ASEAN Ülkelerinde Satın Alma Gücü Paritesi Hipotezinin Geçerliliğine İlişkin Bir Analiz

Year 2019, Volume: 8 Issue: 16, 179 - 186, 31.07.2019

Durmuş Çağrı Yıldırım Seda Yıldırım Selen Çoltu

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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