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

Hakan Kum

EN

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

Abstract

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.

Keywords

Purchasing power parity, PPP, Structural Breaks, Turkish Economy

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Hakan Kum This is me

Publication Date

September 1, 2012

Submission Date

September 1, 2012

Acceptance Date

-

Published in Issue

Year 2012 Volume: 2 Number: 3

IZ

https://izlik.org/JA63FH46MM

Cite

RIS / Bibtex

APA

Kum, H. (2012). 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, 2(3), 241-245. https://izlik.org/JA63FH46MM

AMA

1.Kum H. 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. IJEFI. 2012;2(3):241-245. https://izlik.org/JA63FH46MM

Chicago

Kum, Hakan. 2012. “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 2 (3): 241-45. https://izlik.org/JA63FH46MM.

EndNote

Kum H (September 1, 2012) 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 2 3 241–245.

IEEE

[1]H. 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”, IJEFI, vol. 2, no. 3, pp. 241–245, Sept. 2012, [Online]. Available: https://izlik.org/JA63FH46MM

ISNAD

Kum, Hakan. “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 2/3 (September 1, 2012): 241-245. https://izlik.org/JA63FH46MM.

JAMA

1.Kum H. 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. IJEFI. 2012;2:241–245.

MLA

Kum, Hakan. “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, vol. 2, no. 3, Sept. 2012, pp. 241-5, https://izlik.org/JA63FH46MM.

Vancouver

1.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. IJEFI [Internet]. 2012 Sep. 1;2(3):241-5. Available from: https://izlik.org/JA63FH46MM