Title: Symmetric and asymmetric relationship between maritime transportation and foreign trade volume
Authors: Dilek Temiz Dinç; Huseyin Karamelikli
Addresses: Department of International Trade, Çankaya University, Eskişehir Yolu 29. Km, Yukarıyurtçu Mahallesi, Mimar Sinan Caddesi K Blok No. 214, 06790, Etimesgut/Ankara, Turkey ' Department of Economics, Karabük University, Kastamonu Yolu Demir Çelik Kampüsü, 78050, Merkez Karabük, Turkey
Abstract: In this study, the short and the long-run relationship between maritime transportation and foreign trade volume and also the linear and nonlinear characteristics of this relationship were investigated. Linear relations between maritime transportation and foreign trade volume were analysed by the autoregressive distributed lag (ARDL) model, and nonlinear relations were analysed by the nonlinear autoregressive distributed lag (NARDL) model by using monthly data between 2004 and 2018 in Turkey. According to the results, it was revealed that only the short-run asymmetry and long-run symmetry model was statistically valid and that results should be taken into consideration.
Keywords: symmetric relationship; asymmetric relationship; nonlinear model; maritime transportation; foreign trade volume; economics; logistics.
International Journal of Shipping and Transport Logistics, 2021 Vol.13 No.3/4, pp.260 - 274
Received: 27 Jul 2019
Accepted: 13 Dec 2019
Published online: 19 Mar 2021 *