The Level and Structure of Turkey’s Intra-Industry Trade with Countries of Organization of The Black Sea Economic Cooperation

Authors : Hamza ÇEŞTEPE, Havanur ERGÜN, Selcen ZORLU

Pages : 343-362

View : 38 | Download : 11

Publication Date : 2017-06-30

Article Type : Research Paper

Abstract :In this study, intra-industry trade (IIT) level and structure between Turkey and Organization of the Black Sea Economic Cooperation (BSEC), which is a regional development movement which Turkey led its establishment and has recently tried to revive, have been analyzed. In the study, Grubel-Lloyd (GL) index, most widely used in the measurement of IIT, is used. According to the calculations made by using SITC classification foreign trade data for 20072014, it is observed that Turkey’s intra-industry trade with this region is low according to GL index. In the specified period, intra-industry trade-intense industries are beverages and tobacco, machinery and transport equipment and chemicals industries. Besides, manufactured goods classified chiefly by material and miscellaneous manufactured articles industry have relatively higher intra-industry trade. As in other countries of the region, Turkey`s increasing intra-industry level with this region which is low will be one of the important factors in inversion to a more advanced level of regional integration. 
Keywords : Intra industry Trade, Black Sea Economic Cooperation, GrubelLloyd GL Index, Regional Integration

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