The Empirical Analysis of Nominal Exchange Rate and Sectoral Output: An Investigation on Turkish Economy
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Tarih
2017
Yazarlar
Dergi Başlığı
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Yayıncı
Eskisehir Osmangazi Univ, Fac Education
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to investigate the relationship between nominal exchange rate and sectoral output in seven sub-sectors of the Turkish economy by using control variables including money supply, public expenditure, oil prices and unemployment rate. Possible relations were tried to be determined by using bound test and ARDL method for the period 1998. Q1-2015Q3. It was concluded that there is a long-run relationship in all sectors excluding construction and accordingly, long-run coefficients and equations were estimated for six sectors. The estimation of long-run coefficients indicates that the rise in the nominal exchange rate affects sectoral output negatively at sectors where imported inputs are high because of the cost effect such as manufacturing industry.
Açıklama
Anahtar Kelimeler
Nominal Exchange Rate, Sectoral Output, Bound Test And Ardl Method, Turkey
Kaynak
Eskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal Of Economics And Administrative Sciences
WoS Q Değeri
Scopus Q Değeri
Cilt
12
Sayı
3
