Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model
Export is a key driver of economic growth in emerging market economies, hence, studying the factors that influence export performance is a crucial and important phenomenon. With the use of a panel quantile regression model and annual data, we evaluate the fundamental variables affecting exports in t...
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Istanbul University Press
2023-06-01
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| Series: | İstanbul İktisat Dergisi |
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| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/CB31822349984FD78EADC02FEA1C4ACD |
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| author | Erdem Bulut Zaim Reha Yaşar |
| author_facet | Erdem Bulut Zaim Reha Yaşar |
| author_sort | Erdem Bulut |
| collection | DOAJ |
| description | Export is a key driver of economic growth in emerging market economies, hence, studying the factors that influence export performance is a crucial and important phenomenon. With the use of a panel quantile regression model and annual data, we evaluate the fundamental variables affecting exports in the Brazil, Russia, India, China, and South Africa (BRICS countries), as well as Turkey, Egypt, Indonesia, and Colombia, between 1980 and 2020. Export is the model’s dependent variable, while the nominal exchange rate, foreign direct investments, inflation rate, and the economic growth rate based on Kaldor’s growth model are its independent variables. According to the findings, the nominal exchange rate has a positive impact on export at various export levels. Therefore, at both low and high levels of export, exchange rate has a greater impact on export. On the other hand, export at the lowest levels is positively impacted by economic growth and foreign direct investments. The impact of economic growth and foreign direct investments on export, however, are insignificant as export volume rises. Finally, even if there is a positive correlation between inflation and export when the export volume is high, there is no significant relationship when exports start to increase. The findings demonstrate that macroeconomic factors significantly affect export in emerging market economies. |
| format | Article |
| id | doaj-art-111aadf87c0e45b7a6d656cb88a1186e |
| institution | DOAJ |
| issn | 2602-3954 |
| language | English |
| publishDate | 2023-06-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | İstanbul İktisat Dergisi |
| spelling | doaj-art-111aadf87c0e45b7a6d656cb88a1186e2025-08-20T03:09:31ZengIstanbul University Pressİstanbul İktisat Dergisi2602-39542023-06-0173145347210.26650/ISTJECON2022-1213878123456Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression ModelErdem Bulut0https://orcid.org/0000-0001-6383-2849Zaim Reha Yaşar1https://orcid.org/0000-0001-7466-6137OSTIM Technical University, Ankara, TurkiyeKırıkkale Üniversitesi, Kirikkale, TurkiyeExport is a key driver of economic growth in emerging market economies, hence, studying the factors that influence export performance is a crucial and important phenomenon. With the use of a panel quantile regression model and annual data, we evaluate the fundamental variables affecting exports in the Brazil, Russia, India, China, and South Africa (BRICS countries), as well as Turkey, Egypt, Indonesia, and Colombia, between 1980 and 2020. Export is the model’s dependent variable, while the nominal exchange rate, foreign direct investments, inflation rate, and the economic growth rate based on Kaldor’s growth model are its independent variables. According to the findings, the nominal exchange rate has a positive impact on export at various export levels. Therefore, at both low and high levels of export, exchange rate has a greater impact on export. On the other hand, export at the lowest levels is positively impacted by economic growth and foreign direct investments. The impact of economic growth and foreign direct investments on export, however, are insignificant as export volume rises. Finally, even if there is a positive correlation between inflation and export when the export volume is high, there is no significant relationship when exports start to increase. The findings demonstrate that macroeconomic factors significantly affect export in emerging market economies.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/CB31822349984FD78EADC02FEA1C4ACDexport performanceemerging market economiespanel quantile regression model |
| spellingShingle | Erdem Bulut Zaim Reha Yaşar Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model İstanbul İktisat Dergisi export performance emerging market economies panel quantile regression model |
| title | Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model |
| title_full | Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model |
| title_fullStr | Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model |
| title_full_unstemmed | Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model |
| title_short | Determinants of Export Performance in Emerging Market Economies: New Evidence from a Panel Quantile Regression Model |
| title_sort | determinants of export performance in emerging market economies new evidence from a panel quantile regression model |
| topic | export performance emerging market economies panel quantile regression model |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/CB31822349984FD78EADC02FEA1C4ACD |
| work_keys_str_mv | AT erdembulut determinantsofexportperformanceinemergingmarketeconomiesnewevidencefromapanelquantileregressionmodel AT zaimrehayasar determinantsofexportperformanceinemergingmarketeconomiesnewevidencefromapanelquantileregressionmodel |