Convergence of in-Country Prices for the Turkish Economy : A Panel Data Search for the PPP Hypothesis Using Sub-Regional Disaggregated Data

Mustafa METE, Pelin KARATAY GÖGÜL, Levent KORAP

Öz


This paper tries to examine that in-country prices from the Turkish economy can be specified as a stationary relationship giving support to the long-run purchasing power parity in economics theory. For this purpose, a sub-regional categorization of the economy is considered over the investigation period of 2005-2012, and, following Esaka (2003), the study uses a panel estimation framework consisting of 12 disaggregated consumer price indices to search for whether the relative prices of goods between sub-regions of the Turkish economy can be represented by stationary time series properties.

Anahtar Kelimeler


Purchasing Power Parity; Panel Data Econometrics; Disaggregated Price Data; Turkish Economy

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Doğuş Üniversitesi Dergisi'nin içeriği Creative Commons Atıf-Gayriticari 4.0 Uluslararası Lisansı ile lisanslanmıştır.
 

İletişim:

Doğuş Üniversitesi Dergisi
Acıbadem Zeamet Sokak, No: 21
34722 - Kadıköy, İSTANBUL
E-posta: journal@dogus.edu.tr