The Real Effective Exchange Rate and Industrial Employment: The Turkish Case
Business and Economics Research Journal , cilt.12, sa.3, ss.491-507, 2021 (Hakemli Dergi)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 12 Sayı: 3
- Basım Tarihi: 2021
- Doi Numarası: 10.20409/berj.2021.334
- Dergi Adı: Business and Economics Research Journal
- Derginin Tarandığı İndeksler: TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.491-507
- İstanbul Üniversitesi Adresli: Evet
Özet
This study investigates the relationship between industrial employment and
producer price index-based real effective exchange rate, over the period 2009M01-
2019M10, by employing the autoregressive distributed lag cointegration procedure, for
the Turkish economy. The empirical findings support the existence of a positive
relationship between the appreciation of the producer price index-based real effective
exchange rate and an increase in industrial employment. Accordingly, a 1% appreciation
of the producer price index-based real effective exchange rate leads to a 0.092%
increase in industrial employment. This finding supports the dominance of the
“imported input” channel over the other transmission channels for Turkey at the
industry level.