Application of Periodogram-Based Cointegration Test for the Analysis of the Services and Goods Sector Inflations

Yilmaz AKDİ; Koray KALAFATCİLAR; Kivilcim METİN-OZCAN

Article Details

Application of Periodogram-Based Cointegration Test for the Analysis of the Services and Goods Sector Inflations

Authors:

Yilmaz AKDİ | Koray KALAFATCİLAR | Kivilcim METİN-OZCAN

Publisher:

Econometric Research Association

Main Topics:

Sociology and anthropology | Management

Journal:

International Econometric Review 2010 Vol.2 Issue 1, pp.3-10

Document Type:

Article

Publication Date:

3/2010

Document Language:

Turkish

Document ID (Org No.):

2000717729

Frequency:

Quarterly

eISSN:

1308-8815

pISSN:

1308-8793

Abstract:

 

The differing dynamics of the inflations of the services and goods sectors has been of major concern in Turkey. The persistence of the services sector   inflation during disinflation periods hampered the efforts of the Central Bank of Turkey of hitting inflation targets in a country with long-lasting high   inflation experience. In search of a possible long-run relationship between the services and goods sectors inflations, this paper employs a method based on   periodograms of the series in addition to time series tools. A periodogram-based test has pros over conventional tests; this test is model-free, seasonally   robust and mean invariant. Empirical findings obtained from the methods employed in this study, Engle-Grangers and Johansens conventional long-run time series   tools as well as periodogram based test, suggest that services and goods sector inflations in Turkey are not cointegrated.

Article Details

Application of Periodogram-Based Cointegration Test for the Analysis of the Services and Goods Sector Inflations

Authors: Yilmaz AKDİ | Koray KALAFATCİLAR | Kivilcim METİN-OZCAN

Publisher: Econometric Research Association

Main Topics: Sociology and anthropology | Management

Journal: International Econometric Review 2010 Vol.2 Issue 1, pp.3-10

Document Type: Article

Publication Date: 3/2010

Document Language: Turkish

Document ID (Org No.): 2000717729

Frequency: Quarterly

eISSN: 1308-8815

pISSN: 1308-8793

Issues

Authors:

Yilmaz AKDİ | Koray KALAFATCİLAR | Kivilcim METİN-OZCAN

Publisher:

Econometric Research Association

Main Topics:

Sociology and anthropology | Management

Journal:

International Econometric Review 2010 Vol.2 Issue 1, pp.3-10

Document Type:

Article

Publication Date:

3/2010

Document Language:

Turkish

Document ID (Org No.):

2000717729

Frequency:

Quarterly

eISSN:

1308-8815

pISSN:

1308-8793