İktisat Bölümü
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Browsing İktisat Bölümü by Journal "Ekonomska Istrazivanja-Economic Research"
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Article Citation Count: Yazıcı, M., Islam, M.Q. (2011). Impact of exchange rate and customs uinon on trade balance at commodity level of Turkey with EU (15). Ekonomska Istrazivanja-Economic Research, 24(3), 75-85.Impact of exchange rate and customs uinon on trade balance at commodity level of Turkey with EU (15)(Juraj Dobrila ,University Pula, 2011) Yazıcı, Mehmet; Islam, M. Qamarul; 144084This paper investigates the short-run and long-run impact of exchange rate and customs union on the trade balance at commodity-group level of Turkey with EU (15). Bounds testing approach is employed where a new strategy in the model selection phase is odopted ensuring that optimal model is selected from those models satisfying both diagnostics and cointegration. Results indicate that in the short-run exchange rate matters in determination of trade balance of 13 commodity groups out of 21 and customs union in 8 cases. Pattern of response of trade balance to exchange rate does not suggest a J-curve effect in any of cases. As for the long-run effect, neither exchange rate nor customs union has a statistically significant effect on trade balance of any of commodity groups, suggesting that those significant short-run effects don't last into long-runArticle Citation Count: Yazıcı, M. (2012). Turkish agricultural import and export demand functions: estimates from bounds testing approach. Ekonomska Istrazivanja-Economic Research, 25(4), 1005-1016.Turkish agricultural import and export demand functions: estimates from bounds testing approach(Jurac Dobrila University Pula, 2012) Yazıcı, Mehmet; 144084This paper estimates the import and export demand functions for Turkish Agriculture based on the annual data for 1970-2003. The bounds testing approach to the cointegration and the error correction modeling is employed. We, however, adopt a new strategy in the model selection phase and select the optimal model from those models that satisfy both diagnostics and cointegration, thus, unlike the previous literature, ensuring that a statistically reliable and cointegrated model is picked up. Results indicate that for the import demand, relative price is a significant determinant in both short-run and long-run, nominal effective exchange rate matters only in the long-run, but domestic income is not at all a significant determinant for Turkish agricultural import demand. As for the export demand, while all determinants affect the export demand significantly in the short-run, given the relatively small share of Turkish agricultural exports within the world agricultural exports, none individually matters in the long-run