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Estimation of the Marshall-Lerner Condition and J Curve Dynamics for Turkey

Ilyas Siklar and Merve Celik Kecili
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Ilyas Siklar: Anadolu University, FEAS, Eskisehir/Turkey
Merve Celik Kecili: Anadolu University, OEF, EskiÅŸehir/Turkey

International Journal of Economics and Financial Research, 2018, vol. 4, issue 5, 125-130

Abstract: The main purpose of this study is to investigate the validity of Marshall-Lerner condition and the existence of J curve for the Turkish economy. Because of transition to the floating exchange rate regime in 2001, the analyzing period has been chosen as 2003-2016 to use monthly data for the related variables. After conducting unit- root and cointegration tests, the estimated VECM results show that Marshall- Lerner condition holds for the Turkish case. On the other hand, estimated VECM produces impulse- response functions that prove the existence of J curve for the Turkish economy in the long run.

Keywords: Trade elasticity; Marshall-Lerner condition; J-curve; Turkey (search for similar items in EconPapers)
Date: 2018
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