Sectoral exports dynamics of Turkey: Evidence from panel data estimators

Güloğlu, Bülent; Bayar, Güzin

doi:10.1080/09638199.2016.1157886

Cited by 12 publications

(12 citation statements)

References 42 publications

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“…So, the Pakistan needs to maintain or to appreciate the exchange rate because depreciation is expected to decline the exports revenue because of very low elasticity. Further, this estimated outcome is following the findings of Athanasoglou et al [21] and Guloglu and Bayar [16].…”

Section: Empirical Analysessupporting

confidence: 88%

“…The exports’ supply models have been criticized because of ignoring demand side factors. In fact, the isolated demand sided model or supply sided models are biased due to the omitted variable problem [16]. In line of this argument, Funke and Holly [17] claimed that exports’ model is not efficient if ignore either demand or supply sided factors.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In line of this argument, Funke and Holly [17] claimed that exports’ model is not efficient if ignore either demand or supply sided factors. Later on, many studies care the both demand and supply sided variables in the exports’ models [4,16,18,19].…”

Section: Literature Reviewmentioning

confidence: 99%

“…It indicates that Greek chemical products’ exports are mainly driven by relatively lower price in the foreign market. Guloglu and Bayar [16] incorporate both demand and supply factors in gravity equation to find out the determinants of chemical products’ exports of Turkey along with other industries’ analysis. Their findings reveal that trading partner’s income, exchange rate and domestic productivity are found as important determinants of chemical products’ exports.…”

Section: Literature Reviewmentioning

confidence: 99%

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Determinants and efficiency of Pakistan’s chemical products’ exports: An application of stochastic frontier gravity model

et al. 2019

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The estimation of efficiency of industry-specific exports is very important to find exports’ gap and to frame exports promotion policy for targeted industry. This study attempts to investigate the main determinants of chemical products’ exports of Pakistan with 62 trading partners by applying Stochastic Frontier Analysis (SFA) on an augmented gravity model for a period 1995–2015. The results corroborate that chemical products’ exports follow gravity patterns. This study finds a negative and significant impact of import tariff on exports of chemical products while the positive impact of devaluation has been observed. Further, the estimations also take into account the impact of Preferential Trade Agreements (PTA), colonial links, common language, political disputes and contiguity by incorporating dummy variable for each variable and the expected positive effects are found except an insignificant effect of Contiguity. Further, the negative impact of political disputes is observed. The exports’ efficiency analyses reveal that Pakistan’s chemical exports are well below the optimal level and there exists a huge untapped exports’ potential with its neighboring, Middle Eastern and European countries.

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Section: Empirical Analysessupporting

confidence: 88%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Determinants and efficiency of Pakistan’s chemical products’ exports: An application of stochastic frontier gravity model

et al. 2019

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“…The AMG method is an estimation method that considers the existence of unit root issues and cross-sectional dependence in panel-time series data. Ignoring the cross-sectional dependence assumption in panel data estimations may lead to biased, inconsistent, and invalid estimators (Guloglu & Bayar, 2016) and incorrect conclusions (Baltagi & Maasoumi, 2013). Besides, this method is also robust against the problem of second-order bias and structural breaks.…”

Section: Introductionmentioning

confidence: 99%

Real exchange rate undervaluation and Indonesia’s manufacturing exports

Rasbin¹,

Ikhsan

Gitaharies

et al. 2021

Cogent Economics & Finance

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This study analyzes the impact of real exchange rate undervaluation on Indonesia's manufacturing exports in 22 manufacturing industries throughout 1990-2015. The study was undertaken by modifying a partial equilibrium model of monopolistic competition for exporting firms and using the augmented mean group (AMG) method. This study confirms that the real exchange rate, both misalignment and changes in levels (depreciation/appreciation), are insignificant in affecting Indonesia's manufacturing exports. In addition, this study finds that manufactured exports are significantly determined by the manufactured exports in the previous period, real interest rates, real wages, labor productivity, and firm growth. This finding indicates that the exchange rate manipulation policy is not an important factor in strengthening the competitiveness of Indonesia's manufacturing exports. We suggest policies that play more important roles in driving manufacturing exports are creating a competitive and conducive business climate, lowering domestic interest rates, and reforming the labor system.

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Turkey's sectoral exports: A competitiveness approach

Bayar¹

2020

Int. J Fin Econ

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In this study, a sectoral export determination equation of Turkey is estimated using a very detailed panel data of 1,029 sectors in SITC Rev 3 four digit level for the period 1995-2015. In addition to standard export determination variables; the variables showing technology and sophistication level of the export products of Turkey were included among the independent variables; using both some traditional classification measures (Lall (2000), Oxford Development Studies, 2, 100-109) and a new measure developed by Hidalgo et al., (2009), "The Building Blocks of Economic Complexity." Proceedings of the National Academy of Sciences 106(26): 10570-10575. Moreover, also some indicators of competitiveness in world markets were included among independent variables. Method of estimation is augmented mean group, which takes into consideration cross sectional dependencies and parameter heterogeneities. Results of the regression suggest that product quality and design are becoming more important and price competition becomes less important in gaining competitive edge in world markets for Turkey.There is a transition of Turkey's exports towards medium technology products.

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Sectoral exports dynamics of Turkey: Evidence from panel data estimators

Cited by 12 publications

References 42 publications

Determinants and efficiency of Pakistan’s chemical products’ exports: An application of stochastic frontier gravity model

Determinants and efficiency of Pakistan’s chemical products’ exports: An application of stochastic frontier gravity model

Real exchange rate undervaluation and Indonesia’s manufacturing exports

Turkey's sectoral exports: A competitiveness approach

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