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CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA
Abstract
This paper tries to examine that in-country prices from the Turkish economy can be specified as a stationary relationship giving support to the long-run purchasing power parity in economics theory. For this purpose, a sub-regional categorization of the economy is considered over the investigation period of 2005-2012, and, following Esaka 2003 , the study uses a panel estimation framework consisting of 12 disaggregated consumer price indices to search for whether the relative prices of goods between sub-regions of the Turkish economy can be represented by stationary time series properties.
Keywords
References
- ALBA, J.D., PAPELL, D.H. (2007). Purchasing power parity and country characteristics: evidence fron panel data tests. Journal of Development Economics, 83, 240-51. ss.
- ALBA, J.D., PARK, D. (2003). Purchasing power parity in developing countries: multi- period evidence under the current float. World Development, 31, 2049-60. ss.
- AZALI, M., HABIBULLAH, M.S., BAHARUMSHAH, A.Z. (2001). Does PPP hold between
- Asian and Japanese economies? evidence using panel unit root and panel cointegration. Japan and the World Economy, 13, 36-50. ss. BASHER, S.A., MOHSIN, M. (2004). PPP tests in cointegrated panels: evidence from Asian developing countries. Applied Economics Letters, 11, 163-6. ss.
- CERRATO, M., SARANTIS, N. (2008). Symmetry, proportionality and the purchasing power parity: evidence from panel cointegration tests. International Review of Economics and Finance, 17 (1), 56-65. ss.
- CHIU, R.L. (2002). Testing the purchasing power parity in panel data. International Review of Economics and Finance, 11, 349-62. ss.
- CHOI, I. (2001). Unit root tests for panel data. Journal of International Money and Finance, , 249-72. ss.
- ENGEL, C., ROGERS, J.H. (1996). How wide is the border?. American Economic Review, , 1112-25. ss.
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
July 1, 2014
Submission Date
-
Acceptance Date
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Published in Issue
Year 2014 Volume: 15 Number: 2
APA
Mete, M., Gögül, P. K., & Korap, L. (2014). CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA. Doğuş Üniversitesi Dergisi, 15(2), 201-210. https://izlik.org/JA29JP96YD
AMA
1.Mete M, Gögül PK, Korap L. CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA. Doğuş Üniversitesi Dergisi. 2014;15(2):201-210. https://izlik.org/JA29JP96YD
Chicago
Mete, Mustafa, Pelin Karatay Gögül, and Levent Korap. 2014. “CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA”. Doğuş Üniversitesi Dergisi 15 (2): 201-10. https://izlik.org/JA29JP96YD.
EndNote
Mete M, Gögül PK, Korap L (July 1, 2014) CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA. Doğuş Üniversitesi Dergisi 15 2 201–210.
IEEE
[1]M. Mete, P. K. Gögül, and L. Korap, “CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA”, Doğuş Üniversitesi Dergisi, vol. 15, no. 2, pp. 201–210, July 2014, [Online]. Available: https://izlik.org/JA29JP96YD
ISNAD
Mete, Mustafa - Gögül, Pelin Karatay - Korap, Levent. “CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA”. Doğuş Üniversitesi Dergisi 15/2 (July 1, 2014): 201-210. https://izlik.org/JA29JP96YD.
JAMA
1.Mete M, Gögül PK, Korap L. CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA. Doğuş Üniversitesi Dergisi. 2014;15:201–210.
MLA
Mete, Mustafa, et al. “CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA”. Doğuş Üniversitesi Dergisi, vol. 15, no. 2, July 2014, pp. 201-10, https://izlik.org/JA29JP96YD.
Vancouver
1.Mustafa Mete, Pelin Karatay Gögül, Levent Korap. CONVERGENCE OF IN-COUNTRY PRICES FOR THE TURKISH ECONOMY: A PANEL DATA SEARCH FOR THE PPP HYPOTHESIS USING SUB-REGIONAL DISAGGREGATED DATA. Doğuş Üniversitesi Dergisi [Internet]. 2014 Jul. 1;15(2):201-10. Available from: https://izlik.org/JA29JP96YD