Testing Ppp Hypothesis Under Temporary Structural Breaks and Asymmetric Dynamic Adjustments
| dc.contributor.author | Omay, Tolga | |
| dc.contributor.author | Shahbaz, Muhammed | |
| dc.contributor.author | Hasanov, Mubariz | |
| dc.date.accessioned | 2024-07-05T15:41:14Z | |
| dc.date.available | 2024-07-05T15:41:14Z | |
| dc.date.issued | 2020 | |
| dc.description | Hasanov, Mubariz/0000-0003-0216-9531; Hasanov, Mübariz/0000-0003-0216-9531 | en_US |
| dc.description.abstract | We test the empirical validity of the PPP proposition under temporary structural breaks and dynamic nonlinear adjustments. Although several testing procedures have recently been proposed in the existing literature to investigate stochastic properties of the series under gradual breaks and nonlinear adjustments, none of these tests are compatible with the PPP proposition. Therefore, we propose new testing procedures that restrict the break to be temporary while simultaneously allowing for asymmetric dynamic nonlinear adjustment towards equilibrium. Using these newly proposed tests, we test stationarity of real exchange rate of 24 OECD countries vis-a-vis USA, and find support in favour of PPP proposition in majority of the countries. | en_US |
| dc.identifier.doi | 10.1080/00036846.2020.1713293 | |
| dc.identifier.issn | 0003-6846 | |
| dc.identifier.issn | 1466-4283 | |
| dc.identifier.scopus | 2-s2.0-85078476070 | |
| dc.identifier.uri | https://doi.org/10.1080/00036846.2020.1713293 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14411/3435 | |
| dc.language.iso | en | en_US |
| dc.publisher | Routledge Journals, Taylor & Francis Ltd | en_US |
| dc.relation.ispartof | Applied Economics | |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | PPP | en_US |
| dc.subject | Temporary Gradual Break | en_US |
| dc.subject | Nonlinear Symmetric and Asymmetric Dynamic Adjustments | en_US |
| dc.title | Testing Ppp Hypothesis Under Temporary Structural Breaks and Asymmetric Dynamic Adjustments | en_US |
| dc.type | Article | en_US |
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| gdc.author.id | Hasanov, Mubariz/0000-0003-0216-9531 | |
| gdc.author.id | Hasanov, Mübariz/0000-0003-0216-9531 | |
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| gdc.author.wosid | Hasanov, Mubariz/GMX-0254-2022 | |
| gdc.author.wosid | Hasanov, Mübariz/AAT-7120-2021 | |
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| gdc.description.department | Atılım University | en_US |
| gdc.description.departmenttemp | [Omay, Tolga] Atilim Univ, Dept Econ, Ankara, Turkey; [Shahbaz, Muhammed] Montpellier Business Sch, Montpellier, France; [Shahbaz, Muhammed] Beijing Inst Technol, Ctr Energy & Environm Policy Res, Beijing, Peoples R China; [Hasanov, Mubariz] Istanbul Okan Univ, Dept Econ & Finance, Istanbul, Turkey | en_US |
| gdc.description.endpage | 3497 | en_US |
| gdc.description.issue | 32 | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.scopusquality | Q2 | |
| gdc.description.startpage | 3479 | en_US |
| gdc.description.volume | 52 | en_US |
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| gdc.virtual.author | Omay, Tolga | |
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