J-Curve Effect on Turkey’s Foreign Trade Balance
Journal Title: Journal of the Human and Social Science Researches - Year 2016, Vol 5, Issue 3
Abstract
According to J-Curve Theory, an increase in exchange rates causes a decrease in trade balance in the short run and then causes to increase in it. Although there are a lot of studies in this subject, the asymmetrical relationships among macroeconomic variables have been mostly ignored. In this study, Turkey’s foreign trade balance was analyzed by the symmetric and asymmetric models. For this propose two models were constructed by using monthly and quarterly data. According to the results of the analyses based on quarterly data, there is neither cointegration among variables nor J-Curve phenomenon. But according to the results of the model which is based on monthly data, there is symmetric relationship in the short run and asymmetric relationship and cointegration in the long run. By the estimation of using both monthly and quarterly data there is no J-Curve effect. As a result, using monthly data in the estimation of short-run phenomenon of J-Curve which is expected to exist only at short run gives more healthy results.
Authors and Affiliations
Hüseyin KARAMELIKLI| Yrd. Doç. Dr., Karabük Üniversitesi, İİBF huseyinkaramelikli@karabuk.edu.tr
Keywords
Related Articles
- EP ID EP2626
- DOI -
- Views 375
- Downloads 25
The Deficiencies of Turkish Students in the German Language within the Austrian School System
This article is the outcome of a thorough survey of literature. The aim of this review is twofold: first to show the study results of PISA (2002; 2006), BIFIE (2008) and some other Projects about deficiencies of Turkish...
From Creed to Fiqh: Blaspheme in Hanafi Jurisprudence Works
As belief and disbelief are considered the acts of heart, they were first examined in Kalam works. Even though belief and disbelief are the subject matter of Kalam, they also have some direct consequences related to worl...
QURANIC EFFECTS ON THE POETRY OF MEHMET AKİF ERSOY AND GUIDANCE THROUGH THE RELIGION
Mehmet Akif Ersoy was born in 1873 in İstanbul. His mother’s name is Emine Şerife (1836-1926) and father’s name is Mehmet Tahir (1826-1888). His profession is veterinarian. He is a great poet, and a religious activist an...
In The Holy Qur’an, Attitudes A Muslim Should Adopt Toward Those Who Mock The Religion
In the Holy Qur’an, almost all the verses which contain the root h-z-e with all its derivations expound on how mockers will be punished in the hereafter. When the verses regarding the way those mockers will be punished a...
ROLE OF MEDIA IN MODERNIZATION PROCESS: MATTER OF CONTRACTION OF APPROACHES
New inventions and technics and approaches which were emerged at the end of human nature and necessities created modernism and media that are the most enormous and common instruments of technology got involved in modern...