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Exchange rate volatility and Turkish commodity trade with the rest of the world

Listed author(s):
  • Mohsen Bahmani-Oskooee

    ()

    (University of Wisconsin-Milwaukee)

  • Nazif Durmaz

    ()

    (University of Huston-Victoria)

Abstract Since advent of the current float, like many other currencies the Turkish lira has followed a volatile path. Several previous studies have assessed the impact of this volatility on Turkish exports and imports using aggregate trade flows of Turkey. Not much significant effects are found. In this paper, we use disaggregated Turkish imports and exports of 61 industries that trade with the rest of the world and find that exchange rate volatility has short-run significant impact on the imports of 39 industries and exports of 23 industries. The short-run effects last into the long run in almost half of the industries.

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File URL: http://link.springer.com/10.1007/s10644-015-9172-8
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Article provided by Springer in its journal Economic Change and Restructuring.

Volume (Year): 49 (2016)
Issue (Month): 1 (February)
Pages: 1-21

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Handle: RePEc:kap:ecopln:v:49:y:2016:i:1:d:10.1007_s10644-015-9172-8
DOI: 10.1007/s10644-015-9172-8
Contact details of provider: Web page: http://www.springer.com

Order Information: Web: http://www.springer.com/economics/development/journal/10644/PS2

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  1. Frank W. Agbola & Maylene Y. Damoense, 2005. "Time-series estimation of import demand functions for pulses in India," Journal of Economic Studies, Emerald Group Publishing, vol. 32(2), pages 146-157, May.
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  6. Mohsen Bahmani-Oskooee & Claire Economidou & Gour Gobinda Goswami, 2005. "How sensitive are Britain's inpayments and outpayments to the value of the British pound," Journal of Economic Studies, Emerald Group Publishing, vol. 32(5), pages 455-467, October.
  7. Muhammad Shahbaz & Faridul Islam & Naveed Aamir, 2012. "Is devaluation contractionary? Empirical evidence for Pakistan," Economic Change and Restructuring, Springer, vol. 45(4), pages 299-316, November.
  8. Lila J. Truett & Dale B. Truett, 2000. "The demand for imports and economic reform in Spain," Journal of Economic Studies, Emerald Group Publishing, vol. 27(3), pages 182-199, September.
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  12. Seema Narayan & Paresh Kumar Narayan, 2005. "An empirical analysis of Fiji's import demand function," Journal of Economic Studies, Emerald Group Publishing, vol. 32(2), pages 158-168, May.
  13. Glauco De Vita, 2008. "Determinants of capital flows to developing countries: a structural VAR analysis," Journal of Economic Studies, Emerald Group Publishing, vol. 35(4), pages 304-322, September.
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  16. Mohsen Bahmani-Oskooee & Scott Hegerty & Amr Hosny, 2015. "The effects of exchange-rate volatility on industry trade between the US and Egypt," Economic Change and Restructuring, Springer, vol. 48(2), pages 93-117, May.
  17. Bahmani-Oskooee, Mohsen, 1986. "Determinants of international trade flows : The Case of Developing Countries," Journal of Development Economics, Elsevier, vol. 20(1), pages 107-123.
  18. Tuck Cheong Tang, 2007. "Money demand function for Southeast Asian countries: An empirical view from expenditure components," Journal of Economic Studies, Emerald Group Publishing, vol. 34(6), pages 476-496, November.
  19. Alan King, 1993. "The Functional Form of Import Demand: The Case of UK Motor Vehicle Imports, 1980-90," Journal of Economic Studies, Emerald Group Publishing, vol. 20(3), pages 36-50, September.
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  21. Mohsen Bahmani-Oskooee & Ruixin Zhang, 2014. "Is there J-Curve effect in the commodity trade between Korea and rest of the world?," Economic Change and Restructuring, Springer, vol. 47(3), pages 227-250, August.
  22. Bahmani-Oskooee, Mohsen & Ltaifa, Nabil, 1992. "Effects of exchange rate risk on exports: crosscountry analysis," World Development, Elsevier, vol. 20(8), pages 1173-1181, August.
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