EFFECTS OF EXCHANGE RATES AND OIL PRICES ON TURKISH FOREIGN TRADE
TESAM AKADEMİ, cilt.6, sa.2, ss.103-121, 2019 (TRDizin)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 6 Sayı: 2
- Basım Tarihi: 2019
- Doi Numarası: 10.30626/tesamakademi.613525
- Dergi Adı: TESAM AKADEMİ
- Derginin Tarandığı İndeksler: TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.103-121
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- İstanbul Üniversitesi-Cerrahpaşa Adresli: Hayır
Özet
Exchange rate and oil prices play an important role in a country’s
trade performance. Whether determined by exogenous shocks
or by a policy, the relative valuations of currencies and their
volatility often have important impact on international trade, the
balance of payments and overall economic performance. This study
aims to analyze Turkey’s foreign trade with Euro Area and USA
separately between 2010-2016 time periods. We have estimated
three different regressions. First one is for analyzing the effects
of euro on Turkey-Euro area foreign trade, the second one is for
determining the effects of US dollar on Turkey-USA foreign trade
and the third one is for examining the effects of oil prices on oil
trade between Turkey and Russia. For this study we use the panel
regression techniques. As a result we can conclude that countries
should monitor their exchange rate relative not only to that of their
trading partners but also in relation to that of their competitors.
Keywords: Exchange Rate, Oil