On the Dynamics of the Agricultural Trade of Turkey
Öz
In this study, the dynamics of the agricultural trade of Turkey are empirically analyzed within a gravity model framework. Using a panel of 33 countries over the period 1993-2015, we found that the economic magnitude of the partner country, the real exchange rate volatility and common borders are significant factors determining the agricultural trade of Turkey. Furthermore, after the global crisis in 2008, the agricultural trade volume of Turkey exhibits a positive shift unlike the decline in the world agricultural trade. The results also indicate that Turkey’s agricultural trade with the European Union tends to decrease after 2008 although the EU countries are still important trade partners.
Anahtar Kelimeler
Agricultural Trade of Turkey, Gravity Model, 2008 Crisis, Panel Data Analysis
Kaynakça
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