International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 783
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Assoc. Prof. Dr. Rüştü Yayar
Session : 6B Uluslararası Ticaret II
Analysis of Turkey’s Export and Import Demand Functions within the Context of Foreign Trade with Russia
Türkiye’nin İhracat ve İthalat Talep Fonksiyonlarının Rusya ile Dış Ticareti Bağlamında Analizi
- Assoc. Prof. Dr. Rüştü Yayar (Gaziosmanpaşa University, Türkiye)
- Asst. Prof. Dr. Yunus Emre Birol (Cumhuriyet University, Türkiye)
- Ph.D. candidate Yusuf Demir (Cumhuriyet University, Türkiye)
Abstract
The main purpose of this study is to analyze the foreign trade of Russia and Turkey. Considering the foreign trade volume between the two countries, an experimental study was carried out to determine export and import demand functions of Turkey. The Russian Federation has been one of the countries having an important part in export of Turkey. Whereas textile products have taken the first place within the export of Turkey, petroleum gas and natural gas have taken the first place in import. The data used in the study covered the period between 1995 and 2010 quarterly. The data were obtained from Turkish Republic Central Bank, International Money Fund, Russian Central Bank and Russian Federal Statistics Service databases. According to obtained results, export of Turkey to Russia has affected more from the income of Russia rather than the relative prices, and import of Turkey from Russia has affected more from the income of Turkey rather than the relative prices. When income and price elasticity of export and import demands were analyzed, income and price elasticity of the export demand was noticed as being greater than the income and price elasticity of the import demand.
JEL codes: F14, C32
Yayar, Rüştü, Birol, Yunus Emre, Demir, Yusuf (2013). "Analysis of Turkey’s Export and Import Demand Functions within the Context of Foreign Trade with Russia" in Proceedings of International Conference of Eurasian Economies 2013, pp.479-485, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00783
Session 6B: Uluslararası Ticaret II
