Levent, Korap (2007): Modeling purchasing power parity using cointegration: evidence from Turkey. Published in: The Journal of American Academy of Business, Cambridge , Vol. 11, No. 2 (September 2007): pp. 5157.

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Abstract
In this study, we consruct a cointegration model of the Turkish economy using high frequency data to examine the validity of the purchasing power parity (PPP) theory. The expost estimation results derived from the analysis of monthly observations for the January 1987 – December 2004 period generally support the use of the PPP theory in predicting the movement of currency values in the Turkish economy.The methodology developed in this study can be used in other countries to ensure the success of economic policies that depend on the existence of PPP relationship.
Item Type:  MPRA Paper 

Original Title:  Modeling purchasing power parity using cointegration: evidence from Turkey 
English Title:  Modeling purchasing power parity using cointegration: evidence from Turkey 
Language:  English 
Keywords:  Purchasing Poer Parity ; Cointegration ; Turkish Economy ; 
Subjects:  C  Mathematical and Quantitative Methods > C3  Multiple or Simultaneous Equation Models ; Multiple Variables > C32  TimeSeries Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models F  International Economics > F4  Macroeconomic Aspects of International Trade and Finance > F41  Open Economy Macroeconomics F  International Economics > F3  International Finance > F31  Foreign Exchange 
Item ID:  19584 
Depositing User:  Levent Korap 
Date Deposited:  25. Dec 2009 10:44 
Last Modified:  15. Feb 2013 15:56 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/19584 