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Panel approaches to testing the persistence in Turkish real exchange rates
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123061.pdf
Date
2002
Author
Özdemir, Nilüfer
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The PPP hypothesis, which is the basic assumption of many exchange rate determination models, relates the movements in the exchange rates with the price movements in the home and foreign countries. Two methods may be implemented in order to detect the validity of the PPP hypothesis. One of them is to perform unit root tests to the real exchange rates itself. The other method is to implement the unit root tests to the linear combination of the components of the real exchange rates, which means the cointegration techniques. This thesis analyzes the validity of the Purchasing Power Parity (PPP) for the Turkish bilateral real exchange rates. For this purpose, we use panel unit root tests along with the Augmented Dickey Fuller
Subject Keywords
PPP
,
Panel unit root test
URI
https://hdl.handle.net/11511/12471
Collections
Graduate School of Social Sciences, Thesis
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N. Özdemir, “Panel approaches to testing the persistence in Turkish real exchange rates,” M.S. - Master of Science, Middle East Technical University, 2002.
