Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126129
Authors: 
Vasilev, Aleksandar
Pavlov, Plamen
Rainov, Stefan
Kovatchev, Tsvetoslav
Year of Publication: 
Dec-2002
Abstract: 
The goal of this empirical project is to test the validity of three economic models – The General Monetary, The Purchasing Power Parity and The Interest Rate Parity models in Turkey – basing on quarterly data for the period 1975 – 1999. The project takes into account the serious economic shocks that hit the Turkish economy in 1979 and 1994. Different models are created and the variables are tested for Significance, Serial Correlation, Unit Root and Cointegration. The tests used throughout the project are: Dickey Fuller, Augmented Dickey Fuller, Breusch-Godfrey LM Test for cointegration and Johansen Test. The outputs of the tests are presented to support the conclusions made throughout the test. The basic findings made are that for Turkey the three models: The General Monetary Model, The Purchasing Power Parity Model and The Interest Rate Parity hold for the time period 1975 – 1999.
Subjects: 
purchasing power parity
interest rate parity
JEL: 
F41
C32
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.