Determinants of Sectoral Import in Manufacturing Industry: A Panel Data Analysis

Caner Colak (), Selman Tokpunar () and Yasin Uzun ()
Additional contact information
Caner Colak: Assistant Foreign Trade Expert, Ministry of Economy
Selman Tokpunar: Foreign Trade Expert, Ministry of Economy
Yasin Uzun: Foreign Trade Expert, Ministry of Economy

Ege Academic Review, 2014, vol. 14, issue 2, 271-281

Abstract: This paper investigates determinants of sectoral import in Turkey’s manufacturing industry over a sample from 1998Q1 to 2012Q2 by using Augmented Mean Group analysis which is introduced by Eberhardt and Teal (2008) and developed by Eberhardt and Bond (2009). The model takes into account parameter heterogeneity and cross-sectional dependence. Cross-sectional dependence is tested by CD-Bias test of Pesaran (2008), while Cross-Sectionally Augmented Dickey-Fuller (CADF) test proposed by Pesaran (2007) is employed for testing for the presence of a unit root and cointegration among the variables is tested by using the methodology of Westerlund (2008). The regression results indicate that elasticities of import demand with respect to industrial production are different at sectoral level and coefficients of real exchange rate are significant and positive for almost all of the sectors. It is seen that the sectors with highest elasticities of import demand with respect to industrial production are basic metals, motor vehicles, eletrical machinery and textiles. Also, working day variable and crisis dummy are used to explore the impact of calendar day effect and global crisis.

Keywords: Turkey; import; sectoral panel analysis (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.onlinedergi.com/makaledosyalari/51/pdf2014_2_10.pdf (application/pdf)
http://onlinedergi.com/arsiv/arsivDetay.aspx?yil=2014&peryot=2 Website of the journal issue (text/html)

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:ege:journl:v:14:y:2014:i:2:p:271-281

Access Statistics for this article

Ege Academic Review is currently edited by Özlem Önder

More articles in Ege Academic Review from Ege University Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Baris Gök ().