The Impact of Exchange Rate Variability on Agricultural Exports of Developing Countries The Case of Turkey

This paper examines the impact of exchange rate and its volatility on the Turkish agricultural exports in the framework of error-correction model. The error correction model results indicate that except a few countries, the exchange rate and its variability do not have significant impact on Turkish...

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Bibliographic Details
Published inJournal of international food & agribusiness marketing Vol. 13; no. 1; pp. 83 - 105
Main Authors Buguk, Cumhur, Isik, Murat, Dellal, Ilkay, Allen, Albert
Format Journal Article
LanguageEnglish
Published Taylor & Francis Group 06.01.2003
Subjects
cointegration
Dried fig
ECM
grape
tobacco
Turkey
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Summary:This paper examines the impact of exchange rate and its volatility on the Turkish agricultural exports in the framework of error-correction model. The error correction model results indicate that except a few countries, the exchange rate and its variability do not have significant impact on Turkish exports of dried figs, grapes and tobacco. Thus, policies designed to increase the export level of Turkish agricultural products by incorporating weak Turkish lira against other currencies are not likely to be effective. The policy makers, therefore, should take into account the ineffectiveness of exchange rate on stimulating agricultural exports in their new policy designs.
ISSN:0897-4438
1528-6983
DOI:10.1300/J047v13n01_06