- JOEEP: Journal of Emerging Economies and Policy
- Cilt: 8 Sayı: 2
- Purchasing Power Parity Theory Test in Turkey: (1923-1980) Cliometric Fourier Analysis
Purchasing Power Parity Theory Test in Turkey: (1923-1980) Cliometric Fourier Analysis
Authors : Hasan Azazi, Müşerref Arik, Melike Buse Akcan
Pages : 145-154
View : 108 | Download : 82
Publication Date : 2023-12-30
Article Type : Research
Abstract :The study is a cliometric analysis created to determine the stability level of purchasing power parity (PPT) in Turkey between the years 1923-1980. The absence of any study examining the post-republican period with the Fourier analysis method shows the contribution of this study to the literature. Real exchange rate values for the relevant years were used in the study. These values were obtained using the State Institute of Statistics report.. In the study, Unit Root Tests (ADF, Phillips-Perron) were used assuming that the series were linear and Fourier ADF Unit Root Tests were used assuming that the series were non-linear. The test result shows that the PPP theory is not valid between the relevant years.Keywords : Satınalma Gücü Paritesi, Fourier ADF, Kliometrik Analiz, ADF, Phiilips-Perron