Sectoral exports dynamics of Turkey: Evidence from panel data estimators


Güloğlu B. , BAYAR G.

JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, vol.25, no.7, pp.959-977, 2016 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 25 Issue: 7
  • Publication Date: 2016
  • Doi Number: 10.1080/09638199.2016.1157886
  • Title of Journal : JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT
  • Page Numbers: pp.959-977

Abstract

This study aims to determine the most important factors affecting sectoral exports dynamics of Turkey and to estimate sectoral exports elasticities. It then relates sectoral elasticities to factor and technology intensities. The study uses three recent panel data estimators, Mean Group, AugmentedMean Group and Common Correlated Effects Mean Group estimators, all of which take into consideration slope heterogeneity and the last two also taking into consideration cross-sectional dependency. The results obtained show that foreign demand and productivity are important determinants of Turkish exports. In addition, sectoral elasticities vary across sectors, tending to be greater in some sectors where factor and technology intensities are the main distinctive features.