The econometric analysis suggests that the variables considered are not integrated of the same order, implying that there is no long-run relationship among them.The result means that the exchange rate are not effective policy instrument for the terms of trade goals.\r\n
📌 3 Key Takeaways
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Objective & Hypothesis:\r\n The aim of this study is to determine whether there is a longrun relationship between exchange rate changes and the terms of trade (and its components) changes.
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Key Findings & Data:\r\n The aim of this study is to determine whether there is a longrun relationship between exchange rate changes and the terms of trade (and its components) changes.
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Conclusion & Impact:The econometric analysis suggests that the variables considered are not integrated of the same order, implying that there is no long-run relationship among them.The result means that the exchange rate are not effective policy instrument for the terms of trade goals.\r\n
\r\n The aim of this study is to determine whether there is a longrun relationship between exchange rate changes and the terms of trade (and its components) changes. The econometric analysis suggests that the variables considered are not integrated of the same order, implying that there is no long-run relationship among them.The result means that the exchange rate are not effective policy instrument for the terms of trade goals.\r\n
Özet
\r\n Bu makalede, döviz kuru değişiklikleri ile ticaret hadleri ve bileşenleri arasında uzun dönem ilişki olup olmadığı araştırılmıştır. Yapılan ekonometrik analiz sonucu (değişkenler aynı mertebeden bütünleşmediği için), değişkenler arasında uzun dönemli bir ilişki kurulamamıştır. Bunun anlamı, döviz kurunun dış ticaret haddini değiştirmede etkin bir politika olmadığıdır.\r\n
GÜRBÜZ, Y., ÇEKEROL, Y. (2020). Reel döviz kuru ile dış ticaret hattı ve bileşenleri arasındaki uzun dönem ilişkisi. Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 4 Sayı: 2. https://ajindex.com/articles/1024740