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Price and Income Elasticities of Turkish Export Demand : A Panel Data Application

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  • Evren Erdogan Cosar

Abstract

In this paper, price and income elasticities of export demand are calculated. The study is extended to sectoral and country specific export demand functions. The paper presents some panel unit root and cointegration tests, which have been studied extensively in recent years. The major aim of this study is to find the price and foreign income elasticities of aggregate export demand. According to the estimation results, the real exchange rate elasticity of total export demand is found to be less than one, whereas the income elasticity is found to be greater than one.

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File URL: http://www.tcmb.gov.tr/research/cbreview/july02-2.pdf
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Bibliographic Info

Article provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its journal Central Bank Review.

Volume (Year): 2 (2002)
Issue (Month): 2 ()
Pages: 19-53

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Handle: RePEc:tcb:cebare:v:2:y:2002:i:2:p:19-53

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Related research

Keywords: Panel Unit Root Test; Panel Cointegration Test; Income and Real Exchange Rate Elasticities;

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References

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Citations

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Cited by:
  1. Utku Utkulu & Dilek Seymen, 2004. "Trade and Competitiveness Between Turkey and the EU: Time Series Evidence," Working Papers 2004/8, Turkish Economic Association, revised Mar 2004.
  2. M. Zakir Saadullah Khan, 2012. "Examining Friedman Hypothesis On Political,Civil And Economic Freedom For Saarc Countries: A Dynamic Panel Data Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 37(3), pages 107-127, September.
  3. Donatella Baiardi & Carluccio Bianchi & Eleonora Lorenzini, 2013. "The Clothing Export Performance and Prospects for Advanced and Emerging Economies: Evidence from a Panel Data Analysis," DEM Working Papers Series 038, University of Pavia, Department of Economics and Management.

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