The Impact of Exchange Rate Volatility on Turkish Exports: 1993-2009

• Authors: Halil Altintaş , Rahmi Cetin , Bülent Öz
• Languages of publication: EN

Abstracts

EN

This paper attempts to investigate the long-run and short-run relationships between Turkish exports, exchange rate volatility, foreign income, and relative prices by employing quarterly data for the period 1993Q3-2009Q4. Towards this purpose, multivariate cointegration and error correction model (ECM) techniques are used in this study. The long-run estimation results suggest that foreign income and real exchange rate volatility exert positive and statistically significant impacts on Turkish exports, while relative prices affect Turkish exports negatively and significantly. In addition, the results of the ECM model indicate that relative prices have a negative and significant effect, foreign income has an insignificant effect, and nominal exchange rate volatility has a positive and significant effect on Turkish exports.

Keywords

EN

Exchange Rate Volatility; Export; ARDL Cointegration; Turkey

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2011
• Volume: 6
• Issue: 2
• Pages: 71-81

Dates

published

2011-11-01

online

2012-01-27

Contributors

author

Halil Altintaş

• Faculty of Economics and Administrative Sciences, Erciyes University, Economics, Turkey

author

Rahmi Cetin

• Faculty of Economics and Administrative Sciences, Economics, K. Maras Sütçü İmam University, Turkey

author

Bülent Öz

• Faculty of Economics and Administrative Sciences, Business, Korkut Ata University, Turkey

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Identifiers

DOI

10.2478/v10033-011-0017-8