Uz Akdogan, I;
(2010)
Bilateral Trade Elasticities of Turkey.
International Journal of Applied Economics
, 7
(1)
pp. 28-46.
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Abstract
This paper investigates the long-run bilateral trade elasticities of Turkey and its major trading countries. In the long run, Turkish bilateral trade is inelastic (with varying sign). Thus, the devaluation or revaluation of the Turkish Lira should be expected to have only a limited impact on Turkey’s trade balance. On the other hand, Turkish trade is income elastic in the long run but income inelastic in the short run. Nevertheless, the Marshall-Lerner condition is satisfied only for Canada, South Korea and the US. Furthermore, switching to the euro has reduced Turkish imports from the EU members and emerging market crises tend to increase Turkish imports.
| Type: | Article |
|---|---|
| Title: | Bilateral Trade Elasticities of Turkey |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www2.southeastern.edu/orgs/ijae/index_file... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Bilateral income elasticity, bilateral price elasticity, Marshall-Lerner condition, cointegration |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10086709 |
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