This study examines the asymmetric effects of third-country exchange rate volatility on Turkish-German commodity trade. We analyzed annual time-series data spanning 1980-2022 for 79 (93) Turkish export (import) industries. The ARDL model found that volatility, using lira-dollar, had a significant short-term symmetric effect 59 (67) NARDL short-run trade volumes in more than half and import Howe...

A better understanding of the effect openness on volatility can lead to more effective government policy that addresses adverse outcomes volatility. By using NARDL model, Hodrick-Prescott (HP) filter, and annual time-series data from period 1981 2020, this study examined output in Ethiopia. From bound test, research find a long-run cointegration between volatility, agricultural output, trade op...

Nakit akışına bağlı olmayan faktörlerin ülkelerin finansal piyasalarının entegrasyonu üzerindeki etkileri literatürde en çok ilgi gören konulardan biridir. Son yüzyılın büyük salgını olan COVID-19’un finans piyasalarına ise sıcak tartışmaların odak noktası halindedir. Bu çalışmanın amacı, yatırımcıların zamanla değişen riskten kaçınma düzeylerindeki değişimin Amerika Birleşik Devletleri ve BRIC...

Çalışma, elektrik tüketiminin ekonomik büyüme üzerindeki asimetrik etkisini değerlendirmeyi amaçlamaktadır. Bu bağlamda, Türkiye ekonomisinin 2005-2020 dönemi verileri çalışma kapsamına dahil edilmiştir. Ekonometrik analizde, çeyreklik veriler yardımıyla iki farklı yöntem uygulanmıştır. Analizin tahmin gücünü arttırmak amacıyla sanayi üretim endeksinin bağımsız değişken olarak kullanıldığı ve b...

The paper features an examination of the link between behaviour FTSE 100 and S&P500 Indexes in both autoregressive distributed lag ARDL, plus a nonlinear NARDL framework. attraction is that it represents simplest method available modelling combined short- long-run asymmetries. bounds testing framework adopted means can be applied to stationary non-stationary time series vectors, or combinat...

This paper analyzes the nexus between energy consumption, financial development, and economic growth in twenty-one (21) sub-Saharan African (SSA) nations by using nonlinear autoregressive distributed lag (NARDL) framework from 1990Q1 to 2014Q4. First, study reveals that consumption development have asymmetrical impacts on most countries short long term. Second, positive shocks favor only a few ...

Tourism is one of the most important sectors Indonesian economy because it mainstay in obtaining foreign exchange, which expected to increase economic growth. However, along with its positive impact on growth, expansion tourism industry also a significant contribution rising CO2 emissions and energy consumption. This study focuses assessing sector as proxied by number international tourist visi...