Dergiler / Ege Akademik Bakış Dergisi / 2023 / Cilt: 23 Sayı: 3

Effects of Geopolitical Risks on Countries’ Trade Flows: A Nonlinear ARDL Analysis

Sayfa
519–530
Yayın Tarihi
2023-07-24
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Increases in the world income increased exports of all countries, whereas increases in the countries’ own national income increased imports in Turkey, Mexico, South Korea, Russia, India, Brazil, Argentina, and Israel.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:In this study, the effects of geopolitical risks (GPR) on countries’ trade flows are examined with the nonlinear ARDL method by using the data of 11 countries for 1993M01 – 2021M08 periods.
📊
Temel Bulgular & Veri:Negative GPR shocks increased exports in Russia, China, South Africa, Argentina, and Israel, whereas they increased imports in Mexico, China, and Argentina.
💡
Sonuç & Katkı:Increases in the world income increased exports of all countries, whereas increases in the countries’ own national income increased imports in Turkey, Mexico, South Korea, Russia, India, Brazil, Argentina, and Israel.
🔬Tür:Araştırma Makalesi
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Geopolitical risk index · trade flows · nonlinear ARDL

Abstract

In this study, the effects of geopolitical risks (GPR) on countries’ trade flows are examined with the nonlinear ARDL method by using the data of 11 countries for 1993M01 – 2021M08 periods. According to the findings, positive GPR shocks reduced exports in Turkey, Russia, China, South Africa, Argentina, and Israel, whereas they reduced imports in Turkey, Russia, South Africa, and Israel. Negative GPR shocks increased exports in Russia, China, South Africa, Argentina, and Israel, whereas they increased imports in Mexico, China, and Argentina. It was determined that the effects of GPR on exports are symmetrical in Turkey, Russia, South Africa, Argentina, and Israel, whereas they are asymmetrical in Mexico, South Korea, India, Brazil, China, and Indonesia. Moreover, we find that the effects of geopolitical risks on imports are symmetrical in all countries. Increases in the REER decreased exports in Turkey, Mexico, India, China, Indonesia, South Africa, Argentina, and Israel, whereas they increased imports in Turkey, South Korea, Russia, Brazil, and Indonesia and decreased imports in Argentina and Israel. Increases in the world income increased exports of all countries, whereas increases in the countries’ own national income increased imports in Turkey, Mexico, South Korea, Russia, India, Brazil, Argentina, and Israel.

🔖

Bu Makaleye Atıf Yap

ÖZÇELİK, O. (2023). Effects of Geopolitical Risks on Countries’ Trade Flows: A Nonlinear ARDL Analysis. Ege Akademik Bakış Dergisi, Cilt: 23 Sayı: 3, 519–530. https://ajindex.com/articles/957277

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (1)

  1. Referans1 Bahmani-Oskooee, M. and Arize, A.C. (2019). On the asymmetric effects of exchange rate volatility on trade flows: Evidence from Africa. Emerging Markets Finance and Trade, 56(4): 913-939. Referans2 Baker, S., Bloom, N. and Davis, S.J. (2016). Measuring economic policy uncertainty. Quarterly Journal of Economics, 131(4): 1593-1636. Referans3 Balcilar, M., Bonato, M., Demirer, R. and Gupta, R. (2018). Geopolitical risks and stock market dynamics of the BRICS. Economic Systems, 42(2): 295-306. Referans4 Banerjee A, Dolado, J. and Mestre, R. (1998). Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis, 19(3): 267–283. Referans5 Bouoiyour, J., Selmi, R., Hammoudeh, S. and Wohar, M.E. (2019). What are the categories of geopolitical risks that could drive oil prices higher? Acts or threats? Energy Economics, 84: 1-14. Referans6 Bruegel (2021). Real effective exchange rates for 178 Countries: A new database. Retrieved from “https://www.bruegel.org/publications/datasets/real-effective-exchange-rates-for-178-countries-a-new-database/” on 29 Sept. 2021. Referans7 Business Wire (2017). Wells Fargo/Gallup survey: Geopolitical risks greater threat to investments than the economy, investors say. Retrieved from https://www.businesswire.com/news/home/20170613005348/en/ on 06 Oct. 2021. Referans8 Buzdagli, O. and Ozdemir, D. (2021). The effect of geopolitical risk index on military expenditures. Süleyman Demirel University Visionary Journal, 12(29): 188-203. Referans9 Caldara, D. and Iacoviello, M. (2017). Measuring geopolitical risk. Working Paper, Board of Governors of the Federal Reserve Board. Retrieved from “https://www.matteoiacoviello. com/gpr_files/GPR_PAPER.pdf ” on 28 Sept. 2021. Referans10 Carroll, C. (1996). Buffer-stock saving and the life cycle/permanent ıncome hypothesis. NBER Working Paper, No. 5788. Referans11 Davis, J.S., Mack, A., Phoa, W. and Vandenabeele, A. (2016). Credit booms, banking crises, and the current account. Journal of International Money and Finance, 60(1): 360–377. Referabs12 Dickey, D.A. and Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74: 427–431. Referans13 Dickey, D.A. and Fuller, W.A. (1981). Distribution of the estimators for autoregressive time series with a unit root. Econometrica, 49: 1057-72. Referans14 Elsayed, A.H. and Helmi, M.H. (2019). The Impact of g