Yıl: 2003 Cilt: 3 Sayı: 6 Sayfa Aralığı: 151 - 169 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

Purchasing Power Parity and the Turkish Exchange Rate

Öz:
Bu çalışma satın alma paritesi doktrini ile ilgili literatürü ele almakta ve argümanla ilgili bulguları sunmaktadır. Ampirik bulgulara göre, satın alma paritesinin sadece uzun dönemde geçerli olduğu konusunda genel bir görüş vardır. Bu çalışmanın yürüttüğü test ve tahminler, satın alma paritesi teorisinin Türk Lirası ve ABD Doları arasındaki döviz kuru için ne kısa dönemde ne de uzun dönemde geçerli olduğunu göstermektedir.
Anahtar Kelime: döviz kuru satın alma gücü paritesi

Konular: İşletme İktisat

Satınalma Paritesi ve Türk Döviz Kuru

Öz:
This study surveys the literature on the purchasing power parity doctrine and brings empirical findings in relation to the argument. According to empirical findings there has been a common view that the purchasing power parity argument is only valid for the long run. The tests and estimations made by this paper indicate that the PPP theory does not hold for the exchange rate between Turkish lira and US dollar neither for short run nor for long run.
Anahtar Kelime: purchasing power parity foreign exchange rate

Konular: İşletme İktisat
Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
  • ADLER, M. and LEHMANN, B.(1983) Deviations from Purchasing Power Parity in the Long Run, The Journal of Finance, Vol. XXXVIII, No:5, December, 1471-1487.
  • BALASSA, Bela(1964, Purchasing Power Parity Doctrine, Journal of Political Economy, 72:6 1964, 584-596.
  • BAILLIE, R. and McMAHON, P.(1991) The Foreign Exchange Market, Cambridge U.P.
  • BANNOCK, G.; BAXTER R.E. and DAVIS, E. (1987) Dictionary of Economics, The Penguin:337-8.
  • BILSON, John F.O.(1984) Purchasing Power Parity as a Trading Strategy, The Journal of Finance, Vol.XXXIX, No:3, July:715-725.
  • BRANSON , William H.(198) The Collapse of Purchasing Power Parities During the 1970s: Comment, :167). European Economic Review, 16(1981):167-171.
  • CULBERTSON, W.Patton(1975) Purchasing Power Parity and Black Market Exchange Rate, Economic Inquiry, Vol.XIII, June:287-296.
  • EDISON, Hall J.(1987) Purchasing Power Parity in the Long Run, Journal of Money, Credit and Banking, Vol.19, No:3, August:376-387.
  • ENGEL, Charles(2002) Long-Run PPP May Not Hold After All, University of Washington, Department of Economics, e-mail:emengel@u.Washington.edu.
  • FRANKEL, A. Jeffrey and Meese, Richard(1985) Are Exchange Rates Excessively Variable?, In NBER Macroeconomic Annual, 1987, and NBER Working Paper Series, w1612.
  • FRENKEL, Jacob(1981) The Collapse of Purchasing Power Parities During the 1970s, European Economic Review, 16(1981):145-165.
  • GREEN, William H.(1993) Econometric Analysis, Macmillan, 2nd. Edition.
  • HUANG, Roger D.(1987) Expectations of Exchange Rates and Differential Inflation Rates, The Journal of Finance, Vol.XLII, No:1, Mach:69-79.
  • IMF(1992) Annual Statistical Book.
  • IMLS, Jean; MUMTAZ, Haroon; RAWN, Morten O and REY, Helene(2002) PPP Strikes Back: Aggregation and the Real Exchange Rate, NBER Working Paper Series, w9372, December.
  • JONSSON, Gunnar(2001) Inflation, Money Demand, and Purchasing Power Parity in the South Africa, IMF Staff Paper, Vol.48, No:2.
  • KILLIAN, L and Zha, T(1999) Quantifying the Half-Life of Deviations from PPP, Federal Reserve Bank of Atlanta, Working Paper Series, 99-21, December.
  • LEVICH, R.M.(1985) "Empirical Studies of Exchange Rate", In Handbook of International Economics, Vol:II, ed by R.W. Jones and P.B. Kenen, Elsevier Science Pub. B.V. 1985:979-1040.
  • McKINNON, Ronald I.(1973) Money, Capital in Economic Development, Washington, D.C. Brookings Institution.
  • RIVERA-BATIZ, F.L. and RIVERA-BATIZ, L.(1991) International Finance and Open Economy Macroeconomics, Maxwell, MacMillan International Ed.
  • TAYLOR, Alan M(2002) A Century of Purchasing-Power Parity, The Review of Economics and Statistics, February, 84(1):139-150.
APA SEYREK İ (2003). Purchasing Power Parity and the Turkish Exchange Rate. , 151 - 169.
Chicago SEYREK İsmail Purchasing Power Parity and the Turkish Exchange Rate. (2003): 151 - 169.
MLA SEYREK İsmail Purchasing Power Parity and the Turkish Exchange Rate. , 2003, ss.151 - 169.
AMA SEYREK İ Purchasing Power Parity and the Turkish Exchange Rate. . 2003; 151 - 169.
Vancouver SEYREK İ Purchasing Power Parity and the Turkish Exchange Rate. . 2003; 151 - 169.
IEEE SEYREK İ "Purchasing Power Parity and the Turkish Exchange Rate." , ss.151 - 169, 2003.
ISNAD SEYREK, İsmail. "Purchasing Power Parity and the Turkish Exchange Rate". (2003), 151-169.
APA SEYREK İ (2003). Purchasing Power Parity and the Turkish Exchange Rate. Akdeniz İİBF Dergisi, 3(6), 151 - 169.
Chicago SEYREK İsmail Purchasing Power Parity and the Turkish Exchange Rate. Akdeniz İİBF Dergisi 3, no.6 (2003): 151 - 169.
MLA SEYREK İsmail Purchasing Power Parity and the Turkish Exchange Rate. Akdeniz İİBF Dergisi, vol.3, no.6, 2003, ss.151 - 169.
AMA SEYREK İ Purchasing Power Parity and the Turkish Exchange Rate. Akdeniz İİBF Dergisi. 2003; 3(6): 151 - 169.
Vancouver SEYREK İ Purchasing Power Parity and the Turkish Exchange Rate. Akdeniz İİBF Dergisi. 2003; 3(6): 151 - 169.
IEEE SEYREK İ "Purchasing Power Parity and the Turkish Exchange Rate." Akdeniz İİBF Dergisi, 3, ss.151 - 169, 2003.
ISNAD SEYREK, İsmail. "Purchasing Power Parity and the Turkish Exchange Rate". Akdeniz İİBF Dergisi 3/6 (2003), 151-169.