Re-examination of the long-run purchasing power parity: further evidence from Turkey

In this article, we re-examine the empirical validity of the Purchasing Power Parity (PPP) theory for the Turkish economy. For this purpose, an empirical model is constructed using some contemporaneous estimation techniques such as multivariate co-integration and vector error correction methodology. Our estimation results reveal that the PPP can strongly be supported as a long-run stationary steady-state relationship for the Turkish economy.

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Year of publication:	2010
Authors:	Korap, Levent ; Aslan, Özgür

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Korap, Levent and Aslan, Özgür (2010): Re-examination of the long-run purchasing power parity: further evidence from Turkey. Published in: Applied Economics , Vol. 42, No. 27 (2010): pp. 3559-3564.
Classification:	C32 - Time-Series Models ; F41 - Open Economy Macroeconomics ; F31 - Foreign Exchange
Source:	BASE

Persistent link: https://www.econbiz.de/10015224008