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The bilateral J-curve: Turkey versus her 13 trading partners

  • Halicioglu, Ferda

This study empirically analyses bilateral J-curve dynamics of Turkey with her 13 trading partners using quarterly time series data over the period 1985-2005. Short- and long-run impacts of the depreciation of Turkish lira on the trade balance between Turkey and her 13 trading partners are estimated from the bounds cointegration testing approach and error correction modelling. The empirical results indicate that whilst there is no J-curve effect in the short-run, but in the long-run, the real depreciation of the Turkish lira has positive impact on Turkey's trade balance in couple of countries. The stability of the long-run trade balance equations is also checked through CUSUM and CUSUMSQ stability tests.

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Article provided by Elsevier in its journal Journal of Asian Economics.

Volume (Year): 19 (2008)
Issue (Month): 3 (June)
Pages: 236-243

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Handle: RePEc:eee:asieco:v:19:y:2008:i:3:p:236-243
Contact details of provider: Web page: http://www.elsevier.com/locate/asieco

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  1. Rose, Andrew K. & Yellen, Janet L., 1989. "Is there a J-curve?," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 53-68, July.
  2. Mohsen Bahmani-Oskooee & Gour G. Goswami & Bidyut Kumar Talukdar, 2005. "The Bilateral J-Curve: Australia Versus Her 23 Trading Partners," Australian Economic Papers, Wiley Blackwell, vol. 44(2), pages 110-120, 06.
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