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An empirical investigation of purchasing power parity (PPP) for NORDIC countries: Evidence from linear and nonlinear unit root tests

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dc.contributor.authorsGüriş B., Yaşgül Y.S., Tiraşoğlu M.
dc.date.accessioned2022-03-28T15:07:16Z
dc.date.accessioned2026-01-11T17:17:31Z
dc.date.available2022-03-28T15:07:16Z
dc.date.issued2016
dc.description.abstractThis article examines the validity of the PPP for NORDIC countries (Denmark, Norway, Sweden and Iceland) through linear and nonlinear unit root tests by using the monthly data of January 2009 – December 2014. It was found out that the real exchange rate series for Iceland were not linear and the real exchange rate series for Denmark, Norway and Sweden were linear. The unit root tests carried out in line with the characteristics of the series indicate that the real exchange rate series in all of the NORDIC countries are not stable. So the empirical findings obtained from this study indicate that the PPP is not valid for NORDIC countries. © International Economic Society.
dc.identifier.issn13071637
dc.identifier.urihttps://hdl.handle.net/11424/257198
dc.language.isoeng
dc.publisherInternational Economic Society
dc.relation.ispartofInternational Journal of Economic Perspectives
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectLinear unit root test with structural breaks
dc.subjectLinearity test
dc.subjectNonlinear unit root tests
dc.subjectNORDIC countries
dc.subjectPurchasing power parity
dc.titleAn empirical investigation of purchasing power parity (PPP) for NORDIC countries: Evidence from linear and nonlinear unit root tests
dc.typearticle
dspace.entity.typePublication
oaire.citation.endPage137
oaire.citation.issue1
oaire.citation.startPage131
oaire.citation.titleInternational Journal of Economic Perspectives
oaire.citation.volume10

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