Economics at your fingertips  

Turkey - Africa trade: A gravity model estimation of determinants

Abdulkadir Wahab Aman (), Feride Gönel () and Hasan Karaduman ()
Additional contact information
Abdulkadir Wahab Aman: Department of Economics, Yildiz Technical University, Istanbul, Turkey.
Feride Gönel: Department of Economics, Yildiz Technical University, Istanbul, Turkey.
Hasan Karaduman: Department of Economics, Yildiz Technical University, Istanbul, Turkey.

Journal of Economics Library, 2017, vol. 4, issue 4, 561-571

Abstract: This study investigates the key determinants of trade between Africa and Turkey by using the gravity model of international trade. The major objective is to identify the core socio-cultural and macroeconomic factors of bilateral trade between both sides. Poisson – Pseudo-Maximum Likelihood Estimator is used in order to efficiently test the impact of many dummy variables and fixed effects. The results illustrate that there are geographic, socio-cultural and macroeconomic factors in the African economies and Turkey’s side. African countries near to Turkey, sharing similar religion and recorded higher economic growth rates in the last couple of decades have better bilateral trade with Turkey than the others. Besides, economic freedom improvements in these countries have positive relationship with their bilateral trade. On the other hand, improvement in corruption level of Turkey, increasing its ODA donation and opening commercial consulates in African countries are the positive factors of its bilateral trade with Africa. However, there is no statistical evidence to say Turkey’s trade with Africa is for the purpose of natural resources.

Keywords: Turkey; Africa; Foreign Trade; Gravity Model. (search for similar items in EconPapers)
JEL-codes: F01 F14 F19 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Economics Library is currently edited by Bilal KARGI

More articles in Journal of Economics Library from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ().

Page updated 2023-11-11
Handle: RePEc:ksp:journ5:v:4:y:2017:i:4:p:561-571