Testing the PPP hypothesis for G-7 countries
APPLIED ECONOMICS LETTERS, cilt.16, sa.1, ss.99-101, 2009 (SSCI, Scopus)
- 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 Üniversitesi Adresli: Evet
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.