Yıl: 2021 Cilt: 8 Sayı: 3 Sayfa Aralığı: 1394 - 1406 Metin Dili: İngilizce DOI: 10.30798/makuiibf.822369 İndeks Tarihi: 29-07-2022

TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST

Öz:
This study is a review of the purchasing power parity hypothesis applied to BRICS countries (Brazil, Russia, India, China, and South Africa). For each country, time series based on a Fourier perspective were applied. The initial stages of the study analyzed the stationarity of the series using Fourier unit root testing. The series were found to be stationary at level I(1), paving the way for the Fourier Shin cointegration test, which constituted the second stage. The analysis revealed cointegration associations with all BRICS countries. Hence, it is understood that the purchasing power parity theory applies for all five countries.
Anahtar Kelime: BRICS Countries Purchasing Power Parity Fourier Cointegration Test Fourier Unit Root Test

BRICS İÇİN SATIN ALMA GÜCÜ PARİTESİ HİPOTEZİNİN TEST EDİLMESİ: FOURIER BİRİM KÖK VE EŞBÜTÜNLEŞME TESTİNDEN KANIT

Öz:
Bu çalışmada, BRICS (Brezilya, Rusya, Hindistan, Çin ve Güney Afrika) ülkelerinin satın alma gücü paritesi teorisi incelenmiştir. Her ülke için Fourier yaklaşımı içeren zaman serisi kullanılmıştır. Çalışmanın ilk aşamasında serilerin durağanlıklarıFourier KPSS testi kullanılmıştır. Seriler I(1) düzeyinde durağan oldukları tespit edilerek ikinci aşama olan Fourier Shin eşbütünleşme testine geçilmiştir. Yapılan analiz sonucu tüm BRICS ülkelerinde eşbütünleşme ilişkisi bulunmuştur. Böylece bu beş ülkede satın alma gücü paritesi teorisinin geçerli olduğu sonucuna ulaşılmıştır.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA GOVDELI T, Sumer S (2021). TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. , 1394 - 1406. 10.30798/makuiibf.822369
Chicago GOVDELI TUNCER,Sumer Serpil TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. (2021): 1394 - 1406. 10.30798/makuiibf.822369
MLA GOVDELI TUNCER,Sumer Serpil TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. , 2021, ss.1394 - 1406. 10.30798/makuiibf.822369
AMA GOVDELI T,Sumer S TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. . 2021; 1394 - 1406. 10.30798/makuiibf.822369
Vancouver GOVDELI T,Sumer S TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. . 2021; 1394 - 1406. 10.30798/makuiibf.822369
IEEE GOVDELI T,Sumer S "TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST." , ss.1394 - 1406, 2021. 10.30798/makuiibf.822369
ISNAD GOVDELI, TUNCER - Sumer, Serpil. "TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST". (2021), 1394-1406. https://doi.org/10.30798/makuiibf.822369
APA GOVDELI T, Sumer S (2021). TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(3), 1394 - 1406. 10.30798/makuiibf.822369
Chicago GOVDELI TUNCER,Sumer Serpil TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8, no.3 (2021): 1394 - 1406. 10.30798/makuiibf.822369
MLA GOVDELI TUNCER,Sumer Serpil TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol.8, no.3, 2021, ss.1394 - 1406. 10.30798/makuiibf.822369
AMA GOVDELI T,Sumer S TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2021; 8(3): 1394 - 1406. 10.30798/makuiibf.822369
Vancouver GOVDELI T,Sumer S TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2021; 8(3): 1394 - 1406. 10.30798/makuiibf.822369
IEEE GOVDELI T,Sumer S "TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST." Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8, ss.1394 - 1406, 2021. 10.30798/makuiibf.822369
ISNAD GOVDELI, TUNCER - Sumer, Serpil. "TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST". Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8/3 (2021), 1394-1406. https://doi.org/10.30798/makuiibf.822369