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EXAMINATION OF THE VALIDITY OF PURCHASING POWER PARITY(PPP) WITH FRACTURED FOURIER UNIT ROOT TESTS:THE CASE OF FRAGILE FIVE COUNTRIES

Journal of Applied Research in Finance and Economics

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Title EXAMINATION OF THE VALIDITY OF PURCHASING POWER PARITY(PPP) WITH FRACTURED FOURIER UNIT ROOT TESTS:THE CASE OF FRAGILE FIVE COUNTRIES
 
Creator AYDIN, MEHMET
 
Description The aim of this study is to analyse the stationarity of the real exchange rate for fragile five countries(Brazil, Indonesia, India, Turkey and South Africa).For this purpose, firstly whether the series are linear or not were investigated by the Harvey and Leybourne (2007) and Harvey et al.(2008), in line with the results found the validity of PPP has tested with the fourier adaptations of the appropriate unit root tests.According to results, it is concluded that the PPP is valid only for Turkey between 1994M01-2017M07, whereas the results are not valid for other countries.
 
Publisher Journal of Applied Research in Finance and Economics
 
Date 2017-12-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.jarfe.org/index.php/jarfe/article/view/28
 
Source Journal of Applied Research in Finance and Economics; Vol 3 No 4 (2017): Issue 3-4; 18-28
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/28/29
 
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