Economic Change and Restructuring

, Volume 49, Issue 1, pp 1–21 | Cite as

Exchange rate volatility and Turkish commodity trade with the rest of the world

  • Mohsen Bahmani-OskooeeEmail author
  • Nazif Durmaz


Since advent of the current float, like many other currencies the Turkish lira has followed a volatile path. Several previous studies have assessed the impact of this volatility on Turkish exports and imports using aggregate trade flows of Turkey. Not much significant effects are found. In this paper, we use disaggregated Turkish imports and exports of 61 industries that trade with the rest of the world and find that exchange rate volatility has short-run significant impact on the imports of 39 industries and exports of 23 industries. The short-run effects last into the long run in almost half of the industries.


Exchange rate volatility Industry data Turkey Bounds testing 

JEL Classification



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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Department of Economics, The Center for Research on International EconomicsUniversity of Wisconsin-MilwaukeeMilwaukeeUSA
  2. 2.School of Business AdministrationUniversity of Huston-VictoriaSugar LandUSA

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