The bilateral j-curve of turkey for consumption, capital and intermediate goods

Download
2008
Keskin, Gizem
This study analyzes the J-curve effect for Turkey’s bilateral trade with her three main trading partners; Germany, USA and Italy, for consumption, capital and intermediate goods. The bounds test is used to test for cointegration among the trade balance, the real bilateral exchange rate, the real domestic income and the real foreign income. The results show that the real exchange rate is not a significant determinant of trade in the short run. In the long run, it is significant only for trade with USA in consumption goods. Moreover, J-curve does not exist for Turkey’s bilateral trade with Germany, USA, and Italy in consumption, capital and intermediate goods. The results support existence of a link between the bilateral trade balances and the real domestic income both in the short run and the long run.

Suggestions

Direct foreign investment in Turkish manufacturing industry
Koldaş, Tevfik; Şenses, Fikret; Department of Economics (2005)
This study deals with direct foreign investment (DFI) in Turkish manufacturing industry with two main objectives: First, the reasons of the failure of Turkish economy in attracting sufficiently high levels of DFI is analysed as compared to the experiences other developing countries that have been successful on this count. Second, the impact of DFI in Turkish manufacturing industry is analysed in terms of export, employment, and technology contribution as well as the comparative behaviour of domestic and DFI...
An empirical analysis of the relationship between financial deepening and economic growth: the case of Turkey
Esen, Kılıç; Voyvoda, Ebru; Department of Economics (2008)
This study aims to investigate the direction of the relationship between financial deepening and economic growth after the completion of financial liberalization in Turkey. In order to do this, an unbalanced panel data set of 49 OECD and emerging countries for 1953-2005 period is examined with Granger causality and panel data estimation techniques. In the light of panel data analysis results, quarterly Turkish time series data for 1987-2006 period is examined by using Granger causality, cointegration and Ve...
Sequencing, pace and timing of financial liberalization process in Turkey with implications on the macroeconomic environment
Ganioğlu, Aytül; Şenses, Fikret; Department of Economics (2006)
This study basically analyzes timing, sequencing and pace of the financial liberalization experience of the Turkish economy in the 1980s and evaluates its implications for the crises in the Turkish economy since the 1990s. The objectives of this study are threefold: Firstly, it aims to reveal the main policy objectives and political factors pushing the government to take capital account liberalization decision in 1989. It is concluded that domestic decision makers have shaped and taken the decision of capit...
Determinants of current account deficits in industrialized and developing coıuntries: an empirical investigation
Kaya Bahçe, Seçil Aysed; Kaya Bahçe, Seçil Aysed; Department of Economics (2005)
This study aims to analyze the determinants of the current account deficits for a broad samples of industrial and developing countries for the period 1984-2001. Using a dynamic panel data estimation procedure, we try to unfold the impact of several macro economic and institutional variables on current account deficits. In this context, we also examine the validity of Feldstein Horioka puzzle and its relevance to the current account imbalances. Results show that better governance, a more sophisticated financ...
Bank competition and banking system stability: evidence from Turkey
Ak Kocabay, Selvi; Özmen, Erdal; Department of Economics (2009)
This study empirically investigates the validity of the competition and stability trade-off hypothesis for the Turkish banking system. To this end, we consider annual bank level accounting data for the 1990-2008 period and compute the most commonly used measures of banking stability and competition. The effects of macroeconomic factors and bank specific indicators including the ownership structure are also taken into account. The fixed effects panel estimation results suggest that the relation between compe...
Citation Formats
G. Keskin, “The bilateral j-curve of turkey for consumption, capital and intermediate goods,” M.S. - Master of Science, Middle East Technical University, 2008.