Impact of Exchange Rate and Customs Union on Trade Balance at Commodity Level of Turkey With Eu (15)
Bibliographic Data
| ID | 15067173 |
|---|---|
| Authors | Mehmet Yazici (0000-0003-4621-9836), Mehmet Yazıcı (0000-0003-2924-9865, Çankaya University), M Qamarul Islam (0000-0002-9013-2239, Çankaya University) |
| Year | 2011 |
| Volume | 24 |
| Issue | 3 |
| Pages | 75-85 |
| Publication date | 2011-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2011.11517468 |
| OpenAlex | W1187588811 |
| Language | EN |
| References cited | 4 |
This paper investigates the short-run and long-run impact of exchange rate and customs union on the trade balance at commodity-group level of Turkey with EU (15). Bounds testing approach is employed where a new strategy in the model selection phase is adopted ensuring that optimal model is selected from those models satisfying both diagnostics and cointegration. Results indicate that in the short-run exchange rate matters in determination of trade balance of 13 commodity groups out of 21 and customs union in 8 cases. Pattern of response of trade balance to exchange rate does not suggest a J-curve effect in any of cases. As for the long-run effect, neither exchange rate nor customs union has a statistically significant effect on trade balance of any of commodity groups, suggesting that those significant short-run effects don’t last into long-run
Balance of trade · Cointegration · Commodity · Econometrics · Economics · Exchange rate · International economics · Monetary economics · Short run · Global trade and economics · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Highly cited | No |
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