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dc.contributor.authorAbioğlu, Vasıf
dc.contributor.authorHasanov, Mubariz
dc.date.accessioned2021-12-13T05:00:43Z
dc.date.available2021-12-13T05:00:43Z
dc.date.issued2021en_US
dc.identifier.issn1804-9796
dc.identifier.urihttps:/dx.doi.org/10.52950/ES.2021.10.1.001
dc.identifier.urihttps://hdl.handle.net/20.500.12451/8923
dc.description.abstractThis study investigates the validity of the long-run PPP hypothesis for 60 economies using trade-weighted REER indices for the period 1994:01-2020:04. In addition to conventional tests, we also apply a battery of new unit root tests that allow for structural breaks and nonlinear adjustment. Our results suggest that test procedures that allow for both a structural break in the deterministic components of the series and nonlinearities in the adjustment towards equilibrium lead to a more frequent rejection of the unit root null hypothesis. In particular, after allowing for a temporary structural break in the series along with nonlinear adjustment towards the gradually changing equilibrium, we were able to reject the null hypothesis of unit root for all countries, thus providing some support for the PPP hypothesis.en_US
dc.language.isoengen_US
dc.publisherEuropean Research Centeren_US
dc.relation.isversionof10.52950/ES.2021.10.1.001en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectPPPen_US
dc.subjectREERen_US
dc.subjectTemporary Structural Breaken_US
dc.subjectNonlinear Adjustmenten_US
dc.subjectThe Balassa-Samuelson Effecten_US
dc.titleEmpirical investigation of long run ppp hypothesis: the case of temporary structural break and asymmetric adjustmenten_US
dc.typearticleen_US
dc.relation.journalInternational Journal of Economic Sciencesen_US
dc.contributor.departmentİktisadi ve İdari Bilimler Fakültesien_US
dc.identifier.volume10en_US
dc.identifier.issue1en_US
dc.identifier.startpage1en_US
dc.identifier.endpage19en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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