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      • Department of Economics
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      Has European customs union agreement really affected Turkey's trade?

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      Author
      Neyaptı, B.
      Taşkın, F.
      Üngör, M.
      Date
      2007
      Source Title
      Applied Economics
      Print ISSN
      0003-6846
      Electronic ISSN
      1466-4283
      Publisher
      Routledge
      Volume
      39
      Issue
      16
      Pages
      2121 - 2132
      Language
      English
      Type
      Article
      Item Usage Stats
      153
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      196
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      Abstract
      The numerous discussions regarding the advantages and disadvantages of Turkey's becoming a member of the Customs Union has been inconclusive. The empirical analysis that mostly focus on the changes in the volume of trade without much regard to the conjectural changes have also been insufficient. This study attempts to shed light on this issue in a formal analysis of Turkey's international trade by empirically accounting for the changes before and after the Customs Union Agreement (CUA). In doing so, we explicitly account for the concurrent changes in the macroeconomic environment that may have affected Turkey's trade with the rest of the world. Our empirical findings indicate that CUA has not only positively impacted on Turkey's trade, but also led to changes in the behaviour of both exports and imports with regards to their responsiveness to underlying variables.
      Keywords
      Empirical analysis
      Export
      Import
      International trade
      Trade agreement
      Eurasia
      Turkey
      Permalink
      http://hdl.handle.net/11693/23390
      Published Version (Please cite this version)
      http://dx.doi.org/10.1080/00036840600735390
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      • Department of Economics 649
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