The validity of Marshall-Lerner condition in Turkey: A cointegration approach
In recent years, it is discussed that the currency adjustments (devaluations) may frequently have impact on current account deficit associated with the increase in current account deficit. The impact of devaluation on balance of trade depends on the effectiveness of Marshall-Lerner condition. In thi...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2014-10-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1025.pdf
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| _version_ | 1811297218258272256 |
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| author | Hakan TÜRKAY |
| author_facet | Hakan TÜRKAY |
| author_sort | Hakan TÜRKAY |
| collection | DOAJ |
| description | In recent years, it is discussed that the currency adjustments
(devaluations) may frequently have impact on current account deficit associated
with the increase in current account deficit. The impact of devaluation on balance
of trade depends on the effectiveness of Marshall-Lerner condition. In this study,
the validity of Marshall-Lerner condition in Turkey was investigated. According to
the results of Johansen cointegration test and error correction model which were
obtained by using annual data of 1980-2012 period; some findings were obtained
about the validity of Marshall-Lerner condition in the long run. |
| first_indexed | 2024-04-13T06:00:57Z |
| format | Article |
| id | doaj.art-d12cdb2cad3f400a8a5b32919f6f053f |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-04-13T06:00:57Z |
| publishDate | 2014-10-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-d12cdb2cad3f400a8a5b32919f6f053f2022-12-22T02:59:27ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292014-10-01XXI10213218418678The validity of Marshall-Lerner condition in Turkey: A cointegration approachHakan TÜRKAY0 Cumhuriyet University, Sivas, Turkey In recent years, it is discussed that the currency adjustments (devaluations) may frequently have impact on current account deficit associated with the increase in current account deficit. The impact of devaluation on balance of trade depends on the effectiveness of Marshall-Lerner condition. In this study, the validity of Marshall-Lerner condition in Turkey was investigated. According to the results of Johansen cointegration test and error correction model which were obtained by using annual data of 1980-2012 period; some findings were obtained about the validity of Marshall-Lerner condition in the long run. http://store.ectap.ro/articole/1025.pdf Marshall-Lerner ConditionCurrent Account DeficitCointegrationError Correction Model |
| spellingShingle | Hakan TÜRKAY The validity of Marshall-Lerner condition in Turkey: A cointegration approach Theoretical and Applied Economics Marshall-Lerner Condition Current Account Deficit Cointegration Error Correction Model |
| title | The validity of Marshall-Lerner condition in Turkey: A cointegration approach |
| title_full | The validity of Marshall-Lerner condition in Turkey: A cointegration approach |
| title_fullStr | The validity of Marshall-Lerner condition in Turkey: A cointegration approach |
| title_full_unstemmed | The validity of Marshall-Lerner condition in Turkey: A cointegration approach |
| title_short | The validity of Marshall-Lerner condition in Turkey: A cointegration approach |
| title_sort | validity of marshall lerner condition in turkey a cointegration approach |
| topic | Marshall-Lerner Condition Current Account Deficit Cointegration Error Correction Model |
| url |
http://store.ectap.ro/articole/1025.pdf
|
| work_keys_str_mv | AT hakanturkay thevalidityofmarshalllernerconditioninturkeyacointegrationapproach AT hakanturkay validityofmarshalllernerconditioninturkeyacointegrationapproach |