An Empirical Investigation on Determinants of Foreign Trade in Turkey

Mustafa Mete and Yusuf Bozgeyik
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Mustafa Mete: Gaziantep University, Turkey
Yusuf Bozgeyik: Gaziantep University, Turkey

Expert Journal of Economics, 2017, vol. 5, issue 1, 27-37

Abstract: In this study the results obtained from previous theoretical and practical studies were examined and the factors that determine foreign trade were analysed. For this purpose, considering the annual data belongs to 1994-2016 period unit root test, Co-integration test, short-term VAR analysis and Granger Causality analysis were performed in order to determine the relationship and the direction of impact between foreign trade balance and determinants of foreign trade. As a result of the econometric analysis we obtained parallel results with previous literature. While positive relationship has been found between foreign trade balance and foreign direct investments, as well as foreign income and reel exchange rate, a negative relationship has been found between domestic consumption and reel interest rate.

Keywords: Determinants of Foreign Trade; Co-Integration Test; Foreign Trade Balance; Turkish Economy (search for similar items in EconPapers)
JEL-codes: F10 F40 (search for similar items in EconPapers)
Date: 2017
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