TY  - JOUR
TI  - THE IMPACT OF IMPORTS ON EXPORTS OF TURKEY
AB  - Turkey implemented programme based on import substitution in the 1960s and turned to domestic production and consumption by restrictions on bringing in foreign trade. Following the stagflationary process in the 1970s, Turkey aimed to follow the export-led growth model of the developing countries in the 1980s to reach the developed countries. In this context, the government shifted into export promotion strategy following the progressed made by newly industrialized countries. Accordingly, import restrictions were removed and exports were aimed at increasing. From the 1990s onwards, foreign trade has increased enormously. This increase has continued in the 2000s but imports have permanently increased more than exports. Import dependence of Turkey has risen considerably as a result of the openness of domestic markets. For this reason, imports of capital and intermediate goods have been a critical factor in the development of the Turkey’s economy. The main aim of this study is to examine the causal relationship between export and import. The dependency of import to the export in Turkey tested with a Dynamic Ordinary Least Squares (DOLS) and Fully Modified Ordinary Least Squares (FMOLS) method by using monthly data 1992- 2019 periods. Following empirical findings were reached in the study investigating: There are causality both from export to import and import to export. According to Engle-Granger (1987) test, cointegration has been detected between export and import. As a result of DOLS and FMOLS method made long term analysis, export is highly dependent on import.
AU  - Karabulut, Şahin
DO  - 10.11611/yead.607439
PY  - 2020
JO  - Yönetim ve Ekonomi Araştırmaları Dergisi
VL  - 18
IS  - 1
SN  - 2148-029X
SP  - 76
EP  - 90
DB  - TRDizin
UR  - http://search/yayin/detay/463306
ER  -