The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
This study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot a...
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| Format: | Article |
| Language: | English |
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EconJournals
2012-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797917268789690368 |
|---|---|
| author | Hakan Kum |
| author_facet | Hakan Kum |
| author_sort | Hakan Kum |
| collection | DOAJ |
| description | This study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot and Andrews and Lagrange Multiplier unit root tests. |
| first_indexed | 2024-04-10T13:10:37Z |
| format | Article |
| id | doaj.art-8ea846fe57b34be28fea8ab8d36674c9 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:10:37Z |
| publishDate | 2012-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-8ea846fe57b34be28fea8ab8d36674c92023-02-15T16:12:39ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-09-01232412451032The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root TestsHakan KumThis study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot and Andrews and Lagrange Multiplier unit root tests.https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturkpurchasing power parity ppp structural breaks turkish economy |
| spellingShingle | Hakan Kum The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests International Journal of Economics and Financial Issues purchasing power parity ppp structural breaks turkish economy |
| title | The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests |
| title_full | The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests |
| title_fullStr | The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests |
| title_full_unstemmed | The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests |
| title_short | The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests |
| title_sort | impact of structural break s on the validity of purchasing power parity in turkey evidence from zivot andrews and lagrange multiplier unit root tests |
| topic | purchasing power parity ppp structural breaks turkish economy |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturk |
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