The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests

This study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot a...

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Bibliographic Details
Main Author:	Hakan Kum
Format:	Article
Language:	English
Published:	EconJournals 2012-09-01
Series:	International Journal of Economics and Financial Issues
Subjects:	purchasing power parity ppp structural breaks turkish economy
Online Access:	https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturk

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record_format	Article
spelling	doaj-8ea846fe57b34be28fea8ab8d36674c92020-11-25T02:10:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-09-01232412451032The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root TestsHakan KumThis study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot and Andrews and Lagrange Multiplier unit root tests.https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturkpurchasing power parity ppp structural breaks turkish economy
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Hakan Kum
spellingShingle	Hakan Kum The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests International Journal of Economics and Financial Issues purchasing power parity ppp structural breaks turkish economy
author_facet	Hakan Kum
author_sort	Hakan Kum
title	The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
title_short	The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
title_full	The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
title_fullStr	The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
title_full_unstemmed	The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests
title_sort	impact of structural break(s) on the validity of purchasing power parity in turkey: evidence from zivot-andrews and lagrange multiplier unit root tests
publisher	EconJournals
series	International Journal of Economics and Financial Issues
issn	2146-4138
publishDate	2012-09-01
description	This study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with the presence of structural breaks which are obtained by Zivot and Andrews and Lagrange Multiplier unit root tests.
topic	purchasing power parity ppp structural breaks turkish economy
url	https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351839?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv	AT hakankum theimpactofstructuralbreaksonthevalidityofpurchasingpowerparityinturkeyevidencefromzivotandrewsandlagrangemultiplierunitroottests AT hakankum impactofstructuralbreaksonthevalidityofpurchasingpowerparityinturkeyevidencefromzivotandrewsandlagrangemultiplierunitroottests
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The Impact of Structural Break(s) on the Validity of Purchasing Power Parity in Turkey: Evidence from Zivot-Andrews and Lagrange Multiplier Unit Root Tests

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