Artikel

Asymmetric exchange rate pass-through in turkish imports of cocoa beans

The present paper uses asymmetric cointegration and error-correction modeling where a nonlinear adjustment of the exchange rate yields results that are different than those yielded by linear models. We study cocoa imports for Turkey with advanced ARDL and nonlinear ARDL frameworks. Our findings reveal that there is considerable asymmetry for the case of Turkish cocoa bean imports from Côte d'Ivoire. Compared with imports from Ghana, there are significant differences in Turkish importers' preferences when choosing between the two cocoa bean providers. Our results provide support for the nonlinear adjustment of the real Turkish lira-US dollar exchange rate and a hint of imperfect rivalry in Turkish cocoa bean imports.

Sprache
Englisch

Erschienen in
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 15 ; Year: 2022 ; Issue: 4 ; Pages: 1-11

Klassifikation
Management
Thema
asymmetric cointegration
exchange rate pass-through
nonlinear ARDL
Turkish cocoa imports

Ereignis
Geistige Schöpfung
(wer)
Durmaz, Nazif
Kagochi, John
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2022

DOI
doi:10.3390/jrfm15040184
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Durmaz, Nazif
  • Kagochi, John
  • MDPI

Entstanden

  • 2022

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