The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach

Bekir Şendilmen

The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach

Öz

This paper analyses the relationship between the trade volume and the volatility of the real effective exchange rate for the case of the U.S. and Turkey. The exchange rate volatility is modeled as a GARCH(1,1) process. We employ the popular ARDL bounds testing approach to investigate the existence of a long-run relationship. Unlike most other studies, this paper uses disaggregated monthly data from ten major industries, to make the identification of industry specific effects possible. We find that in 18 out of 20 cases, the volatility of the real effective exchange rate is an insignificant regressor in the long run. Exports from Turkey to the U.S. mostly depend on the real effective exchange rate, imports to Turkey from the U.S., on the other hand, depend mostly on the Turkish industrial production index. The results of the bounds test confirm the ambiguity of the findings of previous studies.

Kaynakça

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Ayrıntılar

Birincil Dil

Türkçe

Konular

-

Bölüm

-

Yazarlar

Bekir Şendilmen

Yayımlanma Tarihi

25 Nisan 2017

Gönderilme Tarihi

22 Mart 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 12 Sayı: 46

IZ

https://izlik.org/JA25FJ92AK

Kaynak Göster

RIS / Bibtex

APA

Şendilmen, B. (2017). The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach. Yaşar Üniversitesi E-Dergisi, 12(46), 103-112. https://izlik.org/JA25FJ92AK

AMA

1.Şendilmen B. The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach. Yaşar Üniversitesi E-Dergisi. 2017;12(46):103-112. https://izlik.org/JA25FJ92AK

Chicago

Şendilmen, Bekir. 2017. “The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach”. Yaşar Üniversitesi E-Dergisi 12 (46): 103-12. https://izlik.org/JA25FJ92AK.

EndNote

Şendilmen B (01 Nisan 2017) The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach. Yaşar Üniversitesi E-Dergisi 12 46 103–112.

IEEE

[1]B. Şendilmen, “The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach”, Yaşar Üniversitesi E-Dergisi, c. 12, sy 46, ss. 103–112, Nis. 2017, [çevrimiçi]. Erişim adresi: https://izlik.org/JA25FJ92AK

ISNAD

Şendilmen, Bekir. “The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach”. Yaşar Üniversitesi E-Dergisi 12/46 (01 Nisan 2017): 103-112. https://izlik.org/JA25FJ92AK.

JAMA

1.Şendilmen B. The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach. Yaşar Üniversitesi E-Dergisi. 2017;12:103–112.

MLA

Şendilmen, Bekir. “The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach”. Yaşar Üniversitesi E-Dergisi, c. 12, sy 46, Nisan 2017, ss. 103-12, https://izlik.org/JA25FJ92AK.

Vancouver

1.Bekir Şendilmen. The Impact of Real Effective Exchange Rate Volatility on the Trade between the U.S. and Turkey: An ARDL Approach. Yaşar Üniversitesi E-Dergisi [Internet]. 01 Nisan 2017;12(46):103-12. Erişim adresi: https://izlik.org/JA25FJ92AK