THE VALIDITY OF THE PURCHASING POWER PARITY HYPOTHESIS IN OECD COUNTRIES: EVIDENCE FROM THE FOURIER TEST / OECD Ülkelerinde Satın Alma Gücü Paritesi Hipotezinin Geçerliliği: Fourier Testinden Kanıtlar
According to purchasing power parity (PPP), the nominal exchange rate between the two currencies should be equal to the ratio of the total price levels between the two countries. In other words, it is a simple theory that argues that countries' currencies will have the same purchasing value. In...
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| Format: | Article |
| Language: | English |
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Recep Tayyip Erdoğan Üniversitesi
2021-10-01
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| Series: | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/1948746 |