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

Sayı

Künye