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An analysis of the relationship between foreign trade and economic growth in Turkey over the period 1980-2009

Kahya, Mustafa LU (2011) EKHR21 20111
Department of Economic History
Abstract (Swedish)
This study analyzes the relationship between foreign trade and economic growth in Turkey during the last three decades while particularly observing distinctive feature of the last decade in terms of economic growth-foreign trade relationship. The study adopts two main methodological approaches. The first approach includes two econometric analyses based on VAR and VEC models regarding periods 1987:1-2007:3 and 2000:1-2007:3 for investigating the dynamic relationship between GDP, exports and imports. The second approach includes the analysis of composition change in foreign trade of Turkey in the period 1980-2009 based on descriptive statistics. The results of analyses suggest that imports was one of the significant determinants of the... (More)
This study analyzes the relationship between foreign trade and economic growth in Turkey during the last three decades while particularly observing distinctive feature of the last decade in terms of economic growth-foreign trade relationship. The study adopts two main methodological approaches. The first approach includes two econometric analyses based on VAR and VEC models regarding periods 1987:1-2007:3 and 2000:1-2007:3 for investigating the dynamic relationship between GDP, exports and imports. The second approach includes the analysis of composition change in foreign trade of Turkey in the period 1980-2009 based on descriptive statistics. The results of analyses suggest that imports was one of the significant determinants of the economic growth in Turkey during the periods 1987:1-2007:3 and 2000:1-2007:3 whereas exports did not have important impacts on it. It is found that the export growth was significantly affected by the GDP growth, which indicates growth-led export pattern in Turkey during these periods. Also there is found no significant relationship between exports and imports. Even though the distinctive characteristic of foreign trade pattern of the last decade is observed, the results do not support that the last decade distinct from the previous decades in terms of foreign trade and economic growth relationship. (Less)
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author
Kahya, Mustafa LU
supervisor
organization
course
EKHR21 20111
year
type
H1 - Master's Degree (One Year)
subject
keywords
Turkey, economic growth, foreign trade, export-import composition
language
English
id
1976614
date added to LUP
2011-07-07 10:40:30
date last changed
2011-07-07 10:40:30
@misc{1976614,
  abstract     = {This study analyzes the relationship between foreign trade and economic growth in Turkey during the last three decades while particularly observing distinctive feature of the last decade in terms of economic growth-foreign trade relationship. The study adopts two main methodological approaches. The first approach includes two econometric analyses based on VAR and VEC models regarding periods 1987:1-2007:3 and 2000:1-2007:3 for investigating the dynamic relationship between GDP, exports and imports. The second approach includes the analysis of composition change in foreign trade of Turkey in the period 1980-2009 based on descriptive statistics. The results of analyses suggest that imports was one of the significant determinants of the economic growth in Turkey during the periods 1987:1-2007:3 and 2000:1-2007:3 whereas exports did not have important impacts on it. It is found that the export growth was significantly affected by the GDP growth, which indicates growth-led export pattern in Turkey during these periods. Also there is found no significant relationship between exports and imports. Even though the distinctive characteristic of foreign trade pattern of the last decade is observed, the results do not support that the last decade distinct from the previous decades in terms of foreign trade and economic growth relationship.},
  author       = {Kahya, Mustafa},
  keyword      = {Turkey,economic growth,foreign trade,export-import composition},
  language     = {eng},
  note         = {Student Paper},
  title        = {An analysis of the relationship between foreign trade and economic growth in Turkey over the period 1980-2009},
  year         = {2011},
}