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.

Language
Englisch

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

Classification
Management
Subject
asymmetric cointegration
exchange rate pass-through
nonlinear ARDL
Turkish cocoa imports

Event
Geistige Schöpfung
(who)
Durmaz, Nazif
Kagochi, John
Event
Veröffentlichung
(who)
MDPI
(where)
Basel
(when)
2022

DOI
doi:10.3390/jrfm15040184
Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Durmaz, Nazif
  • Kagochi, John
  • MDPI

Time of origin

  • 2022

Other Objects (12)