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An Empirical Analysis on the Export/Import Coverage Ratio in Turkey

Faruk Aydin (), Yusuf Baskaya () and Ufuk Demiroglu

Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: Using Turkey�s bilateral trade data with its 91 major trading partners from the 1994-2012 period, this paper investigates the sensitivity of the Turkish export/import coverage ratio to trading partner exchange rate and Gross Domestic Product using panel regressions. Empirical findings indicate that a 1 percent growth in trading partners� Gross Domestic Product is associated with a 1.6-1.7 percent increase in the coverage ratio, while a 1 percent appreciation in trading partner�s real exchange rate is associated with a 0.94-1.45 percent increase in the coverage ratio. Our estimates are in line with the existing empirical studies that estimate the exchange rate and income elasticities of Turkish imports and exports.

Keywords: Turkish Economy; Coverage Ratio; Trade Elasticities; Trade Performance Measures and Indicators (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:1510

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