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• W2188454611 abstract "This paper investigates the long-run bilateral trade elasticities of Turkey and its major trading countries. In the long run, Turkish bilateral trade is inelastic (with varying sign). Thus, the devaluation or revaluation of the Turkish Lira should be expected to have only a limited impact on Turkey's trade balance. On the other hand, Turkish trade is income elastic in the long run but income inelastic in the short run. Nevertheless, the Marshall-Lerner condition is satisfied only for Canada, South Korea and the US. Furthermore, switching to the euro has reduced Turkish imports from the EU members and emerging market crises tend to increase Turkish imports." @default.
• W2188454611 created "2016-06-24" @default.
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• W2188454611 date "2010-01-01" @default.
• W2188454611 modified "2023-09-24" @default.
• W2188454611 title "Bilateral Trade Elasticities of Turkey" @default.
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