The Effects of Foreign Trade on Participation Index: ARDL Bounds Testing Approach

Tufan Sarıtaş and Erdi Bayram
Additional contact information
Tufan Sarıtaş: Karamanoglu Mehmetbey University
Erdi Bayram: Mani̇sa Celâl Bayar University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2021, vol. 36, issue 115, 59-76

Abstract: In this study, the effect of foreign trade on Participation 30 Index was investigated by using ARDL Bounds Testing Approach with monthly data for the period 2011:3-2020:2. Two models have been established; in the first model, Participation 30 index is dependent series (LKAT); exchange rate (LDOV), import (LITH) and inflation (LENF) are independent series. In the second model, exchange rate (LDOV), export (LIHR) and inflation (LENF) are independent series. According to findings, it was concluded that imports had a positive effect on index. On the other hand, it was observed exports did not have statistically significant effect on the index.

Keywords: Participation Index; Export; Import; ARDL Bounds Test (search for similar items in EconPapers)
JEL-codes: C82 E44 G11 G32 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/1283100 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:36:y:2021:i:115:p:59-76

DOI: 10.33203/mfy.792982

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().