Turkish-German Commodity Trade and Asymmetric J-Curve

Mohsen Bahmani-Oskooee and Huseyin Karamelikli

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2020, vol. 66, issue 2, 93-129

Abstract: We consider the short-run and the long-run effects of the real Turkish Lira-Euro rate on the trade balance of each of the 64 industries that trade between Turkey and Germany. We find relatively more significant effects by estimating a nonlinear ARDL model for each industry. Indeed, the approach of separating currency depreciation from appreciation identified the five largest Turkish industries that engage in more than 50 % of the trade between these two countries and that benefitted from Turkish Lira depreciation against the Euro.

Keywords: Asymmetric Cointegration; Nonlinear ARDL; Turkish-German Trade; Industry Data; J-Curve (search for similar items in EconPapers)
JEL-codes: F14 F31 (search for similar items in EconPapers)
Date: 2020
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