Research Information System
16th International Conference of MEEA, Ankara, Turkey, 18 - 20 May 2017, pp.1
With the decisions of January 24, 1980, the Turkish economy adopted an open and export-based industrialization strategy. After these decisions, significant developments have been experienced by Turkey both in the exported products and export markets. For example, the export structure to the heavily-weighted European Union countries has recently changed in favour of the Middle East and Asian countries. Therefore, it is important to investigate the relationship between Turkey's regional exports and economic growth.
The aim of this study is to reveal the relationship between Turkey's regional exports and economic growth through causality analysis. In the study, Toda-Yamamoto causality analysis will be carried out using the quarterly data obtained from the Turkish Statistical Institute (TUIK) from 1998Q1 to 2016Q2. According to findings of the study, there is bidirectional causality between Turkey’s exports to Middle East countries and its economic growth.
Despite of Turkey's significant advantages from the diversity of export markets in recent years, it is important that Turkey’s export markets must be economically and politically stable.