The Effects of Foreign Exchange Rate Movements on Domestic Prices in the Turkish Manufacturing Industry
DOI:
https://doi.org/10.18381/eq.v1i1.185Abstract
Este trabajo examina la sensibilidad de los precios domésticos en la industria manufacturera de Turquía a las fluctuaciones en los tipos de cambio. En nuestro modelo teórico, las empresas domésticas y foráneas producen bienes sustitutos para el mercado doméstico. Se asume que algunas funciones del mercado de insumos de las empresas domésticas son importadas. Los resultados muestran que la sensibilidad de los precios domésticos a movimientos en los tipos de cambio está altamente relacionada a la proporción de insumos importados para la producción doméstica. Sin embargo, respecto a los efectos de la estructura de mercado sobre la respuesta de los precios domésticos a variaciones en el tipo de cambio, nuestros resultados no son concluyentes.Downloads
References
Athukorala, P., and J. Menon (1995) “Exchange Rates and Strategic Pricing: The Case of Swedish Machinery Exports”, Oxford Bulletin of Economics and Statistics Vol. 57, No. 4, pp. 533-546.
Baltagi, B. H. (1995) Econometric Analysis of Panel Data, John Wiley and Sons, Chichester.
Claassen, E. (1997) Global Monetary Economics, Oxford University Press Oxford.
Dornbuch, R. (1987) “Exchange Rate and Prices”, American Economic Review No. 77, pp. 93-106.
Feenstra, R. (1989) “Symmetric Pass-Through of tariffs and Exchange Rates under Imperfect Competition: An Empirical Test”, Journal of International Economics No. 27, pp. 25-45.
Feinberg, R. (1991) “The Choice of Exchange-Rate Index and Domestic Price Pass-through”, Journal of Industrial Economics Vol. 39, No. 4, pp. 409-420.
—— (1989) “The Effects of Foreign Exchange Movements on US Domestic Prices”, Review of Economics and Statistics No. 71, pp. 505-511.
—— (1986) “The Interaction of Foreign Exchange and Market Power Effects on German Domestic Prices”, Journal of Industrial Economics Vol. 35, No. 1, pp. 61-70.
Green, W. H. (1993), Econometric Analysis, MacMillan Publishing Com., New York.
Goldberg, P. K., and M. M. Knetter (1997) “Good Prices and Exchange Rates: What have we learned?”, Journal of Economic Literature No. 35, pp. 1243-1272.
Günçavdı, Ö., and B. Z. Orbay (2002) “Exchange Rate, Domestic Market Structure and Price Cost Margins: Evidence from a Developing Country”, Applied Economics No. 34, pp. 783-789.
—— (1998) “Exchange Rate, Domestic Market Structure and Foreign Trade: The Case of Turkey”, a paper presented at the Econometric Society North American Meeting, Canada.
Günçavdı, Ö.; H. Levent, and B. Ülengin (2000) “A Comparison of Alternative Models of Inflation to Forecast High and Volatile Inflation. The Case of Turkey”, METU Studies in Development Vol. 27, No. 1-2, pp. 149-171 (in Turkish).
Hsiao, C. (1986) Analysis of Panel Data, Col. Econometric Society Monographs No. 11, Cambridge University Press, New York.
Lee, J. (1997) “The Response of Exchange Rate Pass-through to Market Concentration in a Small Economy: The Evidence from Korea”, Review of Economics and Statistics Vol. 79, No. 1, pp. 142-145.
Menon, J. (1995) “Exchange Rate Pass-Through”, Journal of Economic Survey Vol. 9, No. 2, pp. 197-231.
Metin, K. (1995) The Analysis of Inflation: the Case of Turkey (1948-1988), Capital Market Board, Publication No 20.
Özatay, F. (1997) “A Quarterly Macroeconomic Model for A Highly Inflationary and Indebted Country: Turkey”, Yapı Kredi Bankası Research Department Discussion Paper, Series No 97/05.
State Planning Organisation (SPO) (1987) Economic and Social Indicators (1950-1997), Ankara.
Yang, J. (1997) “Exchange Rate pass-Through in US Manufacturing Industries”, Review of Economics and Statistics Vol. LXXIX, NO. 1, pp. 95-104.
Downloads
Published
How to Cite
Issue
Section
License
El contenido publicado en EconoQuantum se encuentra bajo una Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
