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Original scientific paper

Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries

Mustafa Akal ; Sakarya University, Faculty of Economic and Administrative Sciences, Economics Department, Esentepe Kampusu, Adapazari, Turkey

Fulltext: english, pdf (480 KB) pages 29-40 downloads: 249* cite
APA 6th Edition
Akal, M. (2010). Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries. Zagreb International Review of Economics & Business, 13 (1), 29-40. Retrieved from https://hrcak.srce.hr/78709
MLA 8th Edition
Akal, Mustafa. "Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries." Zagreb International Review of Economics & Business, vol. 13, no. 1, 2010, pp. 29-40. https://hrcak.srce.hr/78709. Accessed 7 Jun. 2020.
Chicago 17th Edition
Akal, Mustafa. "Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries." Zagreb International Review of Economics & Business 13, no. 1 (2010): 29-40. https://hrcak.srce.hr/78709
Harvard
Akal, M. (2010). 'Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries', Zagreb International Review of Economics & Business, 13(1), pp. 29-40. Available at: https://hrcak.srce.hr/78709 (Accessed 07 June 2020)
Vancouver
Akal M. Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries. Zagreb International Review of Economics & Business [Internet]. 2010 [cited 2020 June 07];13(1):29-40. Available from: https://hrcak.srce.hr/78709
IEEE
M. Akal, "Explaining and Testing Structural Break of Relative Trade of Turkey with European Union Countries", Zagreb International Review of Economics & Business, vol.13, no. 1, pp. 29-40, 2010. [Online]. Available: https://hrcak.srce.hr/78709. [Accessed: 07 June 2020]

Abstracts
This study explains and tests structural break of Turkey’s relative trade with the European Union countries for the period of 1982-2007. As a result, the data indicated the evidence of structural break and alternating elasticities’ signs in estimations based upon error component model. After (Before) Turkey being the member of the ECU a percentage increase in all the relative foreign income, Turkish TOT, real exchange simultaneously and a unit increase in trend is found improving (decreasing) the relative trade about 0.135 (0.78) percentage in total. However, the dynamic fixed effect model did not validate the evidence of structural break. This implies individual differences matter in relative trade not to face structural break.

Keywords
relative trade; elasticity; Turkey and EU; panel data; testing structural break

Hrčak ID: 78709

URI
https://hrcak.srce.hr/78709

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