|
on Central and Western Asia |
| By: | Bayraci, Selcuk |
| Abstract: | In this study, we present a VAR-BEKK model to investigate the co-movements of long-term interest rates between Turkey and four developed (Germany, Japan, USA and UK) markets . We use weekly rates on the 5-year maturity government bonds for the period of February 10, 2006 to September 12, 2014 containing 448 observations. We empirically document that, while Turkish bond market is only correlated with Japanese and the US markets, there are strong ties between the returns and volatility of developed bond markets. Our findings indicate most of the movements in international government bond markets is a product of global risk factors rather than country specific factors |
| Keywords: | Bond market co-movement; volatility spillover; BEKK-GARCH model |
| JEL: | C32 C51 G15 |
| Date: | 2015–07–23 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:65758&r=cwa |
| By: | Imamverdiyev, Nizami; Anders, Sven; Glauben, Thomas; Perekhozhuk, Oleksandr; Prehn, Sören |
| Abstract: | The objective of this study is to analyze the trade duration patterns of Kazakhstan’s wheat exports between 1995 and 2012. Using 4-digit HS code trade flow data we employ a discrete-time duration framework and probit models explicitly testing for unobserved heterogeneity across bilateral trade relationships. The empirical results indicate that trade cost, local production factors, price competitiveness and experience significantly explain the short duration of Kazakhstan’s wheat exports. The results imply that the stability and thus sustainability of Kazakhstan’s wheat exports critically depend on the market share of Russian wheat exports, abolishing restrictive export policies, and maintaining good trade relationships with traditional trading partners, especially post-Soviet Union economies. |
| Keywords: | Wheat exports, trade duration analysis, probit, Kazakhstan, Agricultural and Food Policy, International Relations/Trade, C41, Q17, |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea15:205391&r=cwa |
| By: | Bashorat, Ismailova |
| Keywords: | International Development, International Relations/Trade, Resource /Energy Economics and Policy, |
| Date: | 2013–10 |
| URL: | http://d.repec.org/n?u=RePEc:ags:ugidic:189912&r=cwa |
| By: | Sierz Naurodski; Uladzimir Valetka |
| Abstract: | Eurasian Economic Union, an ambitious project intended to benefit the countries in the post-soviet zone, evokes questions about its future. Is pulling together regional cooperation and tightening its relationship with Russia beneficial to Belarus in the long run? Having analyzed the recent trends in trade, labor and capital flows, Sierž Naurodski and Uladzimir Valetka shed light on the highly questionable nature of potential benefits the Union could bring to Belarussian economy within its current macroeconomic and institutional framework |
| Keywords: | Trade, economic integration and globalization, Eastern Europe, Caucasus and Central Asia |
| JEL: | F10 F15 |
| Date: | 2015–06 |
| URL: | http://d.repec.org/n?u=RePEc:sec:bresem:0138&r=cwa |
| By: | Khakimov, Parviz |
| Keywords: | International Development, International Relations/Trade, Resource /Energy Economics and Policy, |
| Date: | 2013–10 |
| URL: | http://d.repec.org/n?u=RePEc:ags:ugidic:189910&r=cwa |