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SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?

Yıl 2012, Cilt: 30 Sayı: 2, 137 - 161, 31.12.2012

Burcu Özcan

Öz

 

Satın alma gücü paritesi (SAGP) ortak bir para birimi cinsinden ifade edildiğinde, ulusal ve yabancı fiyat düzeylerinin eşit olması gerektiğini ileri sürmektedir. SAGP, mal piyasası arbitrajının ülkelere karşı fiyatlardaki pariteyi yürürlüğe koyduğu fikrine dayanmakta olup  mutlak ve nispi türleri arasında bir ayrım ile açıklanabilmektedir. SAGP oldukça geniş çaplı bir ampirik merak doğurmuştur. Fakat tutarlılığı konusunda bir uzlaşı söz konusu değildir. Geçerliliğini test etmek üzere birçok ampirik teknik kullanılmaktadır. Bu çalışmada ise G7 ülkeleri için 1980-2010 dönemi boyunca yatay kesit bağımlılığı ve çoklu yapısal kırılma durumunu dikkate alan PANKPSS testini kullanarak SAGP’nin geçerliliğini sınamaktayız. Sonuçlar, çoğu durumda SAGP’nin geçerliliğini teyit etmektedir.

 

 

Anahtar Kelimeler

Satın alma gücü paritesi tek fiyat kanunu panel birim kök testi yapısal kırılmalar

Kaynakça

  • Abumustafa, N.I. (2006) “New Evidence of the Validity of Purchasing Power Parity From Jordan”, Applied Economics Letters, 13(6), 379-383.
  • Acaravci, A., İ. Öztürk (2010) “Testing Purchasing Power Parity in Transition Countries: Evidence from Structural Breaks”, The Amfiteatru Economic Journal, 12(27), 190-198.
  • Allsopp, L., R. Zurbruegg (2003) “Purchasing Power Parity in East Asia: Why all the Fuss?”, Centre for International Economic Studies, Discussion Paper, No:0304.
  • AL-Omar, M.A., K.H. Ghali (2003) “PPP Tests in Cointegrated Heterogeneous Panels: The Case of the GCC Countries”, International Research Journal of Finance and Economics, 35, 163-172.
  • Alves, D.C.O., R.C. Cati, V.L. Fava (2001) “Purchasing power parity in Brazil: a test for fractional cointegration”, Applied Economics, 33(9), 1175-1185.
  • Azali, M., M.S. Habibullah, A.Z. Baharumshah (2001) “Does PPP hold between Asian and Japanese Economies? Evidence Using Panel unit Root and Panel Cointegration”, Japan and the World Economy, 13, 35-50.
  • Baharumshah, A.Z., R. Aggarwaland, C. Tze-Haw (2005) “East Asian Real Exchange Rates and PPP: New Evidence from Panel-Data Tests”, MPRA Paper No. 2023.
  • Baharumshah, A.Z., D. Borsic (2008) “Purchasing Power Parity in Central and Eastern European Countries”, Economics Bulletin, 6(32), 1-8.
  • Bahmani-Oskooee, M., A. Gelan (2006) “Testing the PPP in the Non-linear STAR Framework: Evidence from Africa”, Economics Bulletin, 6(17), 1-15.
  • Bai, J., P. Perron (1998) “Estimating and Testing Linear Models with Multiple Structural Changes” Econometrica, 66(1), 47–78.
  • Basher, S.A., M. Mohsin (2004) “PPP tests in Cointegrated Panels: Evidence from Asian Developing Countries”, Applied Economics Letters, 11, 163–166.
  • Beirne, J., J. Hunter, M. Simpson (2007) “Is the Real Exchange Rate Stationary? The Application of Similar Tests for a Unit Root in the Univariate and Panel Cases”, Quantitative and Qualitative Analysis in Social Sciences, 1(2), 55
  • Boyd, D., R. Smith (1999) “Testing for Purchasing Power Parity: Econometric Issues and an Application to Developing Countries”, The Manchester School, 67, 287–303.
  • Breitung, J., B. Candelon (2005) “Purchasing Power Parity during Currency Crises: A Panel Unit Root Test under Structural Breaks”, Review of World Economics, 141(1), 124-140.
  • Breusch, T., A. Pagan (1980) “The Lagrange Multiplier Test and its Application to Model Specifications in Econometrics”, Reviews of Economics Studies, 47:
  • Cashin, P., C.J. Mcdermott (2006) “Parity Reversion in Real Exchange Rates: Fast, Slow, or Not at All?, IMF Staff Papers, 53(1), 89-119.
  • Çağlayan, E., İ. Saçaklı Saçıldı (2010) “Does Purchasing Power Parity Hold in OECD Countries?”, International Research Journal of Finance and Economics, No:37, 138-146.
  • Çağlayan, E., N. Şak (2009), “OECD Ülkelerinde Satınalma Gücü Paritesi: Panel Eşbütünleme Yaklaşımı”, Marmara Üniversitesiİ İ.İ.B.F. Dergisi, 26(1), 483-500.
  • Caporale, G.M., M. Cerrato (2006) “Panel Data Tests of PPP: A Critical Overview”, Applied Financial Economics, 16(1-2), 73-91.
  • Carrion-i-Silverstre, J.L. (2005) “Health Care Expenditure and GDP: Are they Broken Stationary?” Journal of Health Economics, 24(5), 939-854.
  • Carrion-i-Silverstre, J.L., T. Del Barrio-Castro and E. Lopez-Bazo (2005) “Breaking the Panels: An Application to the GDP per Capita”, Econometrics Journal, 8(2), 159-175.
  • Cassel, G. (1918) “Abnormal Deviations in International Exchanges”, The Economic Journal, 28(112), 413-415.
  • Cerrato, M., N. Sarantis (2004) “Cross Setional Dependence, Panel Unit Root Tests, and Purchasing Power Parity”, D.P. no. 04-2, Centre for International Capital Markets, London Metropolitan University.
  • Cheung, Y.W., K.S. Lai (1993) “A Fractional Cointegration Analysis of Purchasing Power Parity”, Journal of Business and Economic Statistics, 11, 103-12.
  • Choi, I. (2001) “Unit Roots Tests for Panel Data”, Journal of International Money and Finance, 20, 229-272.
  • Chortareas, G.E., G. Kapetanios, Y. Shin (2002) “Nonlinear Mean Reversion in Real Exchange Rates”, Economics Letters, 7, 411–417.
  • Coakley, J., S. Snaith (2004) “Testing for Long Run Relative Purchasing Power Parity in Europe”, http://repec.org/mmfc04/34.pdf.
  • Cuddington, J.T., H. Liang (2000) “Purchasing Power Parity Over Two Centuries?”, Journal of International Money and Finance, 19, 753–757.
  • Drine, I., C. Rault (2003) “A Re-Examination of the Purchasing Power Parity using Non-Stationary Dynamic Panelmethods: A Comparative Approach for Developing and Developed Countries”, William Davidson Working Paper Number 570.
  • Dushko, J., C. Koteski (2011) “Analysis of Purchasing Power Parity with Data for Macedonia”, http://ssrn.com/abstract=1875047
  • Enders, W., K. Chumrusphonlert (2004) “Threshold Cointegration and Purchasing Power Parity in the Pacific Nations”, Applied Economics, 36, 889–96.
  • Erlat, H. (2004) “Unit Roots or Nonlinear Stationarity in Turkish Real Exchange Rates”, Applied Economics Letters, 11, 645-650.
  • Erlat, H. (2009) “Persistence in Turkish Real Exchange Rates: Panel Approaches”, FIW Working Paper series with number 029.
  • Erlat, H., N. Özdemir (2003) “A Panel Approach to Investigating the Persistence in Turkish Real Exchange Rates”, Topics in Middle Eastern and North African Economies, 5, 1-21.
  • Fisher, E. O'N., J.Y. Park (1991) “Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration”, The Economic Journal, 101(409), 1476- 1484.
  • Fleissig, A.R., J. Strauss (2000) “Panel Unit Root Tests of Purchasing Power Parity for Price Indices”, Journal of International Money and Finance, 19(4), 489- 506.
  • Güloglu B., S. Ispir (2011) “Testing the Validity of Quasi PPP Hypothesis: Evidence from A Recent Panel Unit Root Test With Structural Breaks”, Applied Economics Letters, 18(18), 1817-1822.
  • Güloğlu, B., M.S. İspir (2011) “Doğal İşsizlik Oranı mı? İşsizlik Histerisi mi? Türkiye İçin Sektörel Panel Birim Kök Sınaması Analizi”, Ege Akademik Bakış, 11(2), 205-215.
  • Hadri, K. (2000) “Testing for Stationarity in Heterogenous Panels.” Econometrics Journal, 3, 148-161.
  • Heimonen, K. (1999) “Stationarity of the European Real Exchange Rates – Evidence from Panel Data”, Applied Economics, 31, 673-677.
  • Im, K., H. Pesaran, Y. Shin (2003) “Testing for Unit Roots in Heterogenous Panels” Journal of Econometrics, 115(1), 53-74.
  • Jenkins, M.A., S.M. Snaith (2005) “Tests of Purchasing Power Parity via Cointegration Analysis of Heterogeneous Panels with Consumer Price Indices”, Journal of Macroeconomics, 27, 345–362.
  • Kalyoncu, H., K. Kalyoncu (2008) “Purchasing Power Parity in OECD Countries: Evidence from Panel Unit Root”, Economic Modeling, 25(3), 440-445.
  • Kasman, S., A. Kasman, D. Ayhan (2010) “Testing the Purchasing Power Parity Hypothesis for the New Member and Candidate Countries of the European Union: Evidence from Lagrange Multiplier Unit Root Tests with Structural Breaks”, Emerging Markets Finance and Trade, 46(2), 53-65.
  • Koukouritakis, M. (2009) “Testing the Purchasing Power Parity: Evidence from the New Eucountries”, Applied Economics Letters, 16(1), 39-44.
  • Kuo, B., A. Mikkola (2001) “How Sure are we About Purchasing Power Parity? Panel Evidence with the Null of Stationary Real Exchange Rates”, Journal of Money, Credit and Banking, 33(3), 767-789.
  • Levin, A., C. Lin,d J. Chu (2002) “Unit Roots Tests in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 1-24.
  • Liew, V.K-S. (2003) “The Validity of PPP Revisited: An Application of Non-linear Unit Root Test”, http://EconPapers.repec.org/RePEc:wpa:wuwpif:0308001.
  • Liu, J., S. Wu, J.V. Zidek (1997) “On Segmented Multivariate Regressions”, Statistica Sinica, 7, 497-525.
  • Lothian, J.R., M.P. Taylor (1996) “Real Exchange Rate Behaviour: the Recent Float from the Perspective of the Past Two Centuries”, Journal of Political Economy, 104(3), 488-509.
  • Lopez, C. (2003) “An Improved Panel Unit Root Test Using GLS-Detrending”, University of Cincinnati, Economics Working Papers Series 2003-06.
  • Luintel, K. (2001) “Heterogeneous Panel Unit Root Tests and Purchasing Power Parity”, The Manchester School Supplement, 69(1), 42-56.
  • Maddala, G.S., S. Wu (1999) “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test” Oxford Bulletin of Economics and Statistics, 61, 631-652.
  • Mkenda, B.K. (2001) “An Empirical Test of Purchasing Power Parity in Selected African Countries-a Panel Data Approach”, Working Papers in Economics No 39, Department of Economics, Göteborg University.
  • Mohsen, N., A. Mobarak (2010) “Resource Dependency and the Empirical Validity of PPP: The Oil Exporter Countries”, World Applied Sciences Journal, 19(8),
  • Muhammad, S.D., M, Umer, I. Lal (200) “Tests of Purchasing Power Parity: Extent of Pakistan”, European Journal of Scientific Research, 37(4), 608-615.
  • Nagayasu, J. (1998) “Does the Long-run PPP hypothesis Holdfor Africa? Evidence from Panel Cointegration”, IMF Working Paper WP/98/123.
  • Narayan, P.K. (2005) “New Evidence on Purchasing Power Parity from 17 OECD Countries”, Applied Economics, 37(9), 1063 -1071.
  • Narayan, P.K. (2006) “Are Bilateral Real Exchange Rates Stationary? Evidence from Lagrange Multiplier Unit Root Tests for India”, Applied Economics, 38(1), 63-70.
  • Narayan, P.K., S. Narayan (2007) “Are Real Exchange Rates Nonlinear with a Unit Root? Evidence on PPP for Italy: A note”, Applied Economics, 39(19), 2483-2488.
  • Narayan, P.K. (2010) “Evidence on PPP for Selected Asian Countries from a Panel Cointegration Test with Structural Breaks”, Applied Economics, 42(3), 325- 332.
  • Nusair, S.A. (2003) “Testing the Validity of Purchasing Power Parity for Asian Countries During The Current Float”, Journal of Economic Development, 28(2), 129-147.
  • O'Connell, P. (1998) “The Overvaluation of Purchasing Power Parity”, Journal of International Economics, 44, 1-19.
  • Olayungbo, D.O. (2011) “Purchasing Power Parity in Selected Sub-Saharan African Countries: Evidence from Panel Unit-Root Tests”, Journal of Emerging Trends in Economics and Management Sciences (JETEMS), 2(4), 270
  • Pedroni, P. (2001) “Purchasing Power Parity Tests in Cointegrated Panels”, The Review of Economics and Statistics, 83(4), 727–731.
  • Perron, P. (1989) “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Econometrica, 57, 1361–401.
  • Pesaran, H. (2004) “General Diagnostic Tests for Cross Section Dependence in Panels, University of Cambridge Working Paper, 0435.
  • Ridzuan, R., E.M. Ahmed (2011) “Testing the Evidence of Purchasing Power Parity for Asean-5 Countries Using Panel Estimation”, International Journal of Economics and Business Modeling, 2(1), 42-56.
  • Shively, P. (2003) “Threshold Stationary Real Exchange Rates: A Nonlinear, Multivariate Approach” Economics Bulletin, 6(2), 1−11.
  • Sideris, D. (2006) “Purchasing Power Parity in Economies in Transition: Evidence from Central and East European Countries”, Applied Financial Economics, 16(1- 2), 135-143.
  • Tastan, H. (2005) “Do Real Exchange Rates Contain a Unit Root? Evidence from Turkish data”, Applied Economics, 37(17), 2037-2053.
  • Tatoğlu, F.Y. (2009) “Reel Efektif Döviz Kurunun Durağanlığının Yapısal Kırılmalı Panel Birim Kök Testleri Kullanılarak Sınanması”, Doğuş Üniversitesi Dergisi, 10(2), 310-323.
  • Tsangyao, C., L. Wen-Chi, Y. Chin-Ping (2010) “Revisiting Purchasing Power Parity for G7 Countries: Further Evidence based on Panel SURKSS Tests”, Applied Economics Letters, 17(14), 1383-1387.
  • Wagner, M. (2008) “On PPP, Unit Roots and Panels”, Empirical Economics, Springer, 35(2), 229-249.
  • Wu, J.L., S.L. Chen (1999). Are Real Exchange Rates Stationary Based on Panel Unit- root Tests? Evidence from Pacific Basin Countries, International Journal of Finance and Economics, 4, 243-252.
  • Yazgan, M.E. (2003) “The Purchasing Power Parity Hypothesis for a High Inflation Country: A Reexamination of the Case of Turkey”, Applied Economics Letters, 10(3), 143-147.

Yıl 2012, Cilt: 30 Sayı: 2, 137 - 161, 31.12.2012

Burcu Özcan

Öz

Kaynakça

  • Abumustafa, N.I. (2006) “New Evidence of the Validity of Purchasing Power Parity From Jordan”, Applied Economics Letters, 13(6), 379-383.
  • Acaravci, A., İ. Öztürk (2010) “Testing Purchasing Power Parity in Transition Countries: Evidence from Structural Breaks”, The Amfiteatru Economic Journal, 12(27), 190-198.
  • Allsopp, L., R. Zurbruegg (2003) “Purchasing Power Parity in East Asia: Why all the Fuss?”, Centre for International Economic Studies, Discussion Paper, No:0304.
  • AL-Omar, M.A., K.H. Ghali (2003) “PPP Tests in Cointegrated Heterogeneous Panels: The Case of the GCC Countries”, International Research Journal of Finance and Economics, 35, 163-172.
  • Alves, D.C.O., R.C. Cati, V.L. Fava (2001) “Purchasing power parity in Brazil: a test for fractional cointegration”, Applied Economics, 33(9), 1175-1185.
  • Azali, M., M.S. Habibullah, A.Z. Baharumshah (2001) “Does PPP hold between Asian and Japanese Economies? Evidence Using Panel unit Root and Panel Cointegration”, Japan and the World Economy, 13, 35-50.
  • Baharumshah, A.Z., R. Aggarwaland, C. Tze-Haw (2005) “East Asian Real Exchange Rates and PPP: New Evidence from Panel-Data Tests”, MPRA Paper No. 2023.
  • Baharumshah, A.Z., D. Borsic (2008) “Purchasing Power Parity in Central and Eastern European Countries”, Economics Bulletin, 6(32), 1-8.
  • Bahmani-Oskooee, M., A. Gelan (2006) “Testing the PPP in the Non-linear STAR Framework: Evidence from Africa”, Economics Bulletin, 6(17), 1-15.
  • Bai, J., P. Perron (1998) “Estimating and Testing Linear Models with Multiple Structural Changes” Econometrica, 66(1), 47–78.
  • Basher, S.A., M. Mohsin (2004) “PPP tests in Cointegrated Panels: Evidence from Asian Developing Countries”, Applied Economics Letters, 11, 163–166.
  • Beirne, J., J. Hunter, M. Simpson (2007) “Is the Real Exchange Rate Stationary? The Application of Similar Tests for a Unit Root in the Univariate and Panel Cases”, Quantitative and Qualitative Analysis in Social Sciences, 1(2), 55
  • Boyd, D., R. Smith (1999) “Testing for Purchasing Power Parity: Econometric Issues and an Application to Developing Countries”, The Manchester School, 67, 287–303.
  • Breitung, J., B. Candelon (2005) “Purchasing Power Parity during Currency Crises: A Panel Unit Root Test under Structural Breaks”, Review of World Economics, 141(1), 124-140.
  • Breusch, T., A. Pagan (1980) “The Lagrange Multiplier Test and its Application to Model Specifications in Econometrics”, Reviews of Economics Studies, 47:
  • Cashin, P., C.J. Mcdermott (2006) “Parity Reversion in Real Exchange Rates: Fast, Slow, or Not at All?, IMF Staff Papers, 53(1), 89-119.
  • Çağlayan, E., İ. Saçaklı Saçıldı (2010) “Does Purchasing Power Parity Hold in OECD Countries?”, International Research Journal of Finance and Economics, No:37, 138-146.
  • Çağlayan, E., N. Şak (2009), “OECD Ülkelerinde Satınalma Gücü Paritesi: Panel Eşbütünleme Yaklaşımı”, Marmara Üniversitesiİ İ.İ.B.F. Dergisi, 26(1), 483-500.
  • Caporale, G.M., M. Cerrato (2006) “Panel Data Tests of PPP: A Critical Overview”, Applied Financial Economics, 16(1-2), 73-91.
  • Carrion-i-Silverstre, J.L. (2005) “Health Care Expenditure and GDP: Are they Broken Stationary?” Journal of Health Economics, 24(5), 939-854.
  • Carrion-i-Silverstre, J.L., T. Del Barrio-Castro and E. Lopez-Bazo (2005) “Breaking the Panels: An Application to the GDP per Capita”, Econometrics Journal, 8(2), 159-175.
  • Cassel, G. (1918) “Abnormal Deviations in International Exchanges”, The Economic Journal, 28(112), 413-415.
  • Cerrato, M., N. Sarantis (2004) “Cross Setional Dependence, Panel Unit Root Tests, and Purchasing Power Parity”, D.P. no. 04-2, Centre for International Capital Markets, London Metropolitan University.
  • Cheung, Y.W., K.S. Lai (1993) “A Fractional Cointegration Analysis of Purchasing Power Parity”, Journal of Business and Economic Statistics, 11, 103-12.
  • Choi, I. (2001) “Unit Roots Tests for Panel Data”, Journal of International Money and Finance, 20, 229-272.
  • Chortareas, G.E., G. Kapetanios, Y. Shin (2002) “Nonlinear Mean Reversion in Real Exchange Rates”, Economics Letters, 7, 411–417.
  • Coakley, J., S. Snaith (2004) “Testing for Long Run Relative Purchasing Power Parity in Europe”, http://repec.org/mmfc04/34.pdf.
  • Cuddington, J.T., H. Liang (2000) “Purchasing Power Parity Over Two Centuries?”, Journal of International Money and Finance, 19, 753–757.
  • Drine, I., C. Rault (2003) “A Re-Examination of the Purchasing Power Parity using Non-Stationary Dynamic Panelmethods: A Comparative Approach for Developing and Developed Countries”, William Davidson Working Paper Number 570.
  • Dushko, J., C. Koteski (2011) “Analysis of Purchasing Power Parity with Data for Macedonia”, http://ssrn.com/abstract=1875047
  • Enders, W., K. Chumrusphonlert (2004) “Threshold Cointegration and Purchasing Power Parity in the Pacific Nations”, Applied Economics, 36, 889–96.
  • Erlat, H. (2004) “Unit Roots or Nonlinear Stationarity in Turkish Real Exchange Rates”, Applied Economics Letters, 11, 645-650.
  • Erlat, H. (2009) “Persistence in Turkish Real Exchange Rates: Panel Approaches”, FIW Working Paper series with number 029.
  • Erlat, H., N. Özdemir (2003) “A Panel Approach to Investigating the Persistence in Turkish Real Exchange Rates”, Topics in Middle Eastern and North African Economies, 5, 1-21.
  • Fisher, E. O'N., J.Y. Park (1991) “Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration”, The Economic Journal, 101(409), 1476- 1484.
  • Fleissig, A.R., J. Strauss (2000) “Panel Unit Root Tests of Purchasing Power Parity for Price Indices”, Journal of International Money and Finance, 19(4), 489- 506.
  • Güloglu B., S. Ispir (2011) “Testing the Validity of Quasi PPP Hypothesis: Evidence from A Recent Panel Unit Root Test With Structural Breaks”, Applied Economics Letters, 18(18), 1817-1822.
  • Güloğlu, B., M.S. İspir (2011) “Doğal İşsizlik Oranı mı? İşsizlik Histerisi mi? Türkiye İçin Sektörel Panel Birim Kök Sınaması Analizi”, Ege Akademik Bakış, 11(2), 205-215.
  • Hadri, K. (2000) “Testing for Stationarity in Heterogenous Panels.” Econometrics Journal, 3, 148-161.
  • Heimonen, K. (1999) “Stationarity of the European Real Exchange Rates – Evidence from Panel Data”, Applied Economics, 31, 673-677.
  • Im, K., H. Pesaran, Y. Shin (2003) “Testing for Unit Roots in Heterogenous Panels” Journal of Econometrics, 115(1), 53-74.
  • Jenkins, M.A., S.M. Snaith (2005) “Tests of Purchasing Power Parity via Cointegration Analysis of Heterogeneous Panels with Consumer Price Indices”, Journal of Macroeconomics, 27, 345–362.
  • Kalyoncu, H., K. Kalyoncu (2008) “Purchasing Power Parity in OECD Countries: Evidence from Panel Unit Root”, Economic Modeling, 25(3), 440-445.
  • Kasman, S., A. Kasman, D. Ayhan (2010) “Testing the Purchasing Power Parity Hypothesis for the New Member and Candidate Countries of the European Union: Evidence from Lagrange Multiplier Unit Root Tests with Structural Breaks”, Emerging Markets Finance and Trade, 46(2), 53-65.
  • Koukouritakis, M. (2009) “Testing the Purchasing Power Parity: Evidence from the New Eucountries”, Applied Economics Letters, 16(1), 39-44.
  • Kuo, B., A. Mikkola (2001) “How Sure are we About Purchasing Power Parity? Panel Evidence with the Null of Stationary Real Exchange Rates”, Journal of Money, Credit and Banking, 33(3), 767-789.
  • Levin, A., C. Lin,d J. Chu (2002) “Unit Roots Tests in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 1-24.
  • Liew, V.K-S. (2003) “The Validity of PPP Revisited: An Application of Non-linear Unit Root Test”, http://EconPapers.repec.org/RePEc:wpa:wuwpif:0308001.
  • Liu, J., S. Wu, J.V. Zidek (1997) “On Segmented Multivariate Regressions”, Statistica Sinica, 7, 497-525.
  • Lothian, J.R., M.P. Taylor (1996) “Real Exchange Rate Behaviour: the Recent Float from the Perspective of the Past Two Centuries”, Journal of Political Economy, 104(3), 488-509.
  • Lopez, C. (2003) “An Improved Panel Unit Root Test Using GLS-Detrending”, University of Cincinnati, Economics Working Papers Series 2003-06.
  • Luintel, K. (2001) “Heterogeneous Panel Unit Root Tests and Purchasing Power Parity”, The Manchester School Supplement, 69(1), 42-56.
  • Maddala, G.S., S. Wu (1999) “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test” Oxford Bulletin of Economics and Statistics, 61, 631-652.
  • Mkenda, B.K. (2001) “An Empirical Test of Purchasing Power Parity in Selected African Countries-a Panel Data Approach”, Working Papers in Economics No 39, Department of Economics, Göteborg University.
  • Mohsen, N., A. Mobarak (2010) “Resource Dependency and the Empirical Validity of PPP: The Oil Exporter Countries”, World Applied Sciences Journal, 19(8),
  • Muhammad, S.D., M, Umer, I. Lal (200) “Tests of Purchasing Power Parity: Extent of Pakistan”, European Journal of Scientific Research, 37(4), 608-615.
  • Nagayasu, J. (1998) “Does the Long-run PPP hypothesis Holdfor Africa? Evidence from Panel Cointegration”, IMF Working Paper WP/98/123.
  • Narayan, P.K. (2005) “New Evidence on Purchasing Power Parity from 17 OECD Countries”, Applied Economics, 37(9), 1063 -1071.
  • Narayan, P.K. (2006) “Are Bilateral Real Exchange Rates Stationary? Evidence from Lagrange Multiplier Unit Root Tests for India”, Applied Economics, 38(1), 63-70.
  • Narayan, P.K., S. Narayan (2007) “Are Real Exchange Rates Nonlinear with a Unit Root? Evidence on PPP for Italy: A note”, Applied Economics, 39(19), 2483-2488.
  • Narayan, P.K. (2010) “Evidence on PPP for Selected Asian Countries from a Panel Cointegration Test with Structural Breaks”, Applied Economics, 42(3), 325- 332.
  • Nusair, S.A. (2003) “Testing the Validity of Purchasing Power Parity for Asian Countries During The Current Float”, Journal of Economic Development, 28(2), 129-147.
  • O'Connell, P. (1998) “The Overvaluation of Purchasing Power Parity”, Journal of International Economics, 44, 1-19.
  • Olayungbo, D.O. (2011) “Purchasing Power Parity in Selected Sub-Saharan African Countries: Evidence from Panel Unit-Root Tests”, Journal of Emerging Trends in Economics and Management Sciences (JETEMS), 2(4), 270
  • Pedroni, P. (2001) “Purchasing Power Parity Tests in Cointegrated Panels”, The Review of Economics and Statistics, 83(4), 727–731.
  • Perron, P. (1989) “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Econometrica, 57, 1361–401.
  • Pesaran, H. (2004) “General Diagnostic Tests for Cross Section Dependence in Panels, University of Cambridge Working Paper, 0435.
  • Ridzuan, R., E.M. Ahmed (2011) “Testing the Evidence of Purchasing Power Parity for Asean-5 Countries Using Panel Estimation”, International Journal of Economics and Business Modeling, 2(1), 42-56.
  • Shively, P. (2003) “Threshold Stationary Real Exchange Rates: A Nonlinear, Multivariate Approach” Economics Bulletin, 6(2), 1−11.
  • Sideris, D. (2006) “Purchasing Power Parity in Economies in Transition: Evidence from Central and East European Countries”, Applied Financial Economics, 16(1- 2), 135-143.
  • Tastan, H. (2005) “Do Real Exchange Rates Contain a Unit Root? Evidence from Turkish data”, Applied Economics, 37(17), 2037-2053.
  • Tatoğlu, F.Y. (2009) “Reel Efektif Döviz Kurunun Durağanlığının Yapısal Kırılmalı Panel Birim Kök Testleri Kullanılarak Sınanması”, Doğuş Üniversitesi Dergisi, 10(2), 310-323.
  • Tsangyao, C., L. Wen-Chi, Y. Chin-Ping (2010) “Revisiting Purchasing Power Parity for G7 Countries: Further Evidence based on Panel SURKSS Tests”, Applied Economics Letters, 17(14), 1383-1387.
  • Wagner, M. (2008) “On PPP, Unit Roots and Panels”, Empirical Economics, Springer, 35(2), 229-249.
  • Wu, J.L., S.L. Chen (1999). Are Real Exchange Rates Stationary Based on Panel Unit- root Tests? Evidence from Pacific Basin Countries, International Journal of Finance and Economics, 4, 243-252.
  • Yazgan, M.E. (2003) “The Purchasing Power Parity Hypothesis for a High Inflation Country: A Reexamination of the Case of Turkey”, Applied Economics Letters, 10(3), 143-147.
Toplam 76 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Yazarlar

Burcu Özcan

Yayımlanma Tarihi 31 Aralık 2012
Gönderilme Tarihi 13 Nisan 2015
Yayımlandığı Sayı Yıl 2012 Cilt: 30 Sayı: 2

Kaynak Göster

APA Özcan, B. (2012). SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 30(2), 137-161.
AMA Özcan B. SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. Aralık 2012;30(2):137-161.
Chicago Özcan, Burcu. “SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 30, sy. 2 (Aralık 2012): 137-61.
EndNote Özcan B (01 Aralık 2012) SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 30 2 137–161.
IEEE B. Özcan, “SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 30, sy. 2, ss. 137–161, 2012.
ISNAD Özcan, Burcu. “SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 30/2 (Aralık 2012), 137-161.
JAMA Özcan B. SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2012;30:137–161.
MLA Özcan, Burcu. “SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, c. 30, sy. 2, 2012, ss. 137-61.
Vancouver Özcan B. SATIN ALMA GÜCÜ PARİTESİ G7 ÜLKELERİ İÇİN GEÇERLİ Mİ?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2012;30(2):137-61.

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