Testing the PPP hypothesis for G-7 countries

AKDİ Y., ÖZDEMİR Z. A., Olgun H.

APPLIED ECONOMICS LETTERS, cilt.16, sa.1, ss.99-101, 2009 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 16 Sayı: 1
  • Basım Tarihi: 2009
  • Doi Numarası: 10.1080/13504850601018551
  • Dergi Adı: APPLIED ECONOMICS LETTERS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.99-101
  • Ankara Hacı Bayram Veli Üniversitesi Adresli: Hayır

Özet

This article applies the model free, seasonality robust periodogram test, and the conventional augmented Dickey-Fuller (ADF) unit root test to the real exchange rates (RER) of the G-7 countries. The empirical results show that the periodogram test rejects the null of unit root for a larger number of countries compared to the ADF test.