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The validity of Marshall-Lerner condition in Turkey: A cointegration approach

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  • Hakan TÜRKAY

    (Cumhuriyet University, Sivas, Turkey)

Abstract

In recent years, it is discussed that the currency adjustments (devaluations) may frequently have impact on current account deficit associated with the increase in current account deficit. The impact of devaluation on balance of trade depends on the effectiveness of Marshall-Lerner condition. In this study, the validity of Marshall-Lerner condition in Turkey was investigated. According to the results of Johansen cointegration test and error correction model which were obtained by using annual data of 1980-2012 period; some findings were obtained about the validity of Marshall-Lerner condition in the long run.

Suggested Citation

  • Hakan TÜRKAY, 2014. "The validity of Marshall-Lerner condition in Turkey: A cointegration approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(10(599)), pages 21-32, October.
    • Handle: RePEc:agr:journl:v:xxi:y:2014:i:10(599):p:21-32
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    Cited by:

    1. Parray Waseem A. & Wani Suadat H. & Yasmin Effat, 2022. "Determinants of the Trade Balance in India. Evidence from a Post-Liberalisation Period," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(4), pages 16-37, December.
    2. Linda Akoto & Daniel Sakyi, 2019. "Empirical Analysis of the Determinants of Trade Balance in Post-liberalization Ghana," Foreign Trade Review, , vol. 54(3), pages 177-205, August.
    3. Muhammad Omer & Junaid Kamal & Jakob Haan, 2023. "Does an exchange rate depreciation improve the trade balance of Pakistan?," International Journal of Economic Policy Studies, Springer, vol. 17(1), pages 163-185, February.

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