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Unravelling the structure of Turkish exports: Impediments and policy

Öner Günçavdı and Saime Kayam ()

Journal of Policy Modeling, 2017, vol. 39, issue 2, 307-323

Abstract: In this study we reveal the structure of exports in an emerging economy, Turkey, to shed light on the impediments not only this country but also other developing countries might face in pursuit of increasing exports to tackle their current account problems. We employ panel data econometrics for estimating exports, labour and imports market specifications simultaneously to address endogeneity issues. The data covers 13 manufacturing industry sectors, 25 main export markets over the period 2000–2011. Our findings reveal that unlike conventional assumptions, export supply is not infinitely elastic, and the supply side of the market plays a critical role in reviving export earnings in Turkey.

Keywords: Export demand and supply; Exchange rate policy; Turkey (search for similar items in EconPapers)
JEL-codes: F14 F41 F43 O24 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1016/j.jpolmod.2016.09.001

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