Browsing by Subject "Purchasing power parity"

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    Reassessment of the PPP by error correction mechanism for the Turkish case
    (1990) Özyıldırım, Süheyla
    In this study, most popular exchange determination policy, PPP has been tested for the long-run equilibrium. For the test of long-run equilibrium, autoregressive distributed lag model is constructed and the model is estimated using cointegration test and error correction frameworks. The present study tests PPP within the time periods January 1980 to December 1989 for the TL/USD and the TL/DM cases separately. The findings of the study suggest that in Turkey, PPP will not hold even in the long-run.