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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

Year 2012, Volume: 2 Issue: 3, 241 - 245, 01.09.2012

Hakan Kum

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

Year 2012, Volume: 2 Issue: 3, 241 - 245, 01.09.2012

Hakan Kum

Abstract

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Details

Other ID JA99YK57CG
Journal Section Research Article
Authors

Hakan Kum This is me

Publication Date September 1, 2012
Published in Issue Year 2012 Volume: 2 Issue: 3

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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.
AMA 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. September 2012;2(3):241-245.
Chicago 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, no. 3 (September 2012): 241-45.
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 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, 2012.
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 2012), 241-245.
JAMA 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, 2012, pp. 241-5.
Vancouver 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):241-5.