Eurasian orientation and global trade integration: the case of Turkey

Anagnostou Ageliki () and Ioannis Panteladis
Additional contact information
Anagnostou Ageliki: University of Thessaly

Eurasian Economic Review, 2016, vol. 6, issue 2, No 5, 275-287

Abstract: Abstract The paper analyzes the dynamics of Turkey’s trade integration into the various economic blocs of the world system as well as into the peripheral subsystems of Eurasia and Mediterranean space using a gravity GMM model, for the period 1996 through 2011. The findings reveal that the trade pattern of Turkey is multispatial but without a deep integration with the EU or any other economic bloc, despite the custom union agreement with the latter since 1995. Further, the trade dynamics of Turkey is consistent with fundamentals such as size of the markets, location and other relevant factors, while, the quasi time invariant structural factors such as geography, culture and history seem to foster the Turkey’s trade relations with specific Eurasian subsystems. The rising multipolarity of the world system-cum-the fragile architecture of interests in the broader Eurasian region affect unavoidably the role and the position of Turkey itself as well as its strategic orientations. Conversely, an economically diminishing Europe seems to be unable to pursue with consistency specific Eurasian policies including the matter of official accession of Turkey in the EU.

Keywords: GMM gravity model; Geography; History; Culture; Eurasian region; Mega economic blocs (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s40822-015-0038-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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: https://EconPapers.repec.org/RePEc:spr:eurase:v:6:y:2016:i:2:d:10.1007_s40822-015-0038-1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40822

DOI: 10.1007/s40822-015-0038-1

Access Statistics for this article

Eurasian Economic Review is currently edited by Dorothea Schäfer

More articles in Eurasian Economic Review from Springer, Eurasia Business and Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().