CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?

This paper examines the impact of co-operation between Turkey and the US upon Turkish trade and investments towards the Black Sea region. The study is particularly important in the conjuncture of the US withdrawal from the Transatlantic Trade and Investment Partnership (TTIP) and in the wake of s...

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Autor principal:	Sedat AYBAR
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2017
Materias:	trade gravity model turkey us black sea countries International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/971b76954cbb4b118ae14dd5d2bbb0da
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spelling	oai:doaj.org-article:971b76954cbb4b118ae14dd5d2bbb0da2021-11-07T14:45:01ZCAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?2542-02402587-932410.23932/2542-0240-2017-10-2-34-49https://doaj.org/article/971b76954cbb4b118ae14dd5d2bbb0da2017-11-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/27https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324This paper examines the impact of co-operation between Turkey and the US upon Turkish trade and investments towards the Black Sea region. The study is particularly important in the conjuncture of the US withdrawal from the Transatlantic Trade and Investment Partnership (TTIP) and in the wake of signing a free trade agreement with the EU. An additional matter of importance relates to the improved Turkey – Russia economic collaboration especially after the “jet” incident and American involvement with the Middle East. Significant part of the latter is economic as the US has also explicit economic interests in the Eastern Meditteranean. A gravity model has been employed using ordinary least squares on a panel data with fixed effects to analyse aggregate trade. We have also categorized export groups of Turkey and the US separately. Our findings for both Turkish and the US exports indicate that per-capita GDP of Black Sea countries are highly persistent and positively correlated with increased efficiency gains and trade volumes. Regression results show that the US exports to the EU member countries are on average less than to those non-EU member Black Sea countries. Hence, we question whether a possible co-operation between the US and Turkish companies can help gaining better access to the Black Sea market for their exports.Sedat AYBARАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articletradegravity modelturkeyusblack sea countriesInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 10, Iss 2, Pp 34-49 (2017)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	trade gravity model turkey us black sea countries International relations JZ2-6530
spellingShingle	trade gravity model turkey us black sea countries International relations JZ2-6530 Sedat AYBAR CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
description	This paper examines the impact of co-operation between Turkey and the US upon Turkish trade and investments towards the Black Sea region. The study is particularly important in the conjuncture of the US withdrawal from the Transatlantic Trade and Investment Partnership (TTIP) and in the wake of signing a free trade agreement with the EU. An additional matter of importance relates to the improved Turkey – Russia economic collaboration especially after the “jet” incident and American involvement with the Middle East. Significant part of the latter is economic as the US has also explicit economic interests in the Eastern Meditteranean. A gravity model has been employed using ordinary least squares on a panel data with fixed effects to analyse aggregate trade. We have also categorized export groups of Turkey and the US separately. Our findings for both Turkish and the US exports indicate that per-capita GDP of Black Sea countries are highly persistent and positively correlated with increased efficiency gains and trade volumes. Regression results show that the US exports to the EU member countries are on average less than to those non-EU member Black Sea countries. Hence, we question whether a possible co-operation between the US and Turkish companies can help gaining better access to the Black Sea market for their exports.
format	article
author	Sedat AYBAR
author_facet	Sedat AYBAR
author_sort	Sedat AYBAR
title	CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
title_short	CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
title_full	CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
title_fullStr	CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
title_full_unstemmed	CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?
title_sort	can turkish and us co-operation in the black sea region increase efficiency gains?
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2017
url	https://doaj.org/article/971b76954cbb4b118ae14dd5d2bbb0da
work_keys_str_mv	AT sedataybar canturkishanduscooperationintheblacksearegionincreaseefficiencygains
_version_	1718443371633049600

CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?

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