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Exchange rates and employment in Turkish manufacturing

Author

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  • Alpay Filiztekin

    (Sabanci University)

Abstract

This paper investigates the effects of exchange rate fluctuations on Turkish manufacturing employment and wages using data for a panel of manufacturing industries over the period 1981-1999. The net effect of depreciations are found to be negative for both employment and wages, though the effects on wages are more pronounced. The negative effect of high dependency of Turkish manufacturing industries on foreign inputs overcomes the positive effect of depreciations on competitiveness.

Suggested Citation

  • Alpay Filiztekin, 2005. "Exchange rates and employment in Turkish manufacturing," International Finance 0501004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpif:0501004
    Note: Type of Document - pdf; pages: 24
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/0501/0501004.pdf
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    References listed on IDEAS

    as
    1. Burgess, Simon M & Knetter, Michael M, 1998. "An International Comparison of Employment Adjustment to Exchange Rate Fluctuations," Review of International Economics, Wiley Blackwell, vol. 6(1), pages 151-163, February.
    2. Dekle, Robert, 1998. "The yen and Japanese manufacturing employment," Journal of International Money and Finance, Elsevier, vol. 17(5), pages 785-801, October.
    3. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    4. Jose Campa & Linda S. Goldberg, 1997. "The Evolving External Orientation of Manufacturing Industries: Evidence from Four Countries," NBER Working Papers 5919, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Hua, Ping, 2007. "Real exchange rate and manufacturing employment in China," China Economic Review, Elsevier, vol. 18(3), pages 335-353.
    2. Stewart Ngandu, 2008. "Exchange Rates And Employment," South African Journal of Economics, Economic Society of South Africa, vol. 76(s2), pages 205-221, August.
    3. Edmira Cakrani, 2015. "The Impact of Real Exchange Rate on Employment in Albania," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(5), pages 45-55, October.
    4. Ping HUA, 2005. "Real exchange rate and employment in the manufacturing sector in China," Working Papers 200528, CERDI.

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    More about this item

    Keywords

    exchange rates; labor market; manufacturing; Turkey;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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