Theoretical and Applied Economics
No. 10 / 2014 (599)
The validity of Marshall-Lerner condition in Turkey: A cointegration approach
Cumhuriyet University, Sivas, Turkey
Abstract. In recent years, it is discussed that the currency adjustments (devaluations) may frequently have impact on current account deficit associated with the increase in current account deficit. The impact of devaluation on balance of trade depends on the effectiveness of Marshall-Lerner condition. In this study, the validity of Marshall-Lerner condition in Turkey was investigated. According to the results of Johansen cointegration test and error correction model which were obtained by using annual data of 1980-2012 period; some findings were obtained about the validity of Marshall-Lerner condition in the long run.
Contents
How growth-friendly are productive public expenditures? An empirical analysis for Eastern Europe
The validity of Marshall-Lerner condition in Turkey: A cointegration approach
Turn Of the Month Effect and Financial Crisis: A new explanation from the Greek Stock Market (2002-2012)
Econometric model used in the capital market analysis
Economic order, catallactics and entrepreneurship
Public-private partnership in the context of regional development – a solution for renewable energy projects?
Mixed strategy Nash Equilibrium and Quantal Response Equilibrium. An experimental comparison using RPS games