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Nihai ve Ara Mallarda Döviz Kuru Yansima Esneklikleri : Türkiye Örneği

Exchange Rate Pass-Through Elasticities in Final and Intermediate Goods: The Case of Turkey

Journal Name:

  • Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2005

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
A distinctive feature of present globalization is fragmentation of production. The recent developments in transportation and communication technologies led to a surge in intermediate goods trade. However, intermediate goods trade is often neglected in the empirical studies of the exchange rate pass-through. Using import unit values, this study examines the pass-through of exchange rate changes into both aggregated and disaggregated imported final and intermediate goods prices of Turkey for the period of 1989.q1 to 1996.q4. Empirically, Turkey's pass-through is quite rapid. The short-run and long-run elasticities for both final and intermediate goods suggest that complete pass-through is more relevant for Turkey at both aggregated and disaggregated level. In addition, the estimated pass-through elasticities considerably vary across countries and industries. Finally, intermediate goods have relatively higher pass-through rates than final goods.
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Abstract (Original Language): 
Mevcut küreselleşme sürecinin en önemli özelliklerinden biri üretim sürecinin parçalanmasıdr. Son zamanlarda ulaşım ve haberleşme teknolojilerinde ortaya çıkan gelişmeler ara mal ticaretinde önemli artışlara yol açmıştır. Buna karşın, ara malları ithalatındaki döviz kuru yansıması hakkında yapılan ampirik çalışmalar az saydadr. Bu çalışmada ithalat birim değerleri kullanılarak, ülke ve endüstri seviyesinde Türkiye'nin nihai ve ara mal ithalat fiyatlarının döviz kuru yansıması 1989.q1 ve 1996.q4 dönemi için incelenmiştir. inceleme sonucunda, Türkiye'deki döviz kuru yansımasının bu dönemde oldukça hızlı olduğu gözlemlenmektedir. Nihai ve ara malların kısa ve uzun dönem esneklikleri döviz kuru yansımasının hem ülke hem de endüstri seviyesinde tam olduğunu göstermektedir. Ek olarak, tahmin edilen yansıma esnekliklerinin ülkeler ve endüstriler arasında değişkenlik gösterdiği anlaşılmaktadr. Son olarak da, ara mallardaki döviz kuru yansıması nihai mallara oranla göre daha yüksek olduğu sonucuna ulaşılmıştır
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