Sectoral exports dynamics of Turkey: a panel co-integration analysis

This paper analyzes the role of unit labor costs and individual cost components in determining sectoral export dynamics and the change in the impact of these costs after the sequence of structural reforms in Turkey as of 2001. It employs a multivariate panel co-integration technique across 17 Turkis...

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Bibliographic Details
Published in:Empirical economics 2010-04, Vol.38 (2), p.373-384
Main Author: Saygili, Hülya
Format: Article
Language:English
Subjects:
Cointegration analysis
Econometrics
Economic models
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Exports
Finance
Foreign exchange rates
Insurance
International trade
Labor costs
Management
Manufacturing
Original Paper
Productivity
Statistics for Business
Studies
Time series
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Summary:This paper analyzes the role of unit labor costs and individual cost components in determining sectoral export dynamics and the change in the impact of these costs after the sequence of structural reforms in Turkey as of 2001. It employs a multivariate panel co-integration technique across 17 Turkish manufacturing sectors at different time periods. Results suggest that average elasticity changes not only between the time periods but also across the sectors. Cross-sectional elasticity differences are mostly attributable to the sectoral competitiveness and factor intensities.
ISSN:0377-7332
1435-8921
DOI:10.1007/s00181-009-0271-0