Affiliation:
1. Afyon Kocatepe University, Department of Economics, Afyonkarahisar, Turkey
Abstract
This paper aims to investigate the effect of exchange-rate stability on real
export volume in Turkey, using monthly data for the period February 2001 to
January 2010. The Johansen multivariate cointegration method and the
parsimonious error-correction model are applied to determine long-run and
short-run relationships between real export volume and its determinants. In
this study, the conditional variance of the GARCH (1, 1) model is taken as a
proxy for exchange-rate stability, and generalized impulse-response functions
and variance-decomposition analyses are applied to analyze the dynamic
effects of variables on real export volume. The empirical findings suggest
that exchangerate stability has a significant positive effect on real export
volume, both in the short and the long run.
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
Cited by
6 articles.
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