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

被引：0
|
作者：
Mohsen Bahmani-Oskooee
Nazif Durmaz
机构：
[1] The University of Wisconsin-Milwaukee,The Center for Research in International Economics, Department of Economics
[2] University of Huston-Victoria,School of Business Administration
来源：
Empirica | 2020年 / 47卷
关键词：
Asymmetric cointegration; Nonlinear ARDL; Turkish-EU trade; Industry data; J-curve; F14; F31;
D O I：
暂无
中图分类号：
学科分类号：
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.
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页码：757 / 792
页数：35
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