| dc.creator (作者) | Kuo,Biing-Shen;Mikkola, Anne | en_US |
| dc.creator (作者) | 郭炳伸 | - |
| dc.date (日期) | 1999 | en_US |
| dc.date.accessioned | 3-Dec-2008 13:53:31 (UTC+8) | - |
| dc.date.available | 3-Dec-2008 13:53:31 (UTC+8) | - |
| dc.date.issued (上傳時間) | 3-Dec-2008 13:53:31 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/12485 | - |
| dc.description.abstract (摘要) | In this article, we re-examine the empirical validity of the Purchasing Power Parity (PPP) theory for the Turkish economy. For this purpose, an empirical model is constructed using some contemporaneous estimation techniques such as multivariate co-integration and vector error correction methodology. Our estimation results reveal that the PPP can strongly be supported as a long-run stationary steady-state relationship for the Turkish economy. | - |
| dc.description.abstract (摘要) | Our results complement the recent findings of real exchange rates as stationary processes. Applying a battery of unit root tests can be problematic, since the tests are sensitive to the specifics of the time-series process. The novelty of our approach is in emphasizing the information content of the data to distinguish between the competing processes. Stationary and non-stationary ARIMA processes are fitted to the US/UK real exchange rate series, covering 134 years. Artificial data are generated, and the small sample distributions of the chosen test statistics are computed under each of the two hypotheses. The values of the actual sample statistics seem to come rather from the stationary than from the non-stationary process. | - |
| dc.format | application/ | en_US |
| dc.language | en | en_US |
| dc.language | en-US | en_US |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Journal of International Money and Finance, 18, 251-266 | en_US |
| dc.subject (關鍵詞) | Real exchange rate; Unit root | - |
| dc.title (題名) | Re-examining the Long-Run Purchasing Power Parity | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/S0261-5606(99)00007-8 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/S0261-5606(99)00007-8 | en_US |
