Exchange Rate Volatility and Turkey-US Commodity Trade: An Asymmetry Analysis
Küçük Resim Yok
Tarih
2020
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Economic Issues Education Fund
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In this paper we assess the symmetric and asymmetric effects of lira-dollar volatility on 56 2-digit industries that trade between Turkey and the US When a linear model was estimated, which assumes the effects to be symmetric, we found short-run effects of volatility on 23 Turkish exporting industries and 31 Turkish importing industries. Short-run effects lasted into the long-run in 6 exporting and 18 importing industries. However, when a nonlinear model was estimated, we found short-run effects in 41 exporting and 42 importing industries which were asymmetric in all industries. Short-run effects translated into asymmetric long-run effects in 45 exporting and 22 importing industries.
Açıklama
Anahtar Kelimeler
Exchange rate volatility, Asymmetry, Commodity trade, Turkey, US, Nonlinear ARDL
Kaynak
Economic Issues
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
25
