Real exchange rate and trade balance in Turkey: Evidence from heterogeneous panel data

Kaya, Ahmet Ihsan

doi:10.2298/pan161208007k

Cited by 2 publications

(2 citation statements)

References 32 publications

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“…For the majority of the countries, the real exchange rate depreciation was found to improve the trade balance in the long-run. Kaya (2020) examined the bilateral trade balance between Turkey and its 25 main trade partners. The results showed that the real exchange rate depreciation leads to an improvement in the trade balance.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU): Evidence from heterogeneous panel analysis

Keho

2021

Cogent Economics & Finance

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This study investigates the determinants of the trade balance in West African and Monetary Union (WAEMU) over the period 1975-2017. We employ the Mean Group (MG) estimator along with the grouped mean version of Dynamic OLS (DOLS) and Fully Modified OLS (FMOLS) to deal with both endogeneity and crosscountry heterogeneity. The results reveal that the trade balance is negatively related to domestic and foreign income whereas real effective exchange rate depreciation improves the trade balance in the long-run. However, the results do not confirm the short-run worsening of trade balance suggested by the J-curve. In the short-run, the trade balance is sensitive only to foreign real income but not to domestic income and real exchange rate. The country-level estimates show heterogeneity in the response of the trade balance to real exchange rate, domestic and foreign income. Overall, the findings of this study suggest that policies aimed at improving the trade balance should focus on the domestic production of imported goods, rather than devaluation.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU): Evidence from heterogeneous panel analysis

Keho

2021

Cogent Economics & Finance

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“…3) The panel coefficient as the average of coefficients' estimations from the previous equation (Kaya, 2021):…”

Section: Constantmentioning

confidence: 99%

The impact of greenhouse gas emissions and economic growth on health expenditure of EU countries: A panel data analysis

Dritsaki,

Argyriou

et al. 2024

J. Infras. Policy. Dev.

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The increase in energy consumption is closely linked to environmental pollution. Healthcare spending has increased significantly in recent years in all countries, especially after the pandemic. The link between healthcare spending, greenhouse gas emissions and gross domestic product has led many researchers to use modelling techniques to assess this relationship. For this purpose, this paper analyzes the relationship between per capita healthcare expenditure, per capita gross domestic product and per capita greenhouse gas emissions in the 27 EU countries for the period 2000 to 2020 using Error Correction Westerlund, and Westerlund and Edgerton Lagrange Multiplier (LM) bootstrap panel cointegration test. The estimation of model coefficients was carried out using the Augmented Mean Group (AMG) method adopted by Eberhardt and Teal, when there is heterogeneity and cross-sectional dependence in cross-sectional units. In addition, Dumitrescu and Hurlin test has been used to detect causality. The findings of the study showed that in the long run, per capita emissions of greenhouse gases have a negative effect on per capita health expenditure, except from the case of Greece, Lithuania, Luxembourg and Latvia. On the other hand, long-term individual co-integration factors of GDP per capita have a positively strong impact on health expenditure per capita in all EU countries. Finally, Dumitrescu and Urlin’s causality results reveal a significant one-way causality relationship from GDP per capita and CO2 emissions per capita to healthcare expenditure per capita for all EU countries.

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Real exchange rate and trade balance in Turkey: Evidence from heterogeneous panel data

Cited by 2 publications

References 32 publications

Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU): Evidence from heterogeneous panel analysis

Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU): Evidence from heterogeneous panel analysis

The impact of greenhouse gas emissions and economic growth on health expenditure of EU countries: A panel data analysis

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