AN EMPIRICAL NOTE ON PURCHASING POWER PARITY CONDITION: THE CASE OF TURKISH LIRA/US DOLLAR
Yazarlar (1)
Doç. Dr. Hüseyin Levent KORAP Kastamonu Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale) | ||
| Dergi Adı | Economic and Business issues in Retrospect and prospect | ||
| Makale Dili | – | Basım Tarihi | 03-2019 |
| Cilt / Sayı / Sayfa | 0 / 0 / 77–0 | DOI | – |
| Makale Linki | https://books.google.com/books?hl=en&lr=&id=c4KQDwAAQBAJ&oi=fnd&pg=PA77&dq=info:z7v-8l5f-acJ:scholar.google.com&ots=uxDynzhZda&sig=kvwyaW07Lh2dOki0f6qr5KtfwdI | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| The long-run determination of exchange rates has been of a special issue of interest for the researchers when constructing theories and policies in new open economy macroeconomics. Such researches conducted to explore the motives behind the course of policies would reveal the extent to which applying to discretionary policy tools can be succeeded in attaining ex-ante policy targets. Of all these theoretical debates, Purchasing Power Parity (PPP) attracts a considerable attention especially for the post-1973 period following the collapse of the Bretton Woods system.This paper tries to reconsider the PPP approach and test its validity by employing data from the Turkish economy. For this purpose, the rest of the study is organized as follows. The next section outlines some theoretical concepts for the PPP theory in different perspectives. Section III gives an empirical model estimated upon the Turkish economy. Finally, the last section summarizes the results and concludes. |
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