The Relationship between the Real Effective Exchange Rate and Industrial Production in the Turkish Economy
Journal of International Trade, Logistics and Law
; 8(1):198-203, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1918525
ABSTRACT
The industrial sector is one of the key sectors for the Turkish economy in terms of production, employment and exports. The volatility in the exchange rate in the Turkish economy has important effects on industrial production, as well as many economic variables. The main purpose of this study is to empirically analyse the effects of real effective exchange rate on industrial production for the Turkish economy in the 2009M08-2022M01 period. According to the results of the study, the real effective exchange rate adversely affects the industrial production in the Turkish economy. Other things being equal, the depreciation of the domestic currency increases the foreign demand for industrial products, in line with the economic theory. Considering these relations between real effective exchange rate and industrial production while designing economic policies is important for sustainable economic growth.
Law; Industrial Production; Real Effective Exchange Rate; Economic Policies; Cointegration analysis; Economic policy; Manufacturing; Exports; Foreign exchange rates; Employment; Sustainability; Eigen values; Gross Domestic Product--GDP; Econometrics; Coronaviruses; COVID-19; 92611:Administration of General Economic Programs
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Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
Language:
English
Journal:
Journal of International Trade, Logistics and Law
Year:
2022
Document Type:
Article
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