IMPACT OF COVID-19 PANDEMIC ON TURKEY'S EXPORTS TO MAJOR TRADE PARTNERS: GRAVITY MODEL APPROACH

Şukran Kahveci and Asiye Tutuncu
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Şukran Kahveci: İstanbul Gelişim Universitesi
Asiye Tutuncu: KASTAMONU UNIVERSITY

Ekonomi Maliye Isletme Dergisi, 2024, vol. 7, issue 1, 37-53

Abstract: This study aims to examine the effects of the Covid-19 epidemic, which has affected the whole world, on Turkiye's exports with the gravity model. In this context, the export level between Turkey and its top 10 export partners was examined for the monthly period 2020:03-2021:12. In the gravity model analysis, the number of Covid-19 cases in the exporter and partner countries and the number of deaths due to the number of cases were included in the analysis, and the effect of Covid-19 on the export level was investigated with the High Dimensional Fixed Effect PPML (PPMLHDFE) estimator. Empirical findings obtained in the study show that the increase in the number of Covid-19 cases in the exporting country affects exports negatively, while the increase in the number of cases in the partner country and the number of deaths due to Covid-19 affects exports positively. Accordingly, at the export level, increasing Covid-19 cases in the exporting country causes a negative effect, while increasing Covid-19 cases in the partner country causes a positive effect.

Keywords: Covid-19; Export; Gravity Model; PPMLHDFE; Panel Data Analyze (search for similar items in EconPapers)
JEL-codes: C18 F10 F14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:gnx:emid43:2024-7-1-1408781

DOI: 10.46737/emid.1408781

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