Szukana fraza: [Abstrakt = "This paper examines the impact of real exchange rate volatility on the demand for electrical exports, which is the second largest sub\-sector of machinery in Turkey, by employing multivariate cointegration and error correction methods. The model was estimated for two\-digit electrical exports \(SITC 77\), using quarterly data for the period 1995\-2010. Our estimation results suggest that real exchange rate exerts a negative and significant impact on electrical exports both in the long and short term, while its volatility has only a positive and significant impact in the long run. In addition, the results of the long\-term export model indicate that foreign income also has a positive and significant impact on Turkish electrical exports"]

Wyników: 1