Effects Of Imported Goods On Export And Import Of Turkey

This study aims at analysing effects of intermediate goods, capital goods and consumer goods on both import and export, and at determining the subsector led to deficits of balance of payments. To achieve this, various statistical techniques have been applied. To carry out the present study, data reported by the Central Bank of Turkey were used in the time period of 2000–2013.These results revealed that the economic factors (intermediate, capital, consumer goods) are significantly effective on the deficits of balance of payments. The analysis also showed that the corresponding imported goods are effective parameters onboth import and export. Contrary to common expectation, it is concluded that the deficits of balance of payments in the external trade of Turkey stem from the imports of the consumer goods. This study reveals that the policies should be created to encourage the decreasing of the items caused the deficits. It is important to note that our findings are usually in agreement with the literature. Possibility of countries’ involvement into economic crises can be determined before the crises take place and the countries will be therefore warned according to the results obtained. All graphical and statistical results here have been produced by the authors through EViews 7.1.