HOW DID TURKEY'S EU EXPORTS AFFECTED BY THE 2008 FINANCIAL CRISIS?

Yıl 2016, Cilt: 4 Sayı: 4, 39 - 60, 15.05.2017

Yasin Kerem Gümüş

https://doi.org/10.18825/iremjournal.272583

Öz

In this study it is aimed to examine the effects of
financial crisis on Turkey’s exports to the EU at the time of financial crisis in
2008. For
this purpose the financial crisis has been compared within the 5-year period
before and after the crisis. The effects of the crisis on Turkey's trade volume
is examined using econometric models. According to the results, before the
financial crisis period (2003-2007) Turkey's exports increased in the motor
vehicles sub-sectors; but sub sectors of meat and meat products, the textile
and fertilizer wasn’t provided a sufficient level of development. On the other
hand, after the financial crisis period (2008-2013) sub-sectors of meat and
meat products, the printing industry showed improvement; but motor vehicles,
iron and steel financial crisis experienced decline.

In
the analysis of the results, the period before the financial crisis experienced
growth in both exports and imports of Turkey's foreign trade. The increase in
the share of the EU's trade before the crisis made a positive effects on the relations
between Turkey and the EU. The financial crisis affected Turkey’ exports to the
EU in a negative way as a result of weakened the EU and axial dislocation in
the trade relations.

Anahtar Kelimeler

Customs Union, the 2008 Financial Crisis, Export, Turkey, EU

HOW DID TURKEY'S EU EXPORTS AFFECTED BY THE 2008 FINANCIAL CRISIS?

Öz

In
this study it is aimed to examine the effects of financial crisis on Turkey’s
exports to the EU at the time of financial crisis in 2008. For this purpose the
financial crisis has been compared within the 5-year period before and after
the crisis. The effects of the crisis on Turkey's trade volume is examined
using econometric models. According to the results, before the financial crisis
period (2003-2007) Turkey's exports increased in the motor vehicles
sub-sectors; but sub sectors of meat and meat products, the textile and
fertilizer wasn’t provided a sufficient level of development. On the other
hand, after the financial crisis period (2008-2013) sub-sectors of meat and
meat products, the printing industry showed improvement; but motor vehicles,
iron and steel financial crisis experienced decline.

In
the analysis of the results, the period before the financial crisis experienced
growth in both exports and imports of Turkey's foreign trade. The increase in
the share of the EU's trade before the crisis made a positive effects on the
relations between Turkey and the EU. The financial crisis affected Turkey’
exports to the EU in a negative way as a result of weakened the EU and axial
dislocation in the trade relations.

Anahtar Kelimeler

Customs Union, the 2008 Financial Crisis, Export, Turkey, EU

Kaynakça

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