EconPapers    
Economics at your fingertips  
 

Asymmetric cointegration and the J-curve: evidence from commodity trade between Turkey and EU

Mohsen Bahmani-Oskooee () and Nazif Durmaz ()

Empirica, 2020, vol. 47, issue 4, No 3, 757-792

Abstract: Abstract In this paper, we assess the asymmetric effects of exchange rate changes on the trade balance of 57 industries that trade between Turkey and EU. Since the analysis introduces nonlinear adjustment of the exchange rate, we find results that are different than previous research. More precisely, we find short-run asymmetry effects in all industries, short run adjustment asymmetry in 24 industries, short-run impact asymmetry in 17 industries, and long-run asymmetry effects in 23 industries. Small and large industries seem to be subject to the same asymmetry effects.

Keywords: Asymmetric cointegration; Nonlinear ARDL; Turkish-EU trade; Industry data; J-curve (search for similar items in EconPapers)
JEL-codes: F14 F31 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10663-019-09455-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Asymmetric cointegration and the J-Curve: Evidence from commodity trade between Turkey and EU (2016) Downloads
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:kap:empiri:v:47:y:2020:i:4:d:10.1007_s10663-019-09455-4

Ordering information: This journal article can be ordered from
http://www.springer. ... ration/journal/10663

DOI: 10.1007/s10663-019-09455-4

Access Statistics for this article

Empirica is currently edited by Fritz Breuss and Fritz Breuss

More articles in Empirica from Springer, Austrian Institute for Economic Research, Austrian Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2021-01-19
Handle: RePEc:kap:empiri:v:47:y:2020:i:4:d:10.1007_s10663-019-09455-4