INVESTIGATION OF SYMMETRIC AND ASYMMETRIC CAUSALITY OF KNITTED GARMENT FOREIGN TRADE BETWEEN TURKEY AND GERMANY

Year 2019, , 836 - 850, 24.03.2019

Yusuf Esmer Ahmet Özbek Mustafa Kırca

https://doi.org/10.33692/avrasyad.543713

Abstract

Turkey and Germany are the two most important exporters of knitted garments in the
world. Germany is also an important knitted garment export market for Turkey. İn this respect,
knitted garment trade between Germany and Turkey has a strategic importance that should be
managed strategically. Therefore, determining the causality of knitted garment trade between
Turkey and Germany will contribute to the strategic management of foreign trade. The aim of
this study is to determine the symmetric and asymmetric causality of knitted garment trade
between Turkey and Germany using the two countries’ knitted garment export data. Results
show that changes in Turkey's knitted garment export affects Germany’s knitted garment export
but that changes in Germany’s knitted garment export does not lead to a change in Turkey’s
export. This result indicates that knitted garment trade between Germany and Turkey is more
advantageous for Turkey and confirms that Germany is an important knitted garment export
market for Turkey. On the other hand, the top 5 countries that Turkey exports most knitted
garment products are Germany, United Kingdom, Spain, Iraq and Holland while the top 5
countries that Germany exports most knitted garment products are Switzerland, Austria, France,
Holland and Poland. In conclusion, we believe that the results of this study will provide foreign
trade managers with important information on the strategic management of knitted garment
foreign trade. 

Keywords

Knitted Garment Export, Foreign Trade, Strategic Management of Foreign Trade, Causality, Turkey

References

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