TY  - JOUR
TI  - TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST
AB  - 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.
AU  - GOVDELI, TUNCER
AU  - Sumer, Serpil
DO  - 10.30798/makuiibf.822369
PY  - 2021
JO  - Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
VL  - 8
IS  - 3
SN  - 2149-1658
SP  - 1394
EP  - 1406
DB  - TRDizin
UR  - http://search/yayin/detay/497135
ER  -