Yazgan, M. Ege - In: Applied Economics Letters 10 (2003) 3, pp. 143-147
The long-run purchasing power parity (PPP) hypothesis is re-examined for Turkey and strong evidence on long-run PPP is provided by using standard multivariate cointegration techniques. It is argued that the refutation of PPP by Telatar and Kazdagli does not necessarily imply the failure of...