ASEAN Ülkelerinde Satın Alma Gücü Paritesi Hipotezinin Geçerliliğine İlişkin Bir Analiz

Abstract

Bu çalışmanın amacı, satın alma gücü paritesi hipotezinin geçerliliğini ASEAN (Endonezya, Malezya, Tayland, Filipinler, Singapur, Brunei, Vietnam, Laos, Kamboçya) ülkeleri için yatay kesit bağımlılığı yanı sıra yapısal kırılmaları göz önüne alan panel birim kök testleri yardımı ile test etmektir. Bu amaçla 1995:01-2017:05 arası döneme ait aylık verilerden yararlanılmıştır. Yapısal kırılmaları göz önüne alan Panel LM test sonuçlarına göre ASEAN ülkeleri için satın alma gücü paritesi hipotezinin geçerli olduğuna ilişkin bulgulara ulaşılmıştır.   

Keywords

• Satın Alma Gücü Paritesi,Reel Döviz Kuru,Birinci Nesil Panel Birim Kök Testi

An Analysis on the Validity of Purchasing Power Parity Hypothesis in ASEAN Countries

Abstract

The aim of this study is to test the validity of the purchasing power parity hypothesis with the help of panel unit root tests taking into account the cross-sectional dependence as well as structural breaks for ASEAN (Indonesia, Malaysia, Thailand, Philippines, Singapore, Brunei, Vietnam, Laos, Cambodia). For this purpose, monthly data for the period 1995: 01-2017: 05 was used. According to the results of the Panel LM test which takes into account the structural breaks, it was found that the hypothesis of purchasing power parity is valid for ASEAN countries.

Keywords

• Purchasing Power Parity,Real Exchange Rate,First Generation Panel Unit Root Test

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