Foreign Trade Relations between Turkey and BRICS Countries: An Analysis with Input-Output Method

Ş. Mustafa Ersungur, Füsun Çelebi Boz and Ömer Çınar
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Ş. Mustafa Ersungur: Ataturk University
Füsun Çelebi Boz: Bayburt University
Ömer Çınar: Agri Ibrahim Cecen University

Business and Economics Research Journal, 2017, vol. 8, issue 3, 395-412

Abstract: Increase of the production volume of the economies are necessary for developing countries to compete other developed countries. When production volumes increase, economic growth and also per capita income increase. Therefore developing countries have adopt outward-oriented trade polices to increase income level. When we looked at the relationship between Turkey and BRIC, Russia and China are an important trade partners according to other members of BRIC. China is primary country with highest imports by 12%in 2005 while Russia is the third country by 9.8%. Share of other countries are limited because of geographical distance. In this study foreign trade relation between Turkey and BRIC and key ındutstries of these countries have been tried to evaluate by using 1995, 2000, 2005, 2008 and 2011 datas with Input-Output analysis. According to result of analysis comprise a structure depend on foreign trade dependence for inputs in Turkey in 2000s. We saw that this situation occur partially to the extent terms for other countries in related to different kinds of sectors. Foreign trade dependence for inputs of Turkey continue an important problem and this position diminish structural ınterdependence inter –sectoral in sense of key endusties of Turkısh economy.

Keywords: BRICS Countries; Input-Output Models; Input-Output Tables and Analysis; Key Industries; International Trade (search for similar items in EconPapers)
JEL-codes: C67 D57 P33 (search for similar items in EconPapers)
Date: 2017
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