Asymmetric cointegration and the J-curve: evidence from commodity trade between Turkey and EU

被引：9
|
作者：
Bahmani-Oskooee, Mohsen [1 ]
Durmaz, Nazif [2 ]
机构：
[1] Univ Wisconsin, Dept Econ, Ctr Res Int Econ, Milwaukee, WI 53201 USA
[2] Univ Huston Victoria, Sch Business Adm, Katy, TX 77479 USA
来源：
EMPIRICA | 2020年 / 47卷 / 04期
关键词：
Asymmetric cointegration; Nonlinear ARDL; Turkish-EU trade; Industry data; J-curve; EXCHANGE-RATE; PASS-THROUGH; BILATERAL TRADE; DYNAMICS; BALANCE; PRICES; MARKET;
D O I：
10.1007/s10663-019-09455-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we assess the asymmetric effects of exchange rate changes on the trade balance of 57 industries that trade between Turkey and EU. Since the analysis introduces nonlinear adjustment of the exchange rate, we find results that are different than previous research. More precisely, we find short-run asymmetry effects in all industries, short run adjustment asymmetry in 24 industries, short-run impact asymmetry in 17 industries, and long-run asymmetry effects in 23 industries. Small and large industries seem to be subject to the same asymmetry effects.
引用
收藏
页码：757 / 792
页数：36
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