TESTING  FOR PURCHASING POWER PARITY FOR SELECTED CIS COUNTRIES

Esra Ballı; Çiler Sigeze

Article Details

TESTING FOR PURCHASING POWER PARITY FOR SELECTED CIS COUNTRIES

Authors:

Esra Ballı | Çiler Sigeze

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.84-93

Document Type:

Article

Publication Date:

11/2016

Document Language:

Turkish

Document ID (Org No.):

2000810873

Frequency:

Bi-Annual

eISSN:

1309-8055

Abstract:

 

This study examines the validity of PPP for Commonwealth of Independent States
 (CIS) namely Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia and
 Ukraine for the period 1995M1-2015M11. In this study we perform stationary test
 on two bases. In the first place, we initiate conventional unit root test such as
 ADF. Secondly, we utilize unit root tests allowing for structural break. Given the
 span and characteristics of the period which involves a significant break such as
 1998 Russian economic crisis, we conclude that PPP holds for Armenia, Belarus,
 Kazakhstan and Kyrgyzstan, while it does not hold for Azerbaijan, Russia and
 Ukraine.

Article Details

TESTING FOR PURCHASING POWER PARITY FOR SELECTED CIS COUNTRIES

Authors: Esra Ballı | Çiler Sigeze

Publisher: Sosyal Bilimler Araştırmaları Derneği

Journal: International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.84-93

Document Type: Article

Publication Date: 11/2016

Document Language: Turkish

Document ID (Org No.): 2000810873

Frequency: Bi-Annual

eISSN: 1309-8055

Issues

Authors:

Esra Ballı | Çiler Sigeze

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.84-93

Document Type:

Article

Publication Date:

11/2016

Document Language:

Turkish

Document ID (Org No.):

2000810873

Frequency:

Bi-Annual

eISSN:

1309-8055