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...
Published in: | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
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Format: | Article in Journal/Newspaper |
Language: | English Turkish |
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Recep Tayyip Erdoğan Üniversitesi
2021
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Online Access: | https://doi.org/10.29216/ueip.988853 https://doaj.org/article/baa51764170c4adc8dfeba446734f178 |
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fttriple:oai:gotriple.eu:oai:doaj.org/article:baa51764170c4adc8dfeba446734f178 2023-05-15T16:50:24+02:00 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 Süreyya İmre 2021-10-01 https://doi.org/10.29216/ueip.988853 https://doaj.org/article/baa51764170c4adc8dfeba446734f178 en tr eng tur Recep Tayyip Erdoğan Üniversitesi 2587-2559 doi:10.29216/ueip.988853 https://doaj.org/article/baa51764170c4adc8dfeba446734f178 undefined Uluslararası Ekonomi, İşletme ve Politika Dergisi, Vol 5, Iss 2, Pp 274-289 (2021) oecd ülkeleri satın alma gücü paritesi reel döviz kuru fourier kpss birim kök testleri oecd countries purchasing power parity real exchange rate fourier kpss unit root tests manag geo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2021 fttriple https://doi.org/10.29216/ueip.988853 2023-01-22T19:27:26Z 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 this study, 25 OECD countries is aimed to test the validity of the purchasing power parity hypothesis. The validity of the hypothesis was tested with the monthly data of 1980-Q1 2018-Q12 and Fourier KPSS unit root tests. As a result of the analysis, the validity of the purchasing power parity hypothesis was provided in Brazil, France, Italy, Sweden, Iceland, Ireland, Spain; It has been determined that the purchasing power parity hypothesis is not valid in the countries of Australia, Austria, Belgium, Canada, Germany, Japan, Malaysia, Mexico, Switzerland, USA, Chile, Colombia, Finland, Luxembourg, Netherlands, New Zealand, Norway, Portugal. Article in Journal/Newspaper Iceland Unknown Canada New Zealand Norway Uluslararası Ekonomi, İşletme ve Politika Dergisi |
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English Turkish |
topic |
oecd ülkeleri satın alma gücü paritesi reel döviz kuru fourier kpss birim kök testleri oecd countries purchasing power parity real exchange rate fourier kpss unit root tests manag geo |
spellingShingle |
oecd ülkeleri satın alma gücü paritesi reel döviz kuru fourier kpss birim kök testleri oecd countries purchasing power parity real exchange rate fourier kpss unit root tests manag geo Süreyya İmre 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 |
topic_facet |
oecd ülkeleri satın alma gücü paritesi reel döviz kuru fourier kpss birim kök testleri oecd countries purchasing power parity real exchange rate fourier kpss unit root tests manag geo |
description |
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 this study, 25 OECD countries is aimed to test the validity of the purchasing power parity hypothesis. The validity of the hypothesis was tested with the monthly data of 1980-Q1 2018-Q12 and Fourier KPSS unit root tests. As a result of the analysis, the validity of the purchasing power parity hypothesis was provided in Brazil, France, Italy, Sweden, Iceland, Ireland, Spain; It has been determined that the purchasing power parity hypothesis is not valid in the countries of Australia, Austria, Belgium, Canada, Germany, Japan, Malaysia, Mexico, Switzerland, USA, Chile, Colombia, Finland, Luxembourg, Netherlands, New Zealand, Norway, Portugal. |
format |
Article in Journal/Newspaper |
author |
Süreyya İmre |
author_facet |
Süreyya İmre |
author_sort |
Süreyya İmre |
title |
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 |
title_short |
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 |
title_full |
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 |
title_fullStr |
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 |
title_full_unstemmed |
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 |
title_sort |
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 |
publisher |
Recep Tayyip Erdoğan Üniversitesi |
publishDate |
2021 |
url |
https://doi.org/10.29216/ueip.988853 https://doaj.org/article/baa51764170c4adc8dfeba446734f178 |
geographic |
Canada New Zealand Norway |
geographic_facet |
Canada New Zealand Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Uluslararası Ekonomi, İşletme ve Politika Dergisi, Vol 5, Iss 2, Pp 274-289 (2021) |
op_relation |
2587-2559 doi:10.29216/ueip.988853 https://doaj.org/article/baa51764170c4adc8dfeba446734f178 |
op_rights |
undefined |
op_doi |
https://doi.org/10.29216/ueip.988853 |
container_title |
Uluslararası Ekonomi, İşletme ve Politika Dergisi |
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1766040545972453376 |