Leading Economic Determinants of Foreign Trade Volume in Turkish Agriculture Sector
AbstractWe empirically analyze the main economic factors affecting the export and import levels in Turkish agriculture sector. Using monthly time series of certain domestic and international variables, we make three complementary analysis; namely, principal component analysis, causality and co-integration analysis, and multivariate GARCH analysis. The empirical findings point out the fact that foreign trade volume in Turkish agriculture sector is statistically in relation with agricultural production, consumer price index, market capitalization of the firms, and international agriculture prices.
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Bibliographic InfoArticle provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.
Volume (Year): 11 (2010)
Issue (Month): 1 (January)
Turkish agriculture sector; foreign trade; principal component analysis; multivariate GARCH; Agricultural and Food Policy; Q14; 024; C5;
Find related papers by JEL classification:
- Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-80, November.
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