The Relationship between Exchange Rate and Trade Balance in Turkish Economy: New Evidence from Fourier Cointegration Analysis

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dc.contributor.authorMike, Faruk
dc.contributor.authorOzayturk, Gurcem
dc.contributor.authorKizilkaya, Oktay
dc.date.accessioned2024-11-07T13:32:37Z
dc.date.available2024-11-07T13:32:37Z
dc.date.issued2022
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis study aims to analyse the short and long-run effects of exchange rate changes on the trade balance in the Turkish economy by using the quarterly observations for the period from 1998:1 to 2019:3. Fourier KPSS cointegration analysis was applied to investigate the existence of a cointegration relationship between the series. The cointegration test results reveal a long-run relationship between trade balance and real effective exchange rate, national income, and foreign income in Turkey. The findings show that the real effective exchange rate and the foreign income level have positive and statistically significant effects on the trade balance in Turkey. In contrast, the national income level negatively and statistically significantly impacts the trade balance. Finally, Error Correction Model (ECM) was applied to investigate short-run effects between the series in the study. Like the long-run findings, the short-run test results also show positive outcomes for real effective exchange rate and foreign income, whereas negative effects for foreign income.
dc.identifier.doi10.17233/sosyoekonomi.2022.02.17
dc.identifier.endpage331
dc.identifier.issn1305-5577
dc.identifier.issue52
dc.identifier.scopus2-s2.0-85191977583
dc.identifier.scopusqualityN/A
dc.identifier.startpage313
dc.identifier.trdizinid1108143
dc.identifier.urihttps://doi.org/10.17233/sosyoekonomi.2022.02.17
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1108143
dc.identifier.urihttps://hdl.handle.net/11480/15525
dc.identifier.volume30
dc.identifier.wosWOS:000936831600019
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakTR-Dizin
dc.language.isotr
dc.publisherSosyoekonomi Soc
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241106
dc.subjectExchange Rate
dc.subjectForeign Trade
dc.subjectFourier Cointegration
dc.subjectTurkey
dc.titleThe Relationship between Exchange Rate and Trade Balance in Turkish Economy: New Evidence from Fourier Cointegration Analysis
dc.title.alternativeTürkiye Ekonomisinde Döviz Kuru ve Dış Ticaret Dengesi İlişkisi: Fourier Eşbütünleşme Testinden Yeni Bulgular
dc.typeArticle

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