Application of periodogram-based cointegration test for the analysis of the services and goods sector inflations

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dc.citation.epage10en_US
dc.citation.issueNumber1en_US
dc.citation.spage3en_US
dc.citation.volumeNumber2en_US
dc.contributor.authorMetin Ozcan, K.en_US
dc.contributor.authorAkdi, Y.en_US
dc.contributor.authorKalafatcilar, K.en_US
dc.date.accessioned2015-07-28T11:59:44Z
dc.date.available2015-07-28T11:59:44Z
dc.date.issued2010en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe differing dynamics of the inflations of the services and goods sectors has been of major concern in Turkey. The persistence of the services sector inflation during disinflation periods hampered the efforts of the Central Bank of Turkey of hitting inflation targets in a country with long-lasting high inflation experience. In search of a possible long-run relationship between the services and goods sectors’ inflations, this paper employs a method based on periodograms of the series in addition to time series tools. A periodogram-based test has pros over conventional tests; this test is model-free, seasonally robust and mean invariant. Empirical findings obtained from the methods employed in this study, Engle-Granger’s and Johansen’s conventional long-run time series tools as well as periodogram based test, suggest that services and goods sector inflations in Turkey are not cointegrated.en_US
dc.identifier.eissn1308-8815
dc.identifier.issn1308-8793
dc.identifier.urihttp://hdl.handle.net/11693/12021
dc.language.isoEnglishen_US
dc.publisherEconometric Research Associationen_US
dc.source.titleInternational Econometric Reviewen_US
dc.subjectCointegrationen_US
dc.subjectPeriodogramen_US
dc.subjectTime-series analysisen_US
dc.subjectInflationen_US
dc.subjectServices sectoren_US
dc.titleApplication of periodogram-based cointegration test for the analysis of the services and goods sector inflationsen_US
dc.typeArticleen_US

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