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Structural Change in Turkish External Trade Evidence from BEC Sectors
Date
2016-01-01
Author
Özmen, Erdal
Metadata
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We investigate exports and imports of Turkey for the main BEC sectors. We find that the trade equations do not remain stable when an endogenous regime change is taken account. Exports and imports are basically determined by world output and domestic income, respectively, with substantially high elasticities. Consistent with the fact that Turkish integration to global value chains has substantaily increased, exchange rate elasticities decrease during the recent period. The external income elasticity of exports is substantially higher than the domestic income elasticity of imports. (8) (PDF) Structural Change in Turkish External Trade: Evidence from BEC Sectors.
Subject Keywords
Current account deficits
,
exports
,
global value chains
,
imports
,
real exchange rates
,
trade elasticity
,
Turkey
URI
https://hdl.handle.net/11511/69638
Journal
Ekonomik Yaklasim
DOI
https://doi.org/10.5455/ey.35941
Collections
Department of Economics, Article
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E. Özmen, “Structural Change in Turkish External Trade Evidence from BEC Sectors,”
Ekonomik Yaklasim
, pp. 207–207, 2016, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/69638.