Exchange Rate Uncertainty in Turkey and its Impact on Export Volume

摘要: This paper investigates the impact of real exchange rate volatility on Turkey’s exports to its most important trading partners using quarterly data for period 1982 2001. Cointegration and error correction modeling approaches are applied, estimates cointegrating relations obtained Johansen’s multivariate procedure. Estimates short-run dynamics through technique. Our results indicate that has a significant positive effect export volume in long run. result may firms operating small economy, like Turkey, have little option dealing with increased risk.