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An Empirical Analysis on the Export/Import Coverage Ratio in Turkey

Author

Listed:
  • Mustafa Faruk Aydin
  • Yusuf Soner Baskaya
  • Ufuk Demiroglu

Abstract

Using Turkey�s bilateral trade data with its 91 major trading partners from the 1994-2012 period, this paper investigates the sensitivity of the Turkish export/import coverage ratio to trading partner exchange rate and Gross Domestic Product using panel regressions. Empirical findings indicate that a 1 percent growth in trading partners� Gross Domestic Product is associated with a 1.6-1.7 percent increase in the coverage ratio, while a 1 percent appreciation in trading partner�s real exchange rate is associated with a 0.94-1.45 percent increase in the coverage ratio. Our estimates are in line with the existing empirical studies that estimate the exchange rate and income elasticities of Turkish imports and exports.

Suggested Citation

  • Mustafa Faruk Aydin & Yusuf Soner Baskaya & Ufuk Demiroglu, 2015. "An Empirical Analysis on the Export/Import Coverage Ratio in Turkey," Working Papers 1510, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    • Handle: RePEc:tcb:wpaper:1510
    as

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    File URL: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Publications/Research/Working+Paperss/2015/15-10
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    More about this item

    Keywords

    Turkish Economy; Coverage Ratio; Trade Elasticities; Trade Performance Measures and Indicators;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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