Are real exchange rates mean reverting? Evidence from a panel of OECD countries
Yazarlar (1)
Doç. Dr. Hüseyin Levent KORAP Kastamonu Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale) | ||
| Dergi Adı | Applied Economics Letters | ||
| Dergi ISSN | 1350-4851 Wos Dergi Scopus Dergi | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | İngilizce | Basım Tarihi | 01-2009 |
| Cilt / Sayı / Sayfa | 16 / 1 / 23–27 | DOI | 10.1080/13504850701735773 |
| Makale Linki | https://www.tandfonline.com/doi/full/10.1080/13504850701735773 | ||
| Özet |
| In our article we employ some contemporaneous panel unit root tests (Maddala and Wu, ; Im et al., ) to examine whether the real exchange rates are mean reverting. Considering a panel of 26 OECD countries from 1987 to 2006 both using monthly and quarterly observations, we find that assuming a panel framework significantly increases the power of unit root tests. As a result, we find that the nonstationarity of the real exchange rate has strongly been rejected in favour of giving support to the purchasing power parity. |
| Anahtar Kelimeler |
Science Direct
Are real exchange rates mean reverting? Evidence from a panel of OECD countries
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Web of Science | 5 |
| Scopus | 6 |
| Google Scholar | 25 |
| Google Scholar | 1 |