Exchange rate volatility and Turkish-German commodity trade: an asymmetry analysis

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dc.authoridKaramelikli, Huseyin/0000-0001-7622-0972
dc.contributor.authorBahmani-Oskooee, Mohsen
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T16:03:26Z
dc.date.available2024-09-29T16:03:26Z
dc.date.issued2021
dc.departmentKarabük Üniversitesien_US
dc.description.abstractPurpose The purpose of this paper is to show that in some industries the linear model may not reveal any significance link between exchange rate volatility and trade flows but once nonlinear adjustment of exchange rate volatility is introduced, the nonlinear model reveals significant link. Design/methodology/approach This paper uses the linear ARDL approach of Pesaran et al. (2001) and the nonlinear ARDL approach of Shin et al. (2014) to assess asymmetric effects of exchange rate volatility on trade flows between Germany and Turkey. Findings This paper consider the experiences of 75 2-digit industries that trade between Turkey and Germany. When the study assumed the effects of volatility to be symmetric, the study found short-run effects in 31 (30) Turkish (German) exporting industries that lasted into the long run in only 10 (13) Turkish (German) exporting industries. However, when the study assumed asymmetric effects and relied upon a nonlinear model, the study found short-run asymmetric effects of volatility on exports of 55 (56) Turkish (German) industries. Short-run asymmetric effects lasted into long-run asymmetric effects in 10 (25) Turkish (German) exporting industries. All in all, we found that almost 25% of trade is hurt by exchange rate volatility. Originality/value This is the first paper that assesses the possibility of asymmetric effects of exchange rate volatility on German-Turkish commodity trade.en_US
dc.identifier.doi10.1108/SEF-04-2020-0120
dc.identifier.endpage785en_US
dc.identifier.issn1086-7376
dc.identifier.issn1755-6791
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85100948997en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage748en_US
dc.identifier.urihttps://doi.org/10.1108/SEF-04-2020-0120
dc.identifier.urihttps://hdl.handle.net/20.500.14619/6085
dc.identifier.volume38en_US
dc.identifier.wosWOS:000619981800001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofStudies in Economics and Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectGermanyen_US
dc.subjectTurkeyen_US
dc.subjectAsymmetry analysisen_US
dc.subject75 industriesen_US
dc.subjectLira-euro volatilityen_US
dc.subjectF14en_US
dc.subjectF30en_US
dc.subjectF31en_US
dc.titleExchange rate volatility and Turkish-German commodity trade: an asymmetry analysisen_US
dc.typeArticleen_US

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