Turkey's International Trade by Sea and the Relationship with Economic Growth

Elif Meryem Yurdakul

Article Details

Turkey's International Trade by Sea and the Relationship with Economic Growth

Authors:

Elif Meryem Yurdakul

Publisher:

Ordu University

Main Topics:

Maritime Business Administration | Maritime Transportation Engineering | Maritime Engineering (Other)

Journal:

Turkish Journal of Maritime and Marine Sciences Vol.9 Issue 1, pp.22-29

Document Type:

Article

Publication Date:

1/2023

Document Language:

Turkish

Document ID (Org No.):

2001289632

pISSN:

2564-7016

Keywords:

Abstract:

 The most preferred mode of transportation among the international transportation modes in Turkey and in the world is maritime transportation. A significant part of world trade is carried out by sea. The reason why the sea route is preferred more than other transportation modes; low cost and easy transportation of large quantities of goods. In addition, materials transported by sea include both production and end-use products. The use of maritime transport, which is preferred due to its cost advantage, in international trade, is also effective on economic growth. In this study, the relationship between seaborne exports and imports and economic growth in Turkey has been examined. For this purpose, ARDL limit test was applied. Based on the data for Turkey between the years 2013-2021, a long-term relationship has been determined between economic growth, export by sea, and import by sea. According to the results obtained, a positive relationship was found between export by sea and economic growth, and a negative relationship between import by sea and economic growth. In the model tested for the Turkish economy, it was concluded that the long-term transport of international trade by sea has an effect on economic growth.

 The most preferred mode of transportation among the international transportation modes in Turkey and in the world is maritime transportation. A significant part of world trade is carried out by sea. The reason why the sea route is preferred more than other transportation modes; low cost and easy transportation of large quantities of goods. In addition, materials transported by sea include both production and end-use products. The use of maritime transport, which is preferred due to its cost advantage, in international trade, is also effective on economic growth. In this study, the relationship between seaborne exports and imports and economic growth in Turkey has been examined. For this purpose, ARDL limit test was applied. Based on the data for Turkey between the years 2013-2021, a long-term relationship has been determined between economic growth, export by sea, and import by sea. According to the results obtained, a positive relationship was found between export by sea and economic growth, and a negative relationship between import by sea and economic growth. In the model tested for the Turkish economy, it was concluded that the long-term transport of international trade by sea has an effect on economic growth.

 The most preferred mode of transportation among the international transportation modes in Turkey and in the world is maritime transportation. A significant part of world trade is carried out by sea. The reason why the sea route is preferred more than other transportation modes; low cost and easy transportation of large quantities of goods. In addition, materials transported by sea include both production and end-use products. The use of maritime transport, which is preferred due to its cost advantage, in international trade, is also effective on economic growth. In this study, the relationship between seaborne exports and imports and economic growth in Turkey has been examined. For this purpose, ARDL limit test was applied. Based on the data for Turkey between the years 2013-2021, a long-term relationship has been determined between economic growth, export by sea, and import by sea. According to the results obtained, a positive relationship was found between export by sea and economic growth, and a negative relationship between import by sea and economic growth. In the model tested for the Turkish economy, it was concluded that the long-term transport of international trade by sea has an effect on economic growth.

 Türkiyede ve dünyada uluslararası taşımacılık modları arasında en fazla tercih edilen taşıma modu, denizyolu taşımacılığıdır. Dünya ticaretinin önemli bir kısmı deniz yoluyla yapılmaktadır. Deniz yolunun diğer taşıma modlarına göre daha fazla tercih edilmesinin nedeni; düşük maliyetli olması ve büyük miktarda malların kolay taşınmasıdır. Ayrıca deniz yoluyla taşınan malzemeler hem üretim hem de nihai kullanım ürünlerini kapsamaktadır. Maliyet avantajı nedeniyle tercih edilen deniz yolu taşımacılığının uluslararası ticarette kullanılması, ekonomik büyüme üzerinde de etkilidir. Çalışmada Türkiyede deniz yoluyla gerçekleşen ihracat ve ithalatın ekonomik büyüme ile olan ilişkisi incelenmiştir. Bu amaçla ARDL sınır testi uygulanmıştır. Türkiye için 2013-2021 yılları arasındaki verilerinden hareketle ekonomik büyüme, deniz yoluyla ihracat, deniz yoluyla ithalat arasında uzun dönemli ilişki tespit edilmiştir. Elde edilen sonuçlara göre deniz yoluyla ihracat ile ekonomik büyüme arasında pozitif, denizyoluyla ithalat ile ekonomik büyüme arasında ise negatif yönlü bir ilişki saptanmıştır. Kısa dönem katsayılarının uzun dönem katsayıları ile tutarlı olduğu gözlemlenmiştir. Türkiye ekonomisi için test edilen modelde, uzun dönemde uluslararası ticaretin denizyoluyla taşınmasının ekonomik büyüme üzerinde etkisi olduğu sonucuna ulaşılmıştır.

Article Details

Turkey's International Trade by Sea and the Relationship with Economic Growth

Authors:

Elif Meryem Yurdakul

Publisher:

Ordu University

Main Topics:

Maritime Business Administration | Maritime Transportation Engineering | Maritime Engineering (Other)

Journal:

Turkish Journal of Maritime and Marine Sciences Vol.9 Issue 1, pp.22-29

Document Type:

Article

Publication Date:

1/2023

Document Language:

Turkish

Document ID (Org No.):

2001289632

pISSN:

2564-7016

Trade by Sea

International Trade

ARDL Boundary Test

Economic GrowthDeniz Yoluyla Ticaret

Uluslararası Ticaret

ARDL Sınır Testi

Ekonomik Büyüme

Issues

Article Details

Authors: Elif Meryem Yurdakul

Publisher: Ordu University

Main Topics: Maritime Business Administration | Maritime Transportation Engineering | Maritime Engineering (Other)

Journal: Turkish Journal of Maritime and Marine Sciences Vol.9 Issue 1, pp.22-29

Document Type: Article

Publication Date: 1/2023

Document Language: Turkish

Document ID (Org No.): 2001289632

pISSN: 2564-7016

Issues

Authors:

Elif Meryem Yurdakul

Publisher:

Ordu University

Main Topics:

Maritime Business Administration | Maritime Transportation Engineering | Maritime Engineering (Other)

Journal:

Turkish Journal of Maritime and Marine Sciences Vol.9 Issue 1, pp.22-29

Document Type:

Article

Publication Date:

1/2023

Document Language:

Turkish

Document ID (Org No.):

2001289632

pISSN:

2564-7016