Exchange Rate Effect on the Household Consumption in BRICST Countries: Evidence from MATNARDL Model

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dc.authoridDerindag, Omer Faruk/0000-0002-6693-0628
dc.authoridSalman, Asma/0000-0002-5623-3087
dc.authoridChang, Bisharat Hussain/0000-0002-6519-6759
dc.authorwosidDerindag, Omer Faruk/ABI-2557-2020
dc.authorwosidSalman, Asma/C-9619-2018
dc.contributor.authorDerindag, Omer Faruk
dc.contributor.authorChang, Bisharat Hussain
dc.contributor.authorGohar, Raheel
dc.contributor.authorSalman, Asma
dc.date.accessioned2024-08-04T20:52:04Z
dc.date.available2024-08-04T20:52:04Z
dc.date.issued2022
dc.departmentİnönü Üniversitesien_US
dc.description.abstractVarious empirical methodologies have examined the relationship between exchange rate and household consumption expenditures. However, traditional methods fail to analyze the exchange rate effect on consumption across minor and major currency depreciation and appreciations. We attempt to extend the existing literature by examining the impact of minor and major currency appreciation and depreciation on household consumption expenditures in BRICST countries, including Brazil, Russia, India, China, South Africa and Turkey. We use an extended version of the nonlinear ARDL (NARDL) and multiple threshold nonlinear ARDL model called the multiple asymmetric ARDL (MATNARDL) model. Our estimates, based on the traditional NARDL model, indicate that the asymmetric effect is found in the context of India and China only. However, the MATNARDL estimates suggest that, in the long run, the asymmetric effect is found for all the sample countries except India whereas, in the short run, the asymmetric effect is found for all the sample countries except Turkey. Finally, this study recommends the policy implications based on the results obtained in this study.en_US
dc.identifier.doi10.1142/S1793993322500107
dc.identifier.issn1793-9933
dc.identifier.issn1793-9941
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85132121282en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.urihttps://doi.org/10.1142/S1793993322500107
dc.identifier.urihttps://hdl.handle.net/11616/100721
dc.identifier.volume13en_US
dc.identifier.wosWOS:000821849800004en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWorld Scientific Publ Co Pte Ltden_US
dc.relation.ispartofJournal of International Commerce Economics and Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectExchange rateen_US
dc.subjectBRICST countriesen_US
dc.subjectMATNARDL modelen_US
dc.subjecthousehold consumptionen_US
dc.subjectasymmetryen_US
dc.titleExchange Rate Effect on the Household Consumption in BRICST Countries: Evidence from MATNARDL Modelen_US
dc.typeArticleen_US

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