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Determinants of Bilateral Trade between Europeans and the Ottoman Empire: 1878-1913

Author

Listed:
  • Meryem Turel

    (Kocaeli University, Department of Economics)

  • Kazim Baycar

    (Yildiz Technical University, Department of Economics)

Abstract

During the 19th century, the Ottoman Empire experienced an increased integration into the world economy, primarily through the development of bilateral trade with European markets. This study examines the determinants of bilateral trade of the Ottoman Empire with its trading partners between 1878 and 1913 using a panel regression framework. The results indicate that the GDP of trading partners, distance, common borders, and the adoption of the metric system significantly affected bilateral trade. In contrast, the GDP of the Ottoman Empire, trade agreements, railways, and commercial ports had no statistically significant effects on the mentioned trade relations.

Suggested Citation

  • Meryem Turel & Kazim Baycar, 2022. "Determinants of Bilateral Trade between Europeans and the Ottoman Empire: 1878-1913," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 8(2), pages 81-91, December.
    • Handle: RePEc:ana:journl:v:8:y:2022:i:2:p:81-91
    DOI: 10.22440/wjae.8.2.3
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    References listed on IDEAS

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    More about this item

    Keywords

    Ottoman Empire; Nineteenth century; Foreign trade; Gravity model of trade;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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