The effect of real exchange rates and their volatilities on the selected agricultural commodity exports: A case study on Turkey, 1971-2010
Halit Yanıkkaya,
Huseyin Kaya and
Osman Murat Kocturk
Additional contact information
Osman Murat Kocturk: Celal Bayar University, Manisa, Turkey
Agricultural Economics, 2013, vol. 59, issue 5, 235-246
Abstract:
This study investigates the effect of the exchange rate volatility and the real exchange rate on the bilateral agricultural exports flows of Turkey to 46 countries. A panel data set, which contains 46 cross-sections and 1840 observations, is used for exports of the selected agricultural commodities to countries from 1971 to 2010. Our empirical results based on a gravity equation show that while the exchange rate volatility does not exert a significant effect on the Turkish agricultural commodity exports, the real exchange rate has a statistically significant effect on the agricultural commodity export flows. Regardless of the region chosen, raisins and tobacco exports are very much sensitive to the real exchange rates. It means that any depreciation in the Turkish Lira leads to higher exports for these commodities. We have also some interesting results on other commodities. Exports of dried figs show no sensitivity to the exchange rate or its volatilities, except for the EU countries. For the full sample, exports of citrus, grape and hazelnuts increases as the TL depreciates. The sensitivity of hazelnut to the real exchange rates varies among regions.
Keywords: agricultural trade; exchange rate volatility; gravity; panel (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
http://agricecon.agriculturejournals.cz/doi/10.17221/122/2012-AGRICECON.html (text/html)
http://agricecon.agriculturejournals.cz/doi/10.17221/122/2012-AGRICECON.pdf (application/pdf)
free of charge
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:caa:jnlage:v:59:y:2013:i:5:id:122-2012-agricecon
DOI: 10.17221/122/2012-AGRICECON
Access Statistics for this article
Agricultural Economics is currently edited by Ing. Zdeňka Náglová Ph.D.
More articles in Agricultural Economics from Czech Academy of Agricultural Sciences
Bibliographic data for series maintained by Ivo Andrle ().