Abstract
PurposeThe purpose of this paper is to study empirically the dynamics of Turkish bilateral trade between Turkey and her nine trading partners, in addition to aggregate trade balance data.Design/methodology/approachThe paper employs cointegration, generalized impulse response analysis, and stability tests.FindingsThe empirical results suggest non‐existence of the J‐curve effect at disaggregate and aggregate levels. However, Marshall‐Lerner condition holds for the aggregate data along with some of the trading partners. With regard to the stability of trade balance equations, the findings are mixed.Practical implicationsConclusions drawn from this study could be useful for the policy makers of governments and practitioners in international trade organizations.Originality/valueThis paper extends the existing literature by providing initial evidence at disaggregate data in the case of Turkey. Moreover, for the first time disaggregate and aggregate data are utilized in the same analysis.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
