BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE

A large body of the literature use aggregate data to investigate the validity of the J-curve hypothesis. Recent studies, however, address to the importance of disaggregated data in order to prevent from aggregation bias. In the case of Turkey where foreign trade volume is largely dominated by the Eu...

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Main Authors: Furkan Emirmahmutoglu, Mert Topcu, Salih Özdemir
Format: Article
Language:English
Published: Mehmet Akif Ersoy University 2022-07-01
Series:Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
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Online Access:https://dergipark.org.tr/en/download/article-file/2348561
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author Furkan Emirmahmutoglu
Mert Topcu
Salih Özdemir
author_facet Furkan Emirmahmutoglu
Mert Topcu
Salih Özdemir
author_sort Furkan Emirmahmutoglu
collection DOAJ
description A large body of the literature use aggregate data to investigate the validity of the J-curve hypothesis. Recent studies, however, address to the importance of disaggregated data in order to prevent from aggregation bias. In the case of Turkey where foreign trade volume is largely dominated by the Eurozone countries, one set of studies examines the J-curve phenomenon using total trade data while a second set of studies investigates the validity of the bilateral J-curve within a time-series framework. This study intends to investigate the validity of the bilateral J-curve between Turkey and the Eurozone over the period 2002:Q1-2019:Q4 within a dynamic panel data framework robust to heterogeneity and cross-section dependence. Results obtained from the Dynamic Common Correlated Effects estimator reveal that the J-Curve hypothesis does not hold given the short-run results.
format Article
id doaj-art-b4c28af5f13349a98255697be4865418
institution Kabale University
issn 2149-1658
language English
publishDate 2022-07-01
publisher Mehmet Akif Ersoy University
record_format Article
series Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
spelling doaj-art-b4c28af5f13349a98255697be48654182025-01-27T14:02:41ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582022-07-01921420143210.30798/makuiibf.1097414273BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONEFurkan Emirmahmutoglu0https://orcid.org/0000-0001-7358-3567Mert Topcu1https://orcid.org/0000-0001-8236-9810Salih Özdemir2https://orcid.org/0000-0002-9583-4379ANKARA HACI BAYRAM VELİ ÜNİVERSİTESİALANYA ALAADDİN KEYKUBAT ÜNİVERSİTESİKayseri UniversityA large body of the literature use aggregate data to investigate the validity of the J-curve hypothesis. Recent studies, however, address to the importance of disaggregated data in order to prevent from aggregation bias. In the case of Turkey where foreign trade volume is largely dominated by the Eurozone countries, one set of studies examines the J-curve phenomenon using total trade data while a second set of studies investigates the validity of the bilateral J-curve within a time-series framework. This study intends to investigate the validity of the bilateral J-curve between Turkey and the Eurozone over the period 2002:Q1-2019:Q4 within a dynamic panel data framework robust to heterogeneity and cross-section dependence. Results obtained from the Dynamic Common Correlated Effects estimator reveal that the J-Curve hypothesis does not hold given the short-run results.https://dergipark.org.tr/en/download/article-file/2348561j-eğrisii̇kili ticaretpanel veriavro bölgesij-curvebilateral tradepanel dataeurozone
spellingShingle Furkan Emirmahmutoglu
Mert Topcu
Salih Özdemir
BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
j-eğrisi
i̇kili ticaret
panel veri
avro bölgesi
j-curve
bilateral trade
panel data
eurozone
title BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
title_full BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
title_fullStr BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
title_full_unstemmed BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
title_short BILATERAL J-CURVE BETWEEN TURKEY AND THE EUROZONE
title_sort bilateral j curve between turkey and the eurozone
topic j-eğrisi
i̇kili ticaret
panel veri
avro bölgesi
j-curve
bilateral trade
panel data
eurozone
url https://dergipark.org.tr/en/download/article-file/2348561
work_keys_str_mv AT furkanemirmahmutoglu bilateraljcurvebetweenturkeyandtheeurozone
AT merttopcu bilateraljcurvebetweenturkeyandtheeurozone
AT salihozdemir bilateraljcurvebetweenturkeyandtheeurozone