Tepe, Resul; Kayiran, Burhan; Açik, Abdullah
(Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie,
)
One of the most important factors affecting international trade is exchange rate fluctuations. To date, studies
that have analyzed the effect of exchange rates have shown that the effect can vary from sector to sector and
from country to country. The fact that this relationship has not been extensively studied in the fisheries industry
is the motivation for this study. In this regard, the aim of this study is to determine whether changes in the
real exchange rates of countries affect their fisheries production levels. Accordingly, we used the causality test
developed by Emirmahmutoglu and Kose (2011), which takes into account both cross-sectional dependencies
and heterogeneity. The data set used in this study consisted of 27 annual observations from 38 countries from
1990–2016. The results revealed that changes in the real exchange rate affected fisheries production. This
situation shows that changes in exchange rates may affect the international demand for fisheries and serve as
a source of motivation for producers.