TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST
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 Fouri...
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Mehmet Akif Ersoy University
2021-11-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1383912 |
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| author | Tuncer Gövdeli Serpil Sumer |
| author_facet | Tuncer Gövdeli Serpil Sumer |
| author_sort | Tuncer Gövdeli |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-575f2481ca194278a265fc157b6730a0 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2021-11-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-575f2481ca194278a265fc157b6730a02025-01-27T14:05:29ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582021-11-01831394140610.30798/makuiibf.822369273TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TESTTuncer Gövdeli0https://orcid.org/0000-0002-6600-8684Serpil Sumer1https://orcid.org/0000-0001-8452-0393ATATÜRK ÜNİVERSİTESİATATÜRK ÜNİVERSİTESİThis 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.https://dergipark.org.tr/en/download/article-file/1383912purchasing power parityfourier unit root testfourier cointegration testbrics countriessatın alma gücü paritesifourier birim kök testifourier eşbütünleşme testibrics ülkeleri |
| spellingShingle | Tuncer Gövdeli Serpil Sumer 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 purchasing power parity fourier unit root test fourier cointegration test brics countries satın alma gücü paritesi fourier birim kök testi fourier eşbütünleşme testi brics ülkeleri |
| title | TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST |
| title_full | TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST |
| title_fullStr | TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST |
| title_full_unstemmed | TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST |
| title_short | TESTING THE PURCHASING POWER PARITY HYPOTHESIS FOR BRICS: EVIDENCE FROM THE FOURIER UNIT ROOT AND COINTEGRATION TEST |
| title_sort | testing the purchasing power parity hypothesis for brics evidence from the fourier unit root and cointegration test |
| topic | purchasing power parity fourier unit root test fourier cointegration test brics countries satın alma gücü paritesi fourier birim kök testi fourier eşbütünleşme testi brics ülkeleri |
| url | https://dergipark.org.tr/en/download/article-file/1383912 |
| work_keys_str_mv | AT tuncergovdeli testingthepurchasingpowerparityhypothesisforbricsevidencefromthefourierunitrootandcointegrationtest AT serpilsumer testingthepurchasingpowerparityhypothesisforbricsevidencefromthefourierunitrootandcointegrationtest |