Exchange rate uncertainty and agricultural trade: panel cointegration analysis for Turkey 期刊名称: Agricultural Economics
花未眠全诗武汉有啥好玩的作者: Ekrem Erdem,Saban Nazlioglu,Cumhur Erdem
脚底板痒作者机构: Department of Economics,Institute of Social Sciences
年份: 2010年
期号: 第6期
关键词: C33;F14;F31Agricultural trade;Exchange rate;Exchange rate
胡宏uncertainty;Panel cointegration;Structural breaks
标高
摘要:This study address the impact of exchange rate levels and uncertainty on bilateral agricultural trade between Turkey and 20 major trading partners, using panel cointegration analysis for annual data covering the period 1980–2005. Results show that (i) the exchange rate level is less robustly linked to t敬慕
rade volumes than is exchange rate uncertainty, (ii) exchange rate uncertainty is associated with smaller trade volumes in both directions, but more so for imports than for exports, and (iii) income growth in Turkey is associated with greater imports, just as income growth among trading partners is associated with greater exports. The findings provide some clues for understanding the recent patterns of Turkish agricultural trade, and suggest directions for future rearch.
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