Kalyoncu, Hüseyin; Kula, Ferit; Aslan, Alper - In: Journal for Economic Forecasting (2010) 4, pp. 125-131
This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange...
