| Article Information |
| Journal: |
Business and Economics Research Journal |
| Title of Article: |
The Real Effective Exchange Rate and Industrial Employment: The Turkish Case |
| Author(s): |
Resat Can Akkay |
| Volume: |
12 |
| Number: |
3 |
| Year: |
2021 |
| Page: |
491-507 |
| ISSN: |
2619-9491 |
| DOI Number: |
10.20409/berj.2021.334 |
|
| Abstract |
| 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. |
| Keywords: |
Real Effective Exchange Rate, Industrial Employment, ARDL Model, Aggregation Bias, Turkey |
|
| JEL Classification: |
E24, F31, C22 |
|
