The Real Effective Exchange Rate and Industrial Employment: The Turkish Case

Resat Can Akkay
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Resat Can Akkay: Istanbul University

Business and Economics Research Journal, 2021, vol. 12, issue 3, 491-507

Abstract: This study investigates the relationship between industrial employment and producer price index-based real effective exchange rate, over the period 2009M01-2019M10, by employing the autoregressive distributed lag cointegration procedure, for the Turkish economy. The empirical findings support the existence of a positive relationship between the appreciation of the producer price index-based real effective exchange rate and an increase in industrial employment. Accordingly, a 1% appreciation of the producer price index-based real effective exchange rate leads to a 0.092% increase in industrial employment. This finding supports the dominance of the “imported input” channel over the other transmission channels for Turkey at the industry level.

Keywords: Real Effective Exchange Rate; Industrial Employment; ARDL Model; Aggregation Bias; Turkey (search for similar items in EconPapers)
JEL-codes: C22 E24 F31 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0555

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