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ESTIMATION OF IMPORT DEMAND FUNCTION FOR TURKEY (1970-2016)

Yıl 2019, Cilt: 20 Sayı: 1, 127 - 139, 24.06.2019
https://doi.org/10.24889/ifede.414919

Öz

The aim of this study is to estimate import
demand function for Turkey with ARDL bound testing method and by means of
elasticities. Time series that are used in this study are import, gross
domestic product and real effective exchange rate, which are obtained from
database of the OECD and FRED. These series are annual that includes between
1970 and 2016. At the end of the study, cointegration have been determined
among import, gross domestic product and real effective exchange rate. Besides,
as it is expected, income elasticity of import have been calculated as positive
(0.872) and real exchange rate elasticity of import as negative (-0.629).

Kaynakça

  • KAYNAKÇA
  • Aldan, A., Bozok İ. ve Günay, M. (2012). Short Run Import Dynamics in Turkey. CBRT, Working Papers, 12(25).
  • Altıntaş, H. ve Türker O. (2014). The Dynamics of Export and Import Functions in Turkey: Cointegration and Multivariate Granger Causation Analysis. International Journal of Asian Social Science, 4(5), 676-689.
  • Apaydın, C. (2017). İhalat Talep Fonksiyonunun Tahmini: Türkiye Örneği 1989-2015. (Danışman: Aslı Seda Kurt) Dokuz Eylül Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat Anabilim Dalı, İktisat Programı, Yayınlanmamış Yüksek Lisans Tezi, İzmir.
  • Aydın, F., Çıplak, U. ve Yücel, M.E. (2004). Export Supply and Import Demand Models for the Turkish Economy. CBRT, Research and Monetary Policy Department, Working Papers, 04(09).
  • Bahmani-Oskooee, M. (1986). Determinants of International Trade Flows: The Case of Developing Countries. Journal of Development Economics, 20(1), 107-123.
  • Bahmani-Oskooee, M. (1998). Cointegration Approach to Estimate the Long-run Trade Elasticities in LDCs. International Economic Journal, 12(9), 89-96.
  • Bahmani-Oskooee, M. ve Niroomand, F. (1998). Long-run Price Elasticities and the Marshall-Lerner Condition Revisited. Economics Letters, 61(1), 101-109.
  • Bahmani-Oskooee, M. ve Kara, O. (2005). O. Income and Price Elasticities of Trade: Some New Estimates. The International Trade Journal, 19(2), 165-178.
  • Bayraktutan, Y. ve Bıdırdı, H. (2010). Türkiye’de İthalatın Temel Belirleyicileri. Ege Akademik Bakış, 10(1), 351-369.
  • Bayramoğlu A.T., ve Şükrüoğlu, D. (2016). Non-Energy Import Demand Function in Turkey: New Evidence. Asian Economic and Financial Review, 6(12), 750-761.
  • Constant, S.N.B.Z. ve Yue, Y. (2010). An Econometric Estimation of Import Demand Function for Cote D’Ivoire. International Journal of Business and Management, 5(2), 77-84.
  • Dickey, D. ve Fuller, W.A. (1979). Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, 74(366), 427-431.
  • Dickey, D. ve Fuller, W.A. (1981). Likelihood Ratio Statistics for Autoregressive Unit Root. Econometrica, 49(4), 1981, 813-836.
  • Dutta, D. ve Ahmed, N. (2004). An aggregate Import Demand Function for India: A Cointegration Analysis. Applied Economics Letters, 11(10), 607-613.
  • Englama, A., Oputa, N.C.G., Sanni, K., Yakub, M.U., Adesenya, O., ve Sani, Z. (2013). An Aggregate Import Demand Function for Nigeria: An Auto-Regressive Distributed Lag (ARDL) Approach. Economic and Financial Review, 51(3), 1-18.
  • Engle, R.F. ve Granger, C.W.J. (1987). Co-integration and error correction representation, estimation and testing. Econometrica, 55(2), 251-276.
  • Erlat, H. ve Erlat, G. (1991). An Empirical Study of Turkish Export and Import Function. CBRT and METU.
  • Fosu, O.E. ve Magnus, F.J. (2008). Aggregate Import Demand and Expenditure Components in Ghana. Journal of Social Sciences, 4(1), 1-6.
  • Fullerton, T.M.Jr., ve Sprinkle, R.L. (2005). An Error Correction Analysis of U.S.–Mexico Trade Flows. International Trade Journal, 19(2), 179-192.
  • Gözgör, G. (2014). Aggregated and disaggregated import demand in China: An empirical study. Economic Modelling, 43, 1-8.
  • Gül, E. ve Ekinci, A. (2006). Türkiye’de Reel Döviz Kuru ile İhracat ve İthalat Arasındaki Nedensellik İlişkisi: 1990-2006. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 16, 165-190.
  • Hamori, S. ve Matsubayashi, Y. (2001). An Emprical Analysis on the Stability of Japan’s Aggregate Import Demand Function. Japan and the World Economy, 13(2), 135-144.
  • Hye, Q.M.A. ve Mashkoor, M. (2010). Import Demand for Bangladesh: A rolling window analysis. African Journal of Busines Management, 4(10), 2150-2156.
  • Ibrahim, M.A. (2015). Merchandise Import Demand Function in Saudi Arabia. Applied Economics and Finance, 2(1), 55-65.
  • Johansen, S. (1988). Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12(2-3), 231-254.
  • Johansen, S. ve Juselius, K. (1990), Maximum Likelihood Estimation and Inference on Cointegration – with Application to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
  • Khan, M.S. (1985). Import and Export Demand and Devoloping Countries. IMF Staff Papers, 21(3), 678-693.
  • Kotan, Z. ve Saygılı, M. (1999). Estimating an Import Function for Turkey. CBRT, Research Department, Discussion Paper, 9909.
  • Kutlar, A. ve Şimşek, M. (2003), Türkiye’de İthalat Talebi’nin Koentegrasyon Analizi 1987(Ⅰ)-2000(Ⅳ). Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 18(2), 65-82.
  • Moore, W. ve Morris, D. (2009). A Microeconomic Approach to Modelling Import Demand. Annual Review Seminar Research Department Central Bank of Barbados.Mugableh, M.I. (2017). Estimating Elasticity Function of Jordanian Aggregate Import Demand. Applied Economics and Finance, 4(2), 33-37.
  • Narayan, S. ve Narayan, P.K. (2003). Import Demand Elasticities for Mauritius and South Africa: Evidence from Two Recent Cointegration Techniques. Monash University Department of Economics Discussion Papers, 09(03).
  • Öztürk, İ. ve Arısoy, İ. (2016). An Estimation of crude oil import demand in Turkey: Evidence from time-varying parameters approach. Energy Policy, 99, 174-179.
  • Pesaran, H., Shin, Y., ve Smith, R.J. (2001). Bound Testing Approaches to the Analysis of Long Run Relationship. Journal of Applied Econometrics, 16(3), 289-326.Phillips, P.C.B. and Perron, P. (1988). Testing for a Unit Root in Time Series Regression. Biometrika, 71(3), 335-346.
  • Rehman, H.U. (2007). An Econometric Estimation of Traditional Import Demand Function for Pakistan. Pakistan Economic and Social Review, 45(2), 245-256.Rogers, A. (2000). An Analysis of the Determinants of Fiji’s Imports. Economics Department Reserve Bank of Fuji, Working Paper, 2000(3).
  • Said, S.E. ve Dickey, D. (1984). Testing for Unit Roots in Autoregressive Moving Average Models of Unknown Order. Biometrika, 71(3), 599-607.
  • Shareef, R. and Tran, V. (2007). An Aggregate Import Demand Function for Australia: A Cointegration Approach. School of Accounting, Finance and Economics & FEMARC Working Paper Series.
  • Ullah, S.F.M. ve Yücel, E. (2004). Testing Marshall-Lerner Condition: A Non-Parametric Approach. Applied Economic Letters, 11(4), 231-236.
  • Utkulu, U. ve Seymen, D. (2004). Trade and Competitiveness Between Turkey and the EU: Time Series Evidence. Turkish Economic Association, Discussion Paper, 2004(8).
  • Vergil, H. ve Erdoğan, S. (2009). Döviz kuru-Ticaret Dengesi İlişkisi: Türkiye Örneği. Zonguldak Karaelmas Üniversitesi Sosyal Bilimler Dergisi, 5(9), 35-57.
  • Warner, D. ve Kreinin, M.E. (1983). Determinants of International Trade Flows. The Review of Economics and Statistics, 65(1), 96-104.
  • Wijeweera, A., Bur, M. ve Dollery, B. (2008). Bilateral Import Demand Elasticities the Case of Bangladesh. International Research Journal of Finance and Economics, 19, 114-125.
  • Yamak, R. ve Korkmaz, A. (2005). Reel Döviz Kuru-Ticaret Dengesi İlişkisi: Kritik Elastikiyetler (Marshall-Lerner) Şartı. İstanbul Üniversitesi İktisat Fakültesi Ekonometri ve İstatistik Dergisi, 2, 11-29.

TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016)

Yıl 2019, Cilt: 20 Sayı: 1, 127 - 139, 24.06.2019
https://doi.org/10.24889/ifede.414919

Öz

Bu çalışmanın amacı Türkiye için ithalat talep fonksiyonunu ARDL sınır
testi yöntemiyle ve esneklikler yardımıyla tahmin emektir. Çalışmada kullanılan
zaman serileri OECD ve FRED veri tabanlarından edinilen ithalat, reel gayrisafi
yurtiçi hasıla ve reel efektif döviz kurudur. Bu seriler 1970-2016 arasını
kapsayan yıllık serilerdir. Çalışmanın sonunda ithalat, reel gayrisafi yurtiçi
hasıla ve reel efektif döviz kuru arasında eş bütünleşme saptanmıştır. Ayrıca
ithalatın gelir esnekliği beklenildiği gibi pozitif (0,872) ve reel döviz kuru
esnekliği de negatif (-0,629) hesaplanmıştır.  

Kaynakça

  • KAYNAKÇA
  • Aldan, A., Bozok İ. ve Günay, M. (2012). Short Run Import Dynamics in Turkey. CBRT, Working Papers, 12(25).
  • Altıntaş, H. ve Türker O. (2014). The Dynamics of Export and Import Functions in Turkey: Cointegration and Multivariate Granger Causation Analysis. International Journal of Asian Social Science, 4(5), 676-689.
  • Apaydın, C. (2017). İhalat Talep Fonksiyonunun Tahmini: Türkiye Örneği 1989-2015. (Danışman: Aslı Seda Kurt) Dokuz Eylül Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat Anabilim Dalı, İktisat Programı, Yayınlanmamış Yüksek Lisans Tezi, İzmir.
  • Aydın, F., Çıplak, U. ve Yücel, M.E. (2004). Export Supply and Import Demand Models for the Turkish Economy. CBRT, Research and Monetary Policy Department, Working Papers, 04(09).
  • Bahmani-Oskooee, M. (1986). Determinants of International Trade Flows: The Case of Developing Countries. Journal of Development Economics, 20(1), 107-123.
  • Bahmani-Oskooee, M. (1998). Cointegration Approach to Estimate the Long-run Trade Elasticities in LDCs. International Economic Journal, 12(9), 89-96.
  • Bahmani-Oskooee, M. ve Niroomand, F. (1998). Long-run Price Elasticities and the Marshall-Lerner Condition Revisited. Economics Letters, 61(1), 101-109.
  • Bahmani-Oskooee, M. ve Kara, O. (2005). O. Income and Price Elasticities of Trade: Some New Estimates. The International Trade Journal, 19(2), 165-178.
  • Bayraktutan, Y. ve Bıdırdı, H. (2010). Türkiye’de İthalatın Temel Belirleyicileri. Ege Akademik Bakış, 10(1), 351-369.
  • Bayramoğlu A.T., ve Şükrüoğlu, D. (2016). Non-Energy Import Demand Function in Turkey: New Evidence. Asian Economic and Financial Review, 6(12), 750-761.
  • Constant, S.N.B.Z. ve Yue, Y. (2010). An Econometric Estimation of Import Demand Function for Cote D’Ivoire. International Journal of Business and Management, 5(2), 77-84.
  • Dickey, D. ve Fuller, W.A. (1979). Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, 74(366), 427-431.
  • Dickey, D. ve Fuller, W.A. (1981). Likelihood Ratio Statistics for Autoregressive Unit Root. Econometrica, 49(4), 1981, 813-836.
  • Dutta, D. ve Ahmed, N. (2004). An aggregate Import Demand Function for India: A Cointegration Analysis. Applied Economics Letters, 11(10), 607-613.
  • Englama, A., Oputa, N.C.G., Sanni, K., Yakub, M.U., Adesenya, O., ve Sani, Z. (2013). An Aggregate Import Demand Function for Nigeria: An Auto-Regressive Distributed Lag (ARDL) Approach. Economic and Financial Review, 51(3), 1-18.
  • Engle, R.F. ve Granger, C.W.J. (1987). Co-integration and error correction representation, estimation and testing. Econometrica, 55(2), 251-276.
  • Erlat, H. ve Erlat, G. (1991). An Empirical Study of Turkish Export and Import Function. CBRT and METU.
  • Fosu, O.E. ve Magnus, F.J. (2008). Aggregate Import Demand and Expenditure Components in Ghana. Journal of Social Sciences, 4(1), 1-6.
  • Fullerton, T.M.Jr., ve Sprinkle, R.L. (2005). An Error Correction Analysis of U.S.–Mexico Trade Flows. International Trade Journal, 19(2), 179-192.
  • Gözgör, G. (2014). Aggregated and disaggregated import demand in China: An empirical study. Economic Modelling, 43, 1-8.
  • Gül, E. ve Ekinci, A. (2006). Türkiye’de Reel Döviz Kuru ile İhracat ve İthalat Arasındaki Nedensellik İlişkisi: 1990-2006. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 16, 165-190.
  • Hamori, S. ve Matsubayashi, Y. (2001). An Emprical Analysis on the Stability of Japan’s Aggregate Import Demand Function. Japan and the World Economy, 13(2), 135-144.
  • Hye, Q.M.A. ve Mashkoor, M. (2010). Import Demand for Bangladesh: A rolling window analysis. African Journal of Busines Management, 4(10), 2150-2156.
  • Ibrahim, M.A. (2015). Merchandise Import Demand Function in Saudi Arabia. Applied Economics and Finance, 2(1), 55-65.
  • Johansen, S. (1988). Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12(2-3), 231-254.
  • Johansen, S. ve Juselius, K. (1990), Maximum Likelihood Estimation and Inference on Cointegration – with Application to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
  • Khan, M.S. (1985). Import and Export Demand and Devoloping Countries. IMF Staff Papers, 21(3), 678-693.
  • Kotan, Z. ve Saygılı, M. (1999). Estimating an Import Function for Turkey. CBRT, Research Department, Discussion Paper, 9909.
  • Kutlar, A. ve Şimşek, M. (2003), Türkiye’de İthalat Talebi’nin Koentegrasyon Analizi 1987(Ⅰ)-2000(Ⅳ). Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 18(2), 65-82.
  • Moore, W. ve Morris, D. (2009). A Microeconomic Approach to Modelling Import Demand. Annual Review Seminar Research Department Central Bank of Barbados.Mugableh, M.I. (2017). Estimating Elasticity Function of Jordanian Aggregate Import Demand. Applied Economics and Finance, 4(2), 33-37.
  • Narayan, S. ve Narayan, P.K. (2003). Import Demand Elasticities for Mauritius and South Africa: Evidence from Two Recent Cointegration Techniques. Monash University Department of Economics Discussion Papers, 09(03).
  • Öztürk, İ. ve Arısoy, İ. (2016). An Estimation of crude oil import demand in Turkey: Evidence from time-varying parameters approach. Energy Policy, 99, 174-179.
  • Pesaran, H., Shin, Y., ve Smith, R.J. (2001). Bound Testing Approaches to the Analysis of Long Run Relationship. Journal of Applied Econometrics, 16(3), 289-326.Phillips, P.C.B. and Perron, P. (1988). Testing for a Unit Root in Time Series Regression. Biometrika, 71(3), 335-346.
  • Rehman, H.U. (2007). An Econometric Estimation of Traditional Import Demand Function for Pakistan. Pakistan Economic and Social Review, 45(2), 245-256.Rogers, A. (2000). An Analysis of the Determinants of Fiji’s Imports. Economics Department Reserve Bank of Fuji, Working Paper, 2000(3).
  • Said, S.E. ve Dickey, D. (1984). Testing for Unit Roots in Autoregressive Moving Average Models of Unknown Order. Biometrika, 71(3), 599-607.
  • Shareef, R. and Tran, V. (2007). An Aggregate Import Demand Function for Australia: A Cointegration Approach. School of Accounting, Finance and Economics & FEMARC Working Paper Series.
  • Ullah, S.F.M. ve Yücel, E. (2004). Testing Marshall-Lerner Condition: A Non-Parametric Approach. Applied Economic Letters, 11(4), 231-236.
  • Utkulu, U. ve Seymen, D. (2004). Trade and Competitiveness Between Turkey and the EU: Time Series Evidence. Turkish Economic Association, Discussion Paper, 2004(8).
  • Vergil, H. ve Erdoğan, S. (2009). Döviz kuru-Ticaret Dengesi İlişkisi: Türkiye Örneği. Zonguldak Karaelmas Üniversitesi Sosyal Bilimler Dergisi, 5(9), 35-57.
  • Warner, D. ve Kreinin, M.E. (1983). Determinants of International Trade Flows. The Review of Economics and Statistics, 65(1), 96-104.
  • Wijeweera, A., Bur, M. ve Dollery, B. (2008). Bilateral Import Demand Elasticities the Case of Bangladesh. International Research Journal of Finance and Economics, 19, 114-125.
  • Yamak, R. ve Korkmaz, A. (2005). Reel Döviz Kuru-Ticaret Dengesi İlişkisi: Kritik Elastikiyetler (Marshall-Lerner) Şartı. İstanbul Üniversitesi İktisat Fakültesi Ekonometri ve İstatistik Dergisi, 2, 11-29.
Toplam 43 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Makaleler
Yazarlar

Can Apaydın 0000-0003-0341-2548

Aslı Seda Kurt Bu kişi benim

Yayımlanma Tarihi 24 Haziran 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 20 Sayı: 1

Kaynak Göster

APA Apaydın, C., & Kurt, A. S. (2019). TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016). Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, 20(1), 127-139. https://doi.org/10.24889/ifede.414919
AMA Apaydın C, Kurt AS. TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016). Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. Haziran 2019;20(1):127-139. doi:10.24889/ifede.414919
Chicago Apaydın, Can, ve Aslı Seda Kurt. “TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016)”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 20, sy. 1 (Haziran 2019): 127-39. https://doi.org/10.24889/ifede.414919.
EndNote Apaydın C, Kurt AS (01 Haziran 2019) TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016). Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 20 1 127–139.
IEEE C. Apaydın ve A. S. Kurt, “TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016)”, Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, c. 20, sy. 1, ss. 127–139, 2019, doi: 10.24889/ifede.414919.
ISNAD Apaydın, Can - Kurt, Aslı Seda. “TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016)”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 20/1 (Haziran 2019), 127-139. https://doi.org/10.24889/ifede.414919.
JAMA Apaydın C, Kurt AS. TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016). Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2019;20:127–139.
MLA Apaydın, Can ve Aslı Seda Kurt. “TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016)”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, c. 20, sy. 1, 2019, ss. 127-39, doi:10.24889/ifede.414919.
Vancouver Apaydın C, Kurt AS. TÜRKİYE İÇİN İTHALAT TALEP FONKSİYONU TAHMİNİ (1970-2016). Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2019;20(1):127-39.
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