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Bu çalışmada, literatürde birçok çalışmaya konu edilmiş döviz kuru belirleme yöntemlerinden satın alma gücü paritesi test edilmiştir. Satın Alma Gücü paritesi Gustov Cassel tarafından ortaya atılmış en çok tartışılan ve test edilen model olmuştur. Çalışmada, SGP’nin Ocak 2003-Ağustos 2017 yılları arasında Türkiye’de geçerliliği test edilerek, uygulanan para politikalarının etkinliğinin satın alma gücü paritesine etkisi araştırılmıştır. Reel döviz kuru değişkeninin durağan olup olmamasına bağlı olarak satın alma gücü paritesi çalışmada ADF ve PP birim kök testleri ile analiz edilmiştir. Reel döviz kurunun durağan olması, sıfır hipotezinin reddedilmesi ve birim kök içermemesi satın alma gücü paritesinin geçerli olduğu anlamına gelmektedir. Tam tersi durumda ise reel döviz kurunun durağan çıkmaması, sıfır hipotezinin kabul edilmesi ve birim kök içermesi satın alma gücü paritesinin geçerli olmadığı anlamına gelmektedir. Bu çalışmada, ADF, PP ve Lee-Strazicich kırılmalı birim kök testinde değişkenlerin logaritması alınarak daha durağan seriler elde edilerek test edilmiştir. Sonuç olarak satın alma gücü paritesinin ilgili dönemde geçerli olduğu tespit edilmiştir.
In this study, the parity of purchasing power from the currency rate determination methods, which were subject to many studies in literature, has been tested. The purchasing power parity has been a very controversial and tested model revealed by Gustov Cassel. In the study, the validity of the SGP in Turkey between January 2003 and August 2017 was tested, and the effect of the effectiveness of the monetary policies applied on the purchasing power parity was studied. Depending on whether the real exchange rate variable is stable or not, the purchasing power parity study was analyzed with ADF and PP unit root tests. The fact that the real exchange rate is stable, the refusal of the zero hypothesis and the unity root does not contain, means that the purchasing power parity is valid. In the exact opposite case, the real exchange rate does not stop, the acceptance of the zero hypothesis and the unit root-containing purchasing power parity does not apply. In this study, ADF, PP and Lee-Strazicich broken unit root test were tested by getting more stable series by taking logarithm of variables. As a result, the purchasing power parity was found to be valid in the relevant period.
In this study, purchasing power parity, one of the exchange rate determination methods, which is the subject of many studies in the literature, was tested. Purchasing Power parity was the most debated and tested model put forward by Gustov Cassel, In the study, PPP between January 2003 and August 2017 in Turkey tested the validity of the applied power of monetary policy to influence the purchasing parity of activity was investigated. Purchasing power parity was analyzed by ADF and PP unit root tests depending on whether the real exchange rate variable is stationary or not. The fact that the real exchange rate is stationary, rejecting the null hypothesis, and having no unit root means that the purchasing power parity is valid. On the contrary, the fact that the real exchange rate does not stagnate, accepting the null hypothesis, and containing a unit root means that the purchasing power parity is not valid. In this study, the ADF, PP and Lee-Strazicich fracture unit root test were taken by logarithm of the variables and more stable series were obtained. As a result, the purchasing power parity was found to be valid in the relevant period.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Ulusal
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