Araştırma Notu
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The Effect of Trade Costs on the Foreign Trade Size: A Comparative Study of High-Income Countries and UpperMiddle-Income Countries

Yıl 2023, , 86 - 95, 01.03.2023
https://doi.org/10.5152/JSSI.2022.223180

Öz

In theories of microeconomics, exchange costs are not taken into account when discussing exchange benefits, and an implicit assumption is made that exchange costs are zero. On the other hand, in the traditional international economy, the cost of trade was not considered very carefully. However, in the modern economy, trade costs constitute a significant portion of global trade. Method: This article examined the effect of trade costs on trade volume in two groups, high-income, and upper-middle-income countries, over the period of 2006-2015 using the Panel data analysis method. Result: The results of the study show that transportation costs and the number of commercial documents have a negative effect on the trade volume in high-income countries. ConclusionIn: high-income countries, trade costs lead to a decrease in trade volume, while in upper-middle-income countries, transportation costs and the number of trade documents do not have a significant impact on trade volume.

The Effect of Trade Costs on the Foreign Trade Size: A Comparative Study of High-Income Countries and UpperMiddle-Income Countries

Yıl 2023, , 86 - 95, 01.03.2023
https://doi.org/10.5152/JSSI.2022.223180

Öz

In theories of microeconomics, exchange costs are not taken into account when discussing exchange benefits, and an implicit assumption is made that exchange costs are zero. On the other hand, in the traditional international economy, the cost of trade was not considered very carefully. However, in the modern economy, trade costs constitute a significant portion of global trade. Method: This article examined the effect of trade costs on trade volume in two groups, high-income, and upper-middle-income countries, over the period of 2006-2015 using the Panel data analysis method. Result: The results of the study show that transportation costs and the number of commercial documents have a negative effect on the trade volume in high-income countries. ConclusionIn: high-income countries, trade costs lead to a decrease in trade volume, while in upper-middle-income countries, transportation costs and the number of trade documents do not have a significant impact on trade volume.

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Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi Teorisi (Diğer)
Bölüm Araştırma Makaleleri
Yazarlar

Nasim Rouygari Bu kişi benim 0000-0003-3447-3941

Ş. Mustafa Ersungur Bu kişi benim 0000-0003-3661-7216

Yayımlanma Tarihi 1 Mart 2023
Yayımlandığı Sayı Yıl 2023

Kaynak Göster

APA Rouygari, N., & Ersungur, Ş. M. (2023). The Effect of Trade Costs on the Foreign Trade Size: A Comparative Study of High-Income Countries and UpperMiddle-Income Countries. Current Perspectives in Social Sciences, 27(1), 86-95. https://doi.org/10.5152/JSSI.2022.223180

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