Korap, Levent (2011): An empirical model for the Turkish trade balance: new evidence from ARDL bounds testing analyses. Published in: İstanbul University Department of Economics Econometrics and Statistics eJournal , Vol. 14, (2011): pp. 3861.

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Abstract
In this paper, the determinants of the Turkish trade balance are tried to be analyzed in an empirical modelling approach. For this purpose, the contemporaneous ARDLbased bounds testing has been used to examine the existence of a long run cointegration relationship between the variables of our interest. The estimation results indicate that real exchange rate depreciations improves the trade balance in a strong and significant way, that domestic real income affects the trade balance negatively, and that trade balance is strongly improved due to an increase in foreign real income. No significant effect of crude oil prices can be observed on trade balance. The error correction modeling gives results in line with the long run findings of the cointegration analysis.
Item Type:  MPRA Paper 

Original Title:  An empirical model for the Turkish trade balance: new evidence from ARDL bounds testing analyses 
English Title:  An empirical model for the Turkish trade balance: new evidence from ARDL bounds testing analyses 
Language:  English 
Keywords:  Trade Balance; ARDL Bounds Testing Approach; Turkish Economy; 
Subjects:  C  Mathematical and Quantitative Methods > C3  Multiple or Simultaneous Equation Models ; Multiple Variables > C32  TimeSeries Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models F  International Economics > F1  Trade > F10  General F  International Economics > F4  Macroeconomic Aspects of International Trade and Finance > F41  Open Economy Macroeconomics 
Item ID:  32550 
Depositing User:  Levent Korap 
Date Deposited:  03. Aug 2011 17:16 
Last Modified:  15. May 2015 14:12 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/32550 