Exchange Rate Volatility and Turkey-US Commodity Trade: An Asymmetry Analysis

被引：0

作者：

Bahmani-Oskooee, Mohsen ^{[1
,2
]}

Karamelikli, Huseyin ^{[3
]}

机构：

[1] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53201 USA

[2] Univ Wisconsin, Dept Ophthalmol, Milwaukee, WI 53201 USA

[3] Karabuk Univ, Dept Econ, Karabuk, Turkey

来源：

ECONOMIC ISSUES | 2020年 / 25卷

关键词：

Exchange rate volatility; Asymmetry; Commodity trade; Turkey; US; Nonlinear ARDL; RATE VARIABILITY; RATE UNCERTAINTY; ERROR-CORRECTION; J-CURVE; EXPORTS; FLOWS; COINTEGRATION;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：1 / 29

页数：21

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