Bahmani-Oskooee, MohsenKaramelikli, Huseyin2024-09-292024-09-2920201363-7029https://hdl.handle.net/20.500.14619/8634In 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.eninfo:eu-repo/semantics/closedAccessExchange rate volatilityAsymmetryCommodity tradeTurkeyUSNonlinear ARDLArticle29125WOS:000585796300001N/A