BANKACILIK SEKTÖRÜNDE TOPLAM HİZMET KALİTESİNİN SATINALMA GÜCÜ PARİTESİ VE TÜRKİYE ÜZERİNE BİR UYGULAMA: 1980-2002

Authors : Erol ÇAKMAK, Sema ÇINAR

Pages : 33-46

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Publication Date : 2004-06-01

Article Type : Research Paper

Abstract :Purchasing Power Parity Theory as a theory of determining the exchange rate or a Iong-run balance relationship has a significant role not only-for developed but also for developing countries which apply freely floating exchange rate system especially after 1980\`s. in this study, in the light of theoretical framevvork and literatüre review, absolute and relative purchasing power parity are tested by unit root and co-integration tests for the Turkish economy. Findings have shovvn that relative purchasing power parity is verifıed in the Iong-run for the US Dollar rate of Turkish Lira.
Keywords : Purchasing Power Parity Theory, theory of determining the exchange rate, exchange rate