Ticaret Partnerlerinin Önemi: Türkiye’nin Ticaret Partnerleri Üzerine Bir Panel Veri Analizi
The Significance Of Trading Partners: A Panel Data Analysis On Turkey's Trading Partners

Summary/Abstract: In this study, the effect of selected economic indicators of 15 countries that Turkey exported the most between 1996-2019 on Turkey's exports was investigated by the panel data method. These economic indicators are the exports of the countries to which Turkey exports the most, the total output levels, the annual average value of their national currencies against the US dollar, their per capita incomes, manufacturing industry production and household consumption expenditures, These indicators are used by applying logarithmic transformation. According to the results, among the selected indicators of the trading partners, Turkey's exports are positively affected by the total output level and by the their exports of the trading partners., Turkey's exports, however, are more strongly affected by the level of total output represented by GDP. The depreciation of the national currencies of these trade partners against the US dollar and the manufacturing industry productions have a negative effect on Turkey's exports. Although the depreciation against the US dollar is compatible with expectations, the result for the manufacturing industry shows that the relationship between Turkey's export products and the manufacturing industries of its trading partners is favor substitution rather that supplementary. There is no statistically significant results for the per capita incomes and household consumption expenditures of trading partners.

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