TR
Avrasya Ekonometri �statistik ve Ampirik Ekonomi DergisiYl:2015 Say: 1 Alan: ktisat

Betl GR
oklu K?r?lmal? Birim Kk Yard?m?yla Sat?n Alma Gc Paritesinin Trkiye ?in Analizi
 
Tek fiyat kanunun uluslararas piyasaya uygulanmas satn alma gc paritesi olarak adlandrlr. Satn alma gc paritesi, d ticarete konu olan btn mallarn fiyatlarn dviz kuru ile ilikilendirir. Eer satn alma gc paritesi geerli ise, lkeler arasndaki fiyat dzeyinde meydana gelen deiimler, nominal dviz kurunda meydana gelecek deiimler tarafndan dengelenecektir. Bylece reel dviz kuru sabit bir ortalama etrafnda dalgalanacaktr. Bunun iin, satn alma gc paritesinin test edilmesi reel dviz kurunun birim kk zelliklerinin incelenmesi ile yaplabilir. almada, Trkiye iin reel dviz kuru serisi standart ve oklu krlmal birim kk testleri ile snanm ve satn alma gc paritesinin Trkiye ekonomisi iin geerli olmad belirlenmitir.

Anahtar Kelimeler: Satn Alma Gc Paritesi, Reel Dviz Kuru, Yapsal Krlmal Birim Kk Testleri, Tek Fiyat Kanunu, Uluslararas Ticaret


An Analysis of Purchasing Power Parity for the Turkish Economy Using Unit Root Testing with Multiple Structural Breaks
 
The application of the law of one price to the international market is purchasing power parity. Purchasing power parity associates the prices of all goods used in foreign trade with the exchange rate. If the purchasing power parity is valid, the changes in the nominal exchange rates balance the changes at the price levels among countries. Thus, the real exchange rate fluctuates about a fixed average. For this, the testing of the purchasing power parity can be done through studying the unit root properties of the real exchange rate. In this study, the real exchange rate for Turkey has been examined using unit root tests with standard and multiple breaks. It has been determined that purchasing power parity is not valid in the Turkish economy.

Keywords: Purchasing Power Parity, Real Exchange Rate, Structural Break Unit Root Tests, The Law of One Price, International Trade


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