Comparison In Trade Outcome Performance Between The European Union Membership Candidate Country - Turkey And European Union Member Countries

Year 2015, Volume: 20 Issue: 4, - , 22.12.2015

Kokou Adalessossı , Neylan Kaya

Abstract

Turkey, as a membership candidate country to the European Union(EU) and as a developing  country, has a significant effect in European trade-related trade’s policies.  In this regard, Turkey's trade performance in term of outcome compared to other European Union member’s countries has also a remarkable importance. The purpose of this study is to compare Turkey’s trade performance with the 28 member countries of the European Union, to find out which of them are similar or different (remote) from Turkey’s. The data set for this study was taken from the World Bank’s web site. To perform this paper Multidimensional scaling analysis(MDS) was used  to reveal similarities or differencies between countires. The empirical results from this study reveals that Turkey is closer to some European Union member’s countries such as Germany (the biggest economy country in EU), Romania, and Latvia and far from the United Kingdom, Ireland and Belgium.

Keywords

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