Bu çalışmada Türkiye, Brezilya, Hindistan, Endonezya ve Güney Afrika ülkelerinde Satın Alma Gücü Paritesi hipotezi 1994:01-2018:11 arası dönem için sınanmıştır. Reel döviz kuru serilerinin doğrusal olmaması ve reel döviz kuru serilerinde ani ve/veya yumuşak kırılmalar bulunması nedeniyle serilerin durağanlığı doğrusal olmayan birim kök testleriyle sınanmıştır. Ranjbar vd. (2018) birim kök testine göre reel döviz kuru serileri Güney Afrika için trend dikkate alındığında simetrik yapı altında ve Hindistan için sabit dikkate alındığında asimetrik yapı altında durağandır. Dolayısıyla, analiz sonuçlarına göre, Güney Afrika ve Hindistan için Satın Alma Gücü hipotezinin geçerli olduğu yönünde bulgular elde edilmiştir. Diğer yandan Brezilya, Endonezya ve Türkiye için Satın Alma Gücü hipotezinin geçerli olmadığı sonucuna ulaşılmıştır.
This study, investigates the validity of Purchasing Power Parity hypothesis for Turkey, Brazil, India, Indonesia and South Africa between the period 1994:01-2018:11. According to the nonlinearity results, real exchange rate series has non-linear form. Furthermore, since the real exchange rate series has smooth and/or sharp breaks (shifts) with nonlinear forms, the stationary of the series were investigated by using nonlinear unit root test which is suggested by Ranjbar, Chang, Elmi & Lee (2018). Ranjbar and take it. (2018) revealed that the real exchange rate of South Africa is stationary under symmetric form and the real exchange rate of India is stationary under asymmetric form. Therefore, the results indicate that PPP does not hold for Turkey, Brazil and Indonesia while it holds for South Africa and India.
This study, investigates the validity of Purchasing Power Parity hypothesis for Turkey, Brazil, India, Indonesia and South Africa between the period 1994:01-2018:11. According to the nonlinearity results, real exchange rate series has non-linear form. Furthermore, since the real exchange rate series has smooth and/or sharp breaks (shifts) with nonlinear forms, the stationary of the series were investigated by using nonlinear unit root test which is suggested by Ranjbar, Chang, Elmi & Lee (2018). Ranjbar et al. (2018) revealed that the real exchange rate of South Africa is stationary under symmetric form and the real exchange rate of India is stationary under asymmetric form. Therefore, the results indicate that PPP does not hold for Turkey, Brazil and Indonesia while it holds for South Africa and India.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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