Economics, Econometrics and Finance
8 years ago

Turkish Real Exchange Rate Persistence Challenges Purchasing Power Parity Hypothesis

Topics in Middle Eastern andNorth African Economies
A Panel Approach to Investigating the Persistence in Turkish Real Exchange Rate
Halûk Erlat, Nilufer Ozdemir

Paper Summary

The article investigates whether the purchasing power parity (PPP) hypothesis holds true for the Turkish real exchange rate. The researchers used panel unit root tests to analyze the data and found that even when considering the relationship between different variables, there is still no support for the PPP hypothesis in Turkey.

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