Revisiting the role of exchange rate volatility in Turkey’s exports: Evidence from the structural VAR approach
The exchange rate is both an important economic variable when determining a country’s export volume and an indicator of its international competitiveness. This paper re-investigates the impact of real exchange rate volatility on Turkey’s exports using the structural vector autoregression...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2021-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2021/0013-32642131127B.pdf |
| Summary: | The exchange rate is both an important economic variable when determining a
country’s export volume and an indicator of its international
competitiveness. This paper re-investigates the impact of real exchange rate
volatility on Turkey’s exports using the structural vector autoregression
method and monthly data from 2003:01 to 2019:12. Empirical evidence shows
that real exchange rate and exchange rate volatility do not affect exports in
Turkey. On the other hand, external income has had a slight effect on
Turkey’s exports in the post-global-crisis period. The findings show that
other factors which effect macroeconomic indicators in the Turkish economy
should also be considered. |
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| ISSN: | 0013-3264 1820-7375 |