Foreign trade hysteresis: An empirical essay Turkish case

Koray Yıldırım; Neşe Algan; Harun Bal

Makale detayları

Foreign trade hysteresis: An empirical essay Turkish case

Yazarlar:

Koray Yıldırım | Neşe Algan | Harun Bal

Yayıncı:

Ege University

Ana Başlıklar:

İktisat Teorisi | Sanayi Ekonomisi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 1, pp.73-88

Belge Tipi:

Makale

Yayın Tarihi:

4/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001339201

pISSN:

1303-099X

Anahtar kelimeler:

Özet:

 The permanent effects of temporary shocks in exchange rates on foreign trade flows are defined as hysteresis. In this study, hysteresis is analyzed on the basis of exchange rate and import relationship. Empirical findings point to the validity of hysteresis in the Turkish economy. Sunk costs are the main dynamics of hysteresis in the Turkish economy. As a matter of fact, hysteresis effects caused by sunk costs are determinant in the sustainability of the current account deficit.

 The permanent effects of temporary shocks in exchange rates on foreign trade flows are defined as hysteresis. In this study, hysteresis is analyzed on the basis of exchange rate and import relationship. Empirical findings point to the validity of hysteresis in the Turkish economy. Sunk costs are the main dynamics of hysteresis in the Turkish economy. As a matter of fact, hysteresis effects caused by sunk costs are determinant in the sustainability of the current account deficit.

 The permanent effects of temporary shocks in exchange rates on foreign trade flows are defined as hysteresis. In this study, hysteresis is analyzed on the basis of exchange rate and import relationship. Empirical findings point to the validity of hysteresis in the Turkish economy. Sunk costs are the main dynamics of hysteresis in the Turkish economy. As a matter of fact, hysteresis effects caused by sunk costs are determinant in the sustainability of the current account deficit.

 The permanent effects of temporary shocks in exchange rates on foreign trade flows are defined as hysteresis. In this study, hysteresis is analyzed on the basis of exchange rate and import relationship. Empirical findings point to the validity of hysteresis in the Turkish economy. Sunk costs are the main dynamics of hysteresis in the Turkish economy. As a matter of fact, hysteresis effects caused by sunk costs are determinant in the sustainability of the current account deficit.

Makale detayları

Foreign trade hysteresis: An empirical essay Turkish case

Yazarlar:

Koray Yıldırım | Neşe Algan | Harun Bal

Yayıncı:

Ege University

Ana Başlıklar:

İktisat Teorisi | Sanayi Ekonomisi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 1, pp.73-88

Belge Tipi:

Makale

Yayın Tarihi:

4/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001339201

pISSN:

1303-099X

Hysteresis

Foreign Trade

Sunk Cost

Imports

Asymmetry Hypothesis

Sayı

Makale detayları

Foreign trade hysteresis: An empirical essay Turkish case

Yazarlar: Koray Yıldırım | Neşe Algan | Harun Bal

Yayıncı: Ege University

Ana Başlıklar: İktisat Teorisi | Sanayi Ekonomisi

Dergi: Ege Akademik Bakış Dergisi Vol.25 Issue 1, pp.73-88

Belge Tipi: Makale

Yayın Tarihi: 4/2025

Belge Dili: İngilizce

Document ID (Org No.): 2001339201

pISSN: 1303-099X

Hysteresis

Foreign Trade

Sunk Cost

Imports

Asymmetry Hypothesis

Sayı

Yazarlar:

Koray Yıldırım | Neşe Algan | Harun Bal

Yayıncı:

Ege University

Ana Başlıklar:

İktisat Teorisi | Sanayi Ekonomisi

Dergi:

Ege Akademik Bakış Dergisi Vol.25 Issue 1, pp.73-88

Belge Tipi:

Makale

Yayın Tarihi:

4/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001339201

pISSN:

1303-099X