Since 2014
Turkey - Africa trade: A gravity model estimation of determinants
Journal of Economics Library
View Archive Info| Field | Value | |
| Title |
Turkey - Africa trade: A gravity model estimation of determinants
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| Creator |
AMAN, Abdulkadir Wahab; Yildiz Technical Univeristy
GÖNEL, Feride; Department of Economics, Yildiz Technical University, Istanbul, Turkey. Email: feride.gonel@gmail.com Tel: +90 212 383 67 12 KARADUMAN, Hasan; Department of Economics, Yildiz Technical University, Istanbul, Turkey. Email: hasankaraduman@gmail.com Tel: +90 212 383 67 12 |
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| Subject |
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| Description |
Abstract. This study investigates the key determinants of trade between Africa and Turkey by using the gravity model of international trade. The major objective is to identify the core socio-cultural and macroeconomic factors of bilateral trade between both sides. Poisson – Pseudo-Maximum Likelihood Estimator is used in order to efficiently test the impact of many dummy variables and fixed effects. The results illustrate that there are geographic, socio-cultural and macroeconomic factors in the African economies and Turkey’s side. African countries near to Turkey, sharing similar religion and recorded higher economic growth rates in the last couple of decades have better bilateral trade with Turkey than the others. Besides, economic freedom improvements in these countries have positive relationship with their bilateral trade. On the other hand, improvement in corruption level of Turkey, increasing its ODA donation and opening commercial consulates in African countries are the positive factors of its bilateral trade with Africa. However, there is no statistical evidence to say Turkey’s trade with Africa is for the purpose of natural resources.Keywords. Turkey, Africa, Foreign Trade, Gravity Model.JEL. F01, F14, F19.
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| Publisher |
Journal of Economics Library
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| Contributor |
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| Date |
2017-12-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEL/article/view/1535
10.1453/jel.v4i4.1535 |
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| Source |
Journal of Economics Library; Vol 4, No 4 (2017): December; 561-571
2149-2379 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEL/article/view/1535/1488
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1535/773 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1535/774 |
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| Rights |
Copyright (c) 2018 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0 |
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