External income shocks and Turkish exports: A sectoral analysis

Creative Commons License

Berument M. H., Dinçer N. N., Mustafaoglu Z.

ECONOMIC MODELLING, cilt.37, ss.476-484, 2014 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 37
  • Basım Tarihi: 2014
  • Doi Numarası: 10.1016/j.econmod.2013.11.011
  • Dergi Adı: ECONOMIC MODELLING
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.476-484
  • Anahtar Kelimeler: Export demand, Income of trading partners, ISIC-3 sector classification, CUSTOMS UNION
  • TED Üniversitesi Adresli: Evet

Özet

This study assesses how the growth rates of Turkish trading partners affected Turkish exports in various sectors for the period 1996:01 to 2009:12. To determine this, we modeled the destination countries and the export demand for each sector separately. Each model is estimated as a system of equations, where each equation represents a country using a seemingly unrelated regression method. The empirical evidence suggests that Motor Vehicles, Basic Metals, and Radio-Television are the sectors with the highest income elasticities for most of the analyzed countries, whereas the Food Products and Beverages sector has the lowest income elasticity. We also performed simulations for the effect of a 1% increase in the growth rate of each country on Turkish exports. (C) 2013 Elsevier B.V. All rights reserved.