Year 2019, Volume 9 , Issue 17, Pages 567 - 586 2019-04-23

THE VALIDITY OF THE PURCHASING POWER PARITY HYPOTHESIS UNDER STRUCTURAL BREAKS: THE CASE OF EURASIAN COUNTRIES
YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ

Mehmet SONGUR [1]


The aim of this study to examine the validity of the Purchasing Power Parity hypothesis for Eurasian Countries using panel data analysis methods. In this Study, the validity of the Purchasing Power Parity hypothesis has been investigated both within the absolute and relative Purchasing Power Parity theory. The absolute purchasing power parity hypothesis refers to the distribution of the real exchange rate around a fixed average. However, the relative purchasing power parity is valid when there is a long-term relationship between the nominal exchange rate and the relative prices. In this framework, the study used monthly data covering the period 2002-2017 for the 10 Eurasian countries (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Russian Federation, Ukraine and Turkey). In this context, panel unit root and panel cointegration tests taking into account cross-section dependency and structural breaks were used in the study. Findings show that both absolute and relative Purchasing Power Parity hypotheses are valid in the countries studied.

Çalışmanın amacı, Satın Alma Gücü Paritesi hipotezinin Avrasya Ülkeleri için panel veri analiz teknikleri kapsamında test edilmesidir. Çalışmada Satın Alma Gücü Paritesi hipotezinin geçerliliği hem mutlak hem de nispi Satın Alma Gücü Paritesi teorisi çerçevesinde araştırılmıştır. Mutlak satın alma gücü paritesi hipotezi, reel döviz kurunun sabit bir ortalama etrafında dağılmasını ifade etmektedir. Bununla birlikte, nispi satın alma gücü paritesi ise nominal döviz kuru ile nispi fiyatlar arasında uzun dönemli bir ilişki olduğunda geçerli olmaktadır. Bu çerçevede, çalışmada 10 Avrasya ülkesi (Ermenistan, Azerbaycan, Belarus, Gürcistan, Kazakistan, Kırgızistan, Moldova, Rusya, Ukrayna ve Türkiye) için 2002-2017 dönemini kapsayan aylık veriler kullanılmıştır.  Bu bağlamda, çalışmada yatay kesit bağımlılığını ve yapısal kırılmaları dikkate alan panel birim kök ve panel eş bütünleşme testlerinden yararlanılmıştır. Bulgular ele alınan ülkelerde hem mutlak hem de nispi Satın Alma Gücü Paritesi hipotezinin geçerli olduğunu göstermektedir. 

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Primary Language tr
Subjects Economics
Journal Section Articles
Authors

Orcid: 0000-0003-4763-9314
Author: Mehmet SONGUR (Primary Author)
Institution: MUNZUR ÜNİVERSİTESİ
Country: Turkey


Dates

Publication Date : April 23, 2019

Bibtex @research article { busbed491358, journal = {Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi}, issn = {1309-6672}, eissn = {2618-6322}, address = {Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Müdürlüğü 12100, Merkez Bingöl}, publisher = {Bingol University}, year = {2019}, volume = {9}, pages = {567 - 586}, doi = {10.29029/busbed.491358}, title = {YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ}, key = {cite}, author = {SONGUR, Mehmet} }
APA SONGUR, M . (2019). YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ. Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi , 9 (17) , 567-586 . DOI: 10.29029/busbed.491358
MLA SONGUR, M . "YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ". Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 9 (2019 ): 567-586 <http://busbed.bingol.edu.tr/en/issue/44814/491358>
Chicago SONGUR, M . "YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ". Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 9 (2019 ): 567-586
RIS TY - JOUR T1 - YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ AU - Mehmet SONGUR Y1 - 2019 PY - 2019 N1 - doi: 10.29029/busbed.491358 DO - 10.29029/busbed.491358 T2 - Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi JF - Journal JO - JOR SP - 567 EP - 586 VL - 9 IS - 17 SN - 1309-6672-2618-6322 M3 - doi: 10.29029/busbed.491358 UR - https://doi.org/10.29029/busbed.491358 Y2 - 2019 ER -
EndNote %0 Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ %A Mehmet SONGUR %T YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ %D 2019 %J Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi %P 1309-6672-2618-6322 %V 9 %N 17 %R doi: 10.29029/busbed.491358 %U 10.29029/busbed.491358
ISNAD SONGUR, Mehmet . "YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ". Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 9 / 17 (April 2019): 567-586 . https://doi.org/10.29029/busbed.491358
AMA SONGUR M . YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ. Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi. 2019; 9(17): 567-586.
Vancouver SONGUR M . YAPISAL KIRILMALAR ALTINDA SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN GEÇERLİLİĞİ: AVRASYA ÜLKELERİ ÖRNEĞİ. Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi. 2019; 9(17): 586-567.