Tunalioglu R.Ozer O.O.Bayramoglu Z.2020-03-262020-03-2620131993-6788https://hdl.handle.net/20.500.12395/30138In this study, the effects of volatility on real exchange rates and changes in the prices for extra virgin olive oil and refined olive oil at Turkey's olive oil export market are studied using the GARCH model. Monthly data covering the periods from January 2004 to December 2009 are used for the analysis. The worldwide economic crisis of 2008 is factored in as a dummy variable in the two models established separately for extra virgin olive oil and refined olive oil. This study shows that domestic and international prices, aside from fluctuations in exchange rate, directly affect Turkey's olive oil export. The results suggest that floating rate policy, which has been in use in Turkey since 2001, is more advantageous for olive oil export. The study concludes by suggesting that Turkey's olive oil export is not adversely affected by the worldwide economic crises. © Renan Tunalioglu, Osman Orkan Ozer, Zeki Bayramoglu, 2013.eninfo:eu-repo/semantics/closedAccessEconomic crisesExchange rate volatilityExtra virgin olive oilMultivariate garch-in-meanPricesRefined olive oilArticle1413448458N/A