Symmetric and asymmetric relationship between maritime transportation and foreign trade volume

Abstract

In this study, the short and the long-run relationship between maritime transportation and foreign trade volume and also the linear and nonlinear characteristics of this relationship were investigated. Linear relations between maritime transportation and foreign trade volume were analysed by the autoregressive distributed lag (ARDL) model, and nonlinear relations were analysed by the nonlinear autoregressive distributed lag (NARDL) model by using monthly data between 2004 and 2018 in Turkey. According to the results, it was revealed that only the short-run asymmetry and long-run symmetry model was statistically valid and that results should be taken into consideration.