Economics at your fingertips  

The Asymmetric Responses of Stock Markets

Abderrazak Dhaoui, Stéphane Goutte () and Khaled Guesmi

Journal of Economic Integration, 2018, vol. 33, issue 1, 1096-1140

Abstract: This study investigates how various Economic Integration Agreements between Turkey and its trading partners affected the exports of machinery during 1998~2013. In addition, it differentiates between trade in parts and components and finished products, and assesses the effects of Economic Integration Agreements separately on these two types of goods. Using a discrete-time probit model with random effects, we show that an Economic Integration Agreement increases the survival of export relations which were initiated before the agreement. It is found to be reasonably heterogeneous, that is, the effect is found to be larger for parts and components exports occurring within the Global Production Networks compared to finished products exports.

Keywords: Oil Price Shocks; Stock Markets; Nonlinear Autoregressive Distributed Lag; Dynamic Multiplier (search for similar items in EconPapers)
JEL-codes: Q40 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Asymmetric Responses of Stock Markets (2018)
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:

Access Statistics for this article

Journal of Economic Integration is currently edited by Jong-Eun Lee

More articles in Journal of Economic Integration from Center for Economic Integration, Sejong University Contact information at EDIRC.
Bibliographic data for series maintained by Jong-Eun Lee ().

Page updated 2020-02-19
Handle: RePEc:ris:integr:0730