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Non-oil trade of Turkey and Russia in the Middle East: Trends and potential

Author

Listed:
  • Zeynep KAPLAN

    (Department of Economics, Yildiz Technical University, Istanbul, Turkey.)

  • Feride DOÐANER GÖNEL

    (Department of Economics, Yildiz Technical University, Istanbul, Turkey.)

Abstract

Over the last years Turkey has rediscovered trade opportunities with Middle Eastern countries, enjoying a trade surplus with most of them. As one of the big players in the region, Russia has also experienced remarkable trade relationship with Middle Eastern countries. The purpose of this paper is to analyze the competitiveness and trade pattern of Turkey and Russia in non-oil commodities vis-à-vis Middle Eastern countries using both Revealed Comparative Advantage (RCA) index and Trade Complementarity (TC) index. The paper also aims to examine their role and position as trading actors in the region and lays downs future cooperation opportunities based on main empirical findings.

Suggested Citation

  • Zeynep KAPLAN & Feride DOÐANER GÖNEL, 2018. "Non-oil trade of Turkey and Russia in the Middle East: Trends and potential," Journal of Economics Library, KSP Journals, vol. 5(1), pages 42-58, March.
    • Handle: RePEc:ksp:journ5:v:5:y:2018:i:1:p:42-58
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Turkey; Russia; Middle East; Revealed Comparative Advantage; Trade Complementarity Index; Non-oil trade.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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