土耳其咖啡豆进口:不对称汇率传递分析

IF 2.4 Q2 AGRICULTURAL ECONOMICS & POLICY
Nazif Durmaz, Shuzhe Zheng
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引用次数: 0

摘要

作为世界上最有价值的贸易商品之一,咖啡豆市场近年来增长迅猛。本文旨在分析土耳其从南美两个重要来源国巴西和哥伦比亚进口咖啡豆的非线性汇率传递。设计/方法/方法本文通过可靠渠道收集的数据包括名义进口值、汇率、全行业产量等。通过转换得到自变量和因变量。由于巴西咖啡豆出口贸易中非线性调整后的汇率与线性调整后的汇率存在显著差异,本文建立了自回归分布滞后(ARDL)和非线性ARDL框架,并通过非对称协整和误差校正模型论证了它们的应用。本文的研究结果表明,与哥伦比亚的咖啡豆进口相比,巴西的咖啡豆进口表现出更明显的不对称性。本研究的结果有助于发展中国家特别是巴西的非石油商品进口贸易,并丰富了关于非线性汇率调整的现有文献。研究局限/启示哥伦比亚咖啡豆的出口历史不如巴西悠久,直到很久以后,哥伦比亚才开始向世界其他地区出口咖啡豆。原创性/价值本研究是对农业贸易文献的补充。作者分析了土耳其从南美两个重要来源国巴西和哥伦比亚进口咖啡豆的非线性汇率传递。与目前主流的油类商品贸易研究不同,本文从咖啡豆的角度来研究国际贸易,对这一领域的实践具有一定的启发意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Turkish coffee bean imports: asymmetric exchange rate pass-through analysis
PurposeAs one of the world's most valuable traded commodities, the market for coffee beans has grown enormously in recent years. The paper aims on analyzing the nonlinear exchange rate pass-through in Turkish coffee bean imports from two important sources in South America: Brazil and Colombia.Design/methodology/approachData collected in this paper through reliable channels include nominal import value, exchange rate, production of total industry, etc. Independent and dependent variables are obtained through conversion. Since the nonlinearly adjusted exchange rate differs significantly from the linearly adjusted one for the export trade of Brazilian coffee beans, this paper develops the autoregressive distributed lag (ARDL) and nonlinear ARDL frameworks and demonstrates their application through asymmetric cointegration and error correction models.FindingsThe results of this paper show that imports of Brazilian coffee bean exhibit a more dramatic asymmetry compared to Colombia's coffee bean imports. The results of this study contribute to the import trade of non-oil commodities in developing countries, particularly Brazil, and enrich the existing literature on nonlinear exchange rate adjustments.Research limitations/implicationsThe export of Colombian coffee beans is not as old as Brazil, and it was not until much later that Colombia began to export coffee beans to the rest of the world.Originality/valueThe present study is an addition to the literature of agricultural trade. The authors analyze the nonlinear exchange rate pass-through in Turkish coffee bean imports from two important sources in South America: Brazil and Colombia. Different from the current mainstream research on oil commodity trade, this paper focuses on international trade from the perspective of coffee beans, which can enlighten the practice in this field.
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来源期刊
CiteScore
4.60
自引率
37.50%
发文量
58
期刊介绍: The Journal of Agribusiness in Developing and Emerging Economies publishes double-blind peer-reviewed research on issues relevant to agriculture and food value chain in emerging economies in Asia, Africa, Latin America and Eastern Europe. The journal welcomes original research, particularly empirical/applied, quantitative and qualitative work on topics pertaining to policies, processes, and practices in the agribusiness arena in emerging economies to inform researchers, practitioners and policy makers
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