The Effects of the Customs Union on Trade Between Turkey and European Union

Year 2017, Volume: 8 Issue: 1 - Cilt 8, Sayı 1, 1 - 18, 21.06.2017

Emrah Eray Akça , Harun Bal , Mirza Çağlayan

Abstract

Abstract: In this study,
the effects of the Customs Union on the foreign trade between European Union
and Turkey were analyzed using 1980-2015 period data. According to the
co-integration test results of the export and import models, CU positively
affects both Turkey's exports to the EU and its imports from EU. The overall
results of the study show that the CU has trade creation effect; however this
effect is very limited. Examination of the market share of Turkey's total
exports after joining the CU shows that the decrease of EU's share and the
increase of the exports to third country markets is an indicator of the fact
that CU is not a trade diversion effect for Turkey.

Keywords: Economic
Integrations, Customs Union, European Union, Turkey, Foreign Trade.

Keywords

iktisadi

References

• Referans
• Akın, T. ve Arı, Ö. (2007), “Gümrük Birliği’nin Türkiye ekonomisine etkileri”, Journal of Soc. & Appl. Sci, 3(5): 87-88.