Asymmetric effects of exchange rate changes on exports: A sectoral nonlinear cointegration analysis for turkey
Küçük Resim Yok
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Statistical Economic and Social Research and
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper examines the effects of the real exchange rate changes on the selected sectoral exports of Turkey’s manufacturing industry in the context of nonlinear auto-regressive distributed lag model (NARDL). NARDL method includes short-run and long-run coefficient estimates and embraces the asymmetric effects. The previous studies generally used the linear models on the aggregated data and they offered ambiguous results. The latest studies have preferred to use the method of NARDL on the bilateral trade balance data. Instead of using bilateral data, this paper considers the data of sectoral exports, specifically the exports of the selected Turkey’s manufacturing sectors. The estimated NARDL models supply the empirical information about the asymmetric effects of the real exchange rate on the sectoral exports. Results from the model for each sector provide the evidence indicating that the depreciation and appreciation of the domestic currency have asymmetric significant effects on the sectoral exports. © 2020, Statistical Economic and Social Research and. All rights reserved.
Açıklama
Anahtar Kelimeler
Asymmetric Effects, Nonlinear Cointegration, Real exchange rate, Sectoral Export
Kaynak
Journal of Economic Cooperation and Development
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
41
Sayı
1
