Has Turkey a “Special” Trade Relation With the EU? A Gravity-Model Approach

Antonucci, D.; Manzocchi, Stefano

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We apply the gravity model to Turkey’s trade flows over 1967-2001. First, we check whether this model fits Turkey’s geographical pattern of trade in goods. Second, provided that the model works, we assess whether Turkey already has a “special” trade relation with the EU, namely whether merchandise exchanges between the two parties exceed what the gravity approach predicts. The main findings are: i) the gravity model provides a good fit of Turkey’s trade patterns; and ii) despite the 1963 Association agreement, and the customs union launched in 1996, there is no evidence of additional trade between Turkey and the EU.

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Titolo:	Has Turkey a “Special” Trade Relation With the EU? A Gravity-Model Approach
Autori:	D. ANTONUCCI MANZOCCHI, STEFANO mostra contributor esterni nascondi contributor esterni
Data di pubblicazione:	2006
Rivista:	ECONOMIC SYSTEMS
Abstract:	We apply the gravity model to Turkey’s trade flows over 1967-2001. First, we check whether this model fits Turkey’s geographical pattern of trade in goods. Second, provided that the model works, we assess whether Turkey already has a “special” trade relation with the EU, namely whether merchandise exchanges between the two parties exceed what the gravity approach predicts. The main findings are: i) the gravity model provides a good fit of Turkey’s trade patterns; and ii) despite the 1963 Association agreement, and the customs union launched in 1996, there is no evidence of additional trade between Turkey and the EU.
Handle:	http://hdl.handle.net/11385/3245
Appare nelle tipologie:	01.1 - Articolo su rivista (Article)

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