.org/10.1080/1350485022000041078
dc.identifier.urihttps://hdl.handle.net/11411/7457
dc.identifier.volume10en_US
dc.identifier.wosWOS:000182238200005en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Taylor & Francis Ltden_US
dc.relation.ispartofApplied Economics Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectLikelihood Ratio Testsen_US
dc.subjectExchange-Rateen_US
dc.subjectCointegrationen_US
dc.subjectModelsen_US
dc.subjectBehavioren_US
dc.titleThe purchasing power parity hypothesis for a high inflation country: a re-examination of the case of Turkeyen_US
dc.typeArticleen_US

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