THE INCONSISTENT RESPONSE OF TURKISH EXPORT DEMAND TO REAL EXCHANGE RATE SHOCKS

M. Hakan Berument, Zulal S. Denaux and Yeliz Yalcin

Global Journal of Business Research, 2015, vol. 9, issue 1, 49-56

Abstract: In this study, we examine the responsiveness of exports to the real exchange rate shocks for different countries. Employing a Vector Autoregressive (VAR) methodology, the effects of different real exchange rate shocks on the Turkish export demand is examined by using quarterly data from the Turkey’s 15 major trade partners. The study finds that the depreciation of the aggregate real exchange rate affected the Turkish export demand positively and significantly for three quarters. After accounting for the effect of the aggregate real exchange rate, this study empirically shows that the responses of Turkish exports to individual bilateral real exchange rate shocks are not uniform across countries

Keywords: Turkish Exports; Foreign Exchange; Vector Autoregressive Method (search for similar items in EconPapers)
JEL-codes: F17 F31 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:gjbres:v:9:y:2015:i:1:p:49-56

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