Ticari Bilimler Fakültesi / Faculty of Commercial Science

Permanent URI for this collectionhttps://hdl.handle.net/11727/2074

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    Exchange Rate Risk and İnternational Trade: The Role of Third Country Effect
    (2018) Tunc, Cengiz; Solakoglu, M. Nihat; Babuscu, Senol; Hazar, Adalet
    Using the recently launched Exporter Dynamics Database of the World Bank, this paper empirically investigates the role of external exchange rate risk (third-country effect) on trade flows between countries. We find a strong positive influence of external exchange rate risk on exports to a specific destination. However, the effect is more observable in advanced destination countries, countries with low bilateral exchange rate volatility in comparison to external exchange rate volatility, and countries in which export is concentrated among a small number of firms. (C)2018 Elsevier B.V. All rights reserved.
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    Sector-Level Competition and Export: Evidence from Exporter Dynamics Database
    (2019) Babuscu, Senol; Hazar, Adalet; Solakoglu, M. Nihat; Tunc, Cengiz
    We study the effect of sector-level competition on export by utilizing the Exporter Dynamics Database of the World Bank that provides sector-level competition measure along with destination-specific detailed export data. The results of the analysis show a nonlinear effect of sector-level competition on export. While at less competitive sectors, an increase in competition depresses export, at highly competitive sectors, an increase in competition generates a trade-promoting effect on export. The observed nonlinear effect is robust across sectors and countries. Therefore, productivity of peer firms could generate negative effect on a firm's export performance contrary to the usual positive effect of a firm's own productivity.