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Year 2009, Volume: 26 Issue: 1, 483 - 500, 11.03.2015

Ebru Çağlayan , Nazan Şak

Abstract

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Keywords

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References

  • ABUAF, N. ve JORION P., “Purchasing Power Parity in the Long Run”, The Journal of Finance, 45, 1990, s. 157-174.
  • ACARAVCI, S. K. ve ACARAVCI, A., “Purchasing Power Parity Under the Current Float”, International Research Journal of Finance and Economics, Issue 10, 2007, s. 167-174.
  • AKGÜL, I., “Satınalma Gücü Paritesi: Uzun Dönem Yaklaşımı”, Marmara Üniversitesi Ekonometri Dergisi, 1995, s. 61-100.
  • AKRAM, Q.F., “PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate”, University of Oxford Discussion Paper Series, ISSN 1471-0498, 2000, s. 1-59.
  • ALBA, J. D. ve PAPELL, D., “Purchasing Power Parity and Country Characteristics: Evidence from the Panel Data Tests”, Journal of Development Economics, vol. 83, 2007, s. 240-251.
  • ASLAN, N. ve KANBUR, A., “Türkiye’de 1980 Sonrası Satın Alma Gücü Paritesi Yaklaşımı”, Marmara Üniversitesi İ.İ.B.F. Dergisi, Cilt 23, Sayı 2, 2007, s. 9-43.
  • BASHER, S. A. ve MOHSIN, M., “PPP Tests in Cointegrated Panels: Evidence from Asian Developing Countries”, Applied Economics Letters, vol. 11(3), 2004, s. 163- 166.
  • BENASSY- QUERE, A., DURAN- VIGNERON, P., LAHRECHE- REVIL, A. ve MIGNON, V., “Real Equilibrium Exchange Rates: A G20 Panel Cointegration Approach”, THEMA Working Paper, No: 2005(03), 2005, s. 1-24.
  • BJORNLAND, H.C. ve HUNGNES, H., “Fundamental Determinants of the Long Run Exchange Rates: The Case of Norway”, Discussion Papers : 326, 2002, s. 1-37.
  • BRISSIMIS, S.N., SIDERIS, D.S. ve VOUMVAKI, F.K., “Testing Long Run Purchasing Power Parity under Exchange Rate Targeting”, Journal International Money and Finance, vol. 24, Issue. 6, 2005, s. 959-981.
  • CALDERON, C. ve DUNCAN ,R. “Purchasing Power Parity in an Emerging Market Economy: A Long- Span Study for Chile”, Estudios de Economia, vol. 30, No. 1, 2003, s. 103-132.
  • CASSEL, G., “Abnormal Deviations in International Exchanges”, Economics Journal,28, 1918, s.413-415.
  • CERRATO, M. ve SARANTIS, N., “Does the Purchasing Power Parity Hold in Emerging Markets? Evidence from a Panel of Black Market Exchange Rates”, International Journal of Finance and Economics, vol. 12(4), 2007, s. 427-444.
  • CİVCİR, İ., “Before the fall was the Türkish Lira Overvalued?”, Eastern European Economics, vol. 41(2), 2003, s. 69-99.
  • CULVER, S.E. ve PAPELL, D., “Long Run Purchasing Power Parity with Short Run Data: Evidence with a Null Hypothesis of Stationarity”, Journal of International Money and Finance, vol.18, Issue 5, 1999, s. 751-768.
  • ÇAĞLAYAN, E. ve SAÇAKLI, İ., “Satın Alma Gücü Paritesinin Geçerliliğinin Sıfır Frekansta Spektrum Tahmincisine Dayanan Birim Kök Testleri ile İncelenmesi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.20, No.1, 2006, s.121- 137.7
  • DICKEY, D.A. ve FULLER, W.A., “Distribution of the Estimators for Autoregressive Time Series with a Unit Root”, Journal of American Statistical Association, 1979, s. 427-431.
  • DİBOOĞLU, S., “Real Disturbances, Relative Prices and Purchasing Power Parity”, Journal of Macroeconomics, vol. 18, Issue 1, 1996, s. 69-87.
  • DRINE, I. ve RAULT, C., “Purchasing Power Parity for developing and developed countries. What can we learn from non-stationary panel data models?”, Journal of Economic Surveys, Volume 22, Issue 4, 2008, s.752-773.
  • EDWARD, S., “Exchange Rate Misalignment in Developing Countries”, Discussion Paper, No: 442, 1987, s. 1-56.
  • ERLAT, H. ve ÖZDEMİR, N., “A Panel Approach to Investigating the Persistence in Turkish Real Exchange Rates”, Topics in Middle Eastern and North African Economies, 5, 2003, s. 1-21
  • ERLAT, H., “The Nature of Persistence in Turkish Real Exchange Rates”, Emerging Markets Finance and Trade, vol. 39, No. 2, 2003, s. 70-97.
  • IM, S.K., PESARAN, M.H. ve SHIN, Y., “Testing for Unit Roots in Heterogeneous Panels”, Cambridge University, 1997, s. 1-30.
  • ISLAM, A.M. ve AHMED, S.M., “The Purchasing Power Parity Relationship: Causality and Cointegration Tests Using Korea/US Exchange Rates and Prices”, Journal of Economic Development, vol. 24, No. 2, 1999, s. 95-111.
  • KASUYA, M. ve UEDA, K., “Testing the Purchasing Power Parity Hypothesis”, Bank of Japan Working Paper Series, 00-03, 2000, s.1-19.
  • KIM, Y., “Purchasing Power Parity in the Long Run: A Cointegration Approach”, Journal of Money, Credit and Banking, 22(4), 1990, s. 491-503.
  • LAFRANCE, R. ve LAWRENCE, S., “Purchasing Power Parity: Definition, Measurement and Interpretation”, Bank of Canada Review, 2002, s. 27-33.
  • LAHTINEN, M., “Long Run Deviations from the Purchasing Power Parity Between German Mark and US Dolar”, Tampere Economic Working Papers, 19, 2003, s. 1-48.
  • LEVIN, A., LIN, C.F. ve CHU, C. S. J., “Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 2002, s. 1-24.
  • LOTHIAN, J.R. ve TAYLOR, M.P., “The Recent Float from the Perspective of the Past Two Centuries”, The Journal of Political Economy, vol. 104, Issue. 3, 1996, s. 488- 509.
  • MACKINTOSH, M., BROWN, V., COSTELLO, N., DAWSON, G., THOMPSON G. ve TRIGG, A., Economics and Changing Economies, International Thamson Business Press, London, 1996.
  • PAPELL, D.H., “Searching for Stationarity :Purchasing Power Parity Under the Current Float”, Journal of International Economics, vol. 43, Issue. 3-4, 1997, s. 313-332.
  • PEDRONI, P., “Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors”, Oxford Bulletin of Economics and Statistic, Special issue, 0305-9049, 1999, s. 653-670.
  • RAMIREZ, M.D. ve KHAN, S., “A Cointegration Analysis Purchasing Power Parity: 1973-1996”, International Advances in Economic Research, vol. 5, No. 3, 1999, s. 369-385.
  • SAYYAN, H., “Satınalma Gücü Paritesi: Vektör Hata Giderme Modeli Yaklaşımı”, İktisat, İşletme ve Finans Dergisi, Temmuz, 2005, s. 96-104.
  • SEYİDOĞLU, H. , Uluslararası İktisat Teori, Politika ve Uygulama, Geliştirilmiş 14. Baskı, Güzem Yayınları, İstanbul, 2001.
  • SIDERIS, D., “Testing for Long Run in a System Context: Evidence for the US, Germany and Japan”, Journal of International Financial Markets, Institution and Money, vol.16, Issue, 2, 2006, s. 1-19.
  • ŞAK, N., “OECD Ülkelerinde Satınalma Gücü Paritesinin Geçerliliğinin Panel Eşbütünleme Yaklaşımı ile İncelenmesi”, Yayımlanmamış Yükseklisans Tezi, İstanbul, Marmara Üniversitesi Sosyal Bilimler Enstitüsü, 2006.
  • TAYLOR, A.M., “ A Century of Purchasing Power Parity”, The Review of Economics and Statistics, vol. 84, No. 1, 2002, s. 139-150.
  • TELATAR, E., “Kısa-Dönem Döviz Kuru Belirsizliğinin Ölçülmesi: GARCH Modeli”, 2, Hazine Dergisi, 1996, s.103-116.
  • YAN, B., “Purchasing Power Parity: A Canada/ US Exploration”, Economic Analysis Series 11F0027 MIE Working Paper, No. 002, 2002, s. 1-45.The World Bank, World Development Report 2007

OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI

Year 2009, Volume: 26 Issue: 1, 483 - 500, 11.03.2015

Ebru Çağlayan , Nazan Şak

Abstract

Bu çalışma OECD ülkeleri için satınalma gücü paritesinin geçerli olup olmadığını incelemektedir. Çalışmada, OECD ülkeleri incelenirken, yüksek ve düşük gelir grubunda olan ülkeler şeklinde sınıflandırılmıştır. Burada panel veriler kullanılarak panel birim kök ve panel eşbütünleme analizleri yapılmıştır. Analiz sonucunda elde edilen bulgular, satınalma gücü paritesi yaklaşımının OECD ülkeleri için desteklenmediğini göstermiştir.

Keywords

Satınalma Gücü Paritesi Panel Birim Kök Panel Eşbütünleme Yüksek Gelir Grubundaki Ülkeler Düşük Gelir Grubundaki Ülkeler

References

  • ABUAF, N. ve JORION P., “Purchasing Power Parity in the Long Run”, The Journal of Finance, 45, 1990, s. 157-174.
  • ACARAVCI, S. K. ve ACARAVCI, A., “Purchasing Power Parity Under the Current Float”, International Research Journal of Finance and Economics, Issue 10, 2007, s. 167-174.
  • AKGÜL, I., “Satınalma Gücü Paritesi: Uzun Dönem Yaklaşımı”, Marmara Üniversitesi Ekonometri Dergisi, 1995, s. 61-100.
  • AKRAM, Q.F., “PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate”, University of Oxford Discussion Paper Series, ISSN 1471-0498, 2000, s. 1-59.
  • ALBA, J. D. ve PAPELL, D., “Purchasing Power Parity and Country Characteristics: Evidence from the Panel Data Tests”, Journal of Development Economics, vol. 83, 2007, s. 240-251.
  • ASLAN, N. ve KANBUR, A., “Türkiye’de 1980 Sonrası Satın Alma Gücü Paritesi Yaklaşımı”, Marmara Üniversitesi İ.İ.B.F. Dergisi, Cilt 23, Sayı 2, 2007, s. 9-43.
  • BASHER, S. A. ve MOHSIN, M., “PPP Tests in Cointegrated Panels: Evidence from Asian Developing Countries”, Applied Economics Letters, vol. 11(3), 2004, s. 163- 166.
  • BENASSY- QUERE, A., DURAN- VIGNERON, P., LAHRECHE- REVIL, A. ve MIGNON, V., “Real Equilibrium Exchange Rates: A G20 Panel Cointegration Approach”, THEMA Working Paper, No: 2005(03), 2005, s. 1-24.
  • BJORNLAND, H.C. ve HUNGNES, H., “Fundamental Determinants of the Long Run Exchange Rates: The Case of Norway”, Discussion Papers : 326, 2002, s. 1-37.
  • BRISSIMIS, S.N., SIDERIS, D.S. ve VOUMVAKI, F.K., “Testing Long Run Purchasing Power Parity under Exchange Rate Targeting”, Journal International Money and Finance, vol. 24, Issue. 6, 2005, s. 959-981.
  • CALDERON, C. ve DUNCAN ,R. “Purchasing Power Parity in an Emerging Market Economy: A Long- Span Study for Chile”, Estudios de Economia, vol. 30, No. 1, 2003, s. 103-132.
  • CASSEL, G., “Abnormal Deviations in International Exchanges”, Economics Journal,28, 1918, s.413-415.
  • CERRATO, M. ve SARANTIS, N., “Does the Purchasing Power Parity Hold in Emerging Markets? Evidence from a Panel of Black Market Exchange Rates”, International Journal of Finance and Economics, vol. 12(4), 2007, s. 427-444.
  • CİVCİR, İ., “Before the fall was the Türkish Lira Overvalued?”, Eastern European Economics, vol. 41(2), 2003, s. 69-99.
  • CULVER, S.E. ve PAPELL, D., “Long Run Purchasing Power Parity with Short Run Data: Evidence with a Null Hypothesis of Stationarity”, Journal of International Money and Finance, vol.18, Issue 5, 1999, s. 751-768.
  • ÇAĞLAYAN, E. ve SAÇAKLI, İ., “Satın Alma Gücü Paritesinin Geçerliliğinin Sıfır Frekansta Spektrum Tahmincisine Dayanan Birim Kök Testleri ile İncelenmesi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.20, No.1, 2006, s.121- 137.7
  • DICKEY, D.A. ve FULLER, W.A., “Distribution of the Estimators for Autoregressive Time Series with a Unit Root”, Journal of American Statistical Association, 1979, s. 427-431.
  • DİBOOĞLU, S., “Real Disturbances, Relative Prices and Purchasing Power Parity”, Journal of Macroeconomics, vol. 18, Issue 1, 1996, s. 69-87.
  • DRINE, I. ve RAULT, C., “Purchasing Power Parity for developing and developed countries. What can we learn from non-stationary panel data models?”, Journal of Economic Surveys, Volume 22, Issue 4, 2008, s.752-773.
  • EDWARD, S., “Exchange Rate Misalignment in Developing Countries”, Discussion Paper, No: 442, 1987, s. 1-56.
  • ERLAT, H. ve ÖZDEMİR, N., “A Panel Approach to Investigating the Persistence in Turkish Real Exchange Rates”, Topics in Middle Eastern and North African Economies, 5, 2003, s. 1-21
  • ERLAT, H., “The Nature of Persistence in Turkish Real Exchange Rates”, Emerging Markets Finance and Trade, vol. 39, No. 2, 2003, s. 70-97.
  • IM, S.K., PESARAN, M.H. ve SHIN, Y., “Testing for Unit Roots in Heterogeneous Panels”, Cambridge University, 1997, s. 1-30.
  • ISLAM, A.M. ve AHMED, S.M., “The Purchasing Power Parity Relationship: Causality and Cointegration Tests Using Korea/US Exchange Rates and Prices”, Journal of Economic Development, vol. 24, No. 2, 1999, s. 95-111.
  • KASUYA, M. ve UEDA, K., “Testing the Purchasing Power Parity Hypothesis”, Bank of Japan Working Paper Series, 00-03, 2000, s.1-19.
  • KIM, Y., “Purchasing Power Parity in the Long Run: A Cointegration Approach”, Journal of Money, Credit and Banking, 22(4), 1990, s. 491-503.
  • LAFRANCE, R. ve LAWRENCE, S., “Purchasing Power Parity: Definition, Measurement and Interpretation”, Bank of Canada Review, 2002, s. 27-33.
  • LAHTINEN, M., “Long Run Deviations from the Purchasing Power Parity Between German Mark and US Dolar”, Tampere Economic Working Papers, 19, 2003, s. 1-48.
  • LEVIN, A., LIN, C.F. ve CHU, C. S. J., “Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties”, Journal of Econometrics, 108, 2002, s. 1-24.
  • LOTHIAN, J.R. ve TAYLOR, M.P., “The Recent Float from the Perspective of the Past Two Centuries”, The Journal of Political Economy, vol. 104, Issue. 3, 1996, s. 488- 509.
  • MACKINTOSH, M., BROWN, V., COSTELLO, N., DAWSON, G., THOMPSON G. ve TRIGG, A., Economics and Changing Economies, International Thamson Business Press, London, 1996.
  • PAPELL, D.H., “Searching for Stationarity :Purchasing Power Parity Under the Current Float”, Journal of International Economics, vol. 43, Issue. 3-4, 1997, s. 313-332.
  • PEDRONI, P., “Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors”, Oxford Bulletin of Economics and Statistic, Special issue, 0305-9049, 1999, s. 653-670.
  • RAMIREZ, M.D. ve KHAN, S., “A Cointegration Analysis Purchasing Power Parity: 1973-1996”, International Advances in Economic Research, vol. 5, No. 3, 1999, s. 369-385.
  • SAYYAN, H., “Satınalma Gücü Paritesi: Vektör Hata Giderme Modeli Yaklaşımı”, İktisat, İşletme ve Finans Dergisi, Temmuz, 2005, s. 96-104.
  • SEYİDOĞLU, H. , Uluslararası İktisat Teori, Politika ve Uygulama, Geliştirilmiş 14. Baskı, Güzem Yayınları, İstanbul, 2001.
  • SIDERIS, D., “Testing for Long Run in a System Context: Evidence for the US, Germany and Japan”, Journal of International Financial Markets, Institution and Money, vol.16, Issue, 2, 2006, s. 1-19.
  • ŞAK, N., “OECD Ülkelerinde Satınalma Gücü Paritesinin Geçerliliğinin Panel Eşbütünleme Yaklaşımı ile İncelenmesi”, Yayımlanmamış Yükseklisans Tezi, İstanbul, Marmara Üniversitesi Sosyal Bilimler Enstitüsü, 2006.
  • TAYLOR, A.M., “ A Century of Purchasing Power Parity”, The Review of Economics and Statistics, vol. 84, No. 1, 2002, s. 139-150.
  • TELATAR, E., “Kısa-Dönem Döviz Kuru Belirsizliğinin Ölçülmesi: GARCH Modeli”, 2, Hazine Dergisi, 1996, s.103-116.
  • YAN, B., “Purchasing Power Parity: A Canada/ US Exploration”, Economic Analysis Series 11F0027 MIE Working Paper, No. 002, 2002, s. 1-45.The World Bank, World Development Report 2007
There are 41 citations in total.

Details

Primary Language Turkish
Journal Section Makaleler
Authors

Ebru Çağlayan

Nazan Şak This is me

Publication Date March 11, 2015
Submission Date March 8, 2014
Published in Issue Year 2009 Volume: 26 Issue: 1

Cite

APA Çağlayan, E., & Şak, N. (2015). OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 26(1), 483-500.
AMA Çağlayan E, Şak N. OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. March 2015;26(1):483-500.
Chicago Çağlayan, Ebru, and Nazan Şak. “OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 26, no. 1 (March 2015): 483-500.
EndNote Çağlayan E, Şak N (March 1, 2015) OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 26 1 483–500.
IEEE E. Çağlayan and N. Şak, “OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol. 26, no. 1, pp. 483–500, 2015.
ISNAD Çağlayan, Ebru - Şak, Nazan. “OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 26/1 (March 2015), 483-500.
JAMA Çağlayan E, Şak N. OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2015;26:483–500.
MLA Çağlayan, Ebru and Nazan Şak. “OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, vol. 26, no. 1, 2015, pp. 483-00.
Vancouver Çağlayan E, Şak N. OECD ÜLKELERİNDE SATINALMA GÜCÜ PARİTESİ: PANEL EŞBÜTÜNLEME YAKLAŞIMI. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2015;26(1):483-500.

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