Sahin, Afsin; Akdi, Yilmaz; Atakan, Cemal - In: International Journal of Business and Economic Sciences … 1 (2008) 2, pp. 1-12
, export (f.o.b.), import (c.i.f.) and CPI based real effective US dollar exchange rate. We employed monthly data of Turkey … integrated of order one, I(1), but shuttle trade. Besides we detected a case of multicollinearity among some of the expletory … variables. Therefore we used first order autoregression model of shuttle trade. We have derived that, previous month’s shuttle …