EconStor >
Kavala Institute of Technology, Greece >
International Journal of Economic Sciences and Applied Research (IJESAR) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/66584
  
Title:An investigation on the shuttle trade dynamics of a small-open-economy PDF Logo
Authors:Sahin, Afsin
Akdi, Yilmaz
Atakan, Cemal
Issue Date:2008
Citation:[Journal:] International Journal of Economic Sciences and Applied Research [ISSN:] 1791-3373 [Volume:] 1 [Year:] 2008 [Issue:] 2 [Pages:] 1-12
Abstract:In this article we have tried to assess the possible relationships between shuttle trade and the expletory variables and the expletory variables, export (f.o.b.), import (c.i.f.) and CPI based real effective US dollar exchange rate. We employed monthly data of Turkey covering the years from 1996:01 to 2006:12 and forecasted the parameters by Ordinary Least Square (OLS) estimation method. In order to find out whether there is a linear relationship among these series; we have checked each series whether are integrated at the same order or not. According to the ADF unit root test results, we have found that all the variables are integrated of order one, I(1), but shuttle trade. Besides we detected a case of multicollinearity among some of the expletory variables. Therefore we used first order autoregression model of shuttle trade. We have derived that, previous month's shuttle trade have positive impacts on the current level shuttle trade. We also used the same specification to indicate that the shuttle trade value increases in the months of fall and decreases in months of summer.
Subjects:international macroeconomics
shuttle trade
ordinary least square
JEL:F41
E26
C22
Document Type:Article
Appears in Collections:International Journal of Economic Sciences and Applied Research (IJESAR)

Files in This Item:
File Description SizeFormat
658945459.pdf154.47 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/66584

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.