Import Surveillance and Over Invoicing of Imports in Turkey
AbstractTurkey has been implementing import surveillance measures in order to protect its industry from unfair price cuts. One possible impact of the import surveillance mechanism is over invoicing of imports in order to avoid surveillance procedures since the procedures are applied to goods with prices under a predefined reference price. In this paper, we investigate whether import surveillance mechanism causes rise in the import figures due to over invoicing. We extend the mirror statistics methodology with panel data techniques using a highly disaggregated data set. Our results suggest that, import surveillance mechanism causes over invoicing and that import figures of Turkey are inflated by around 2 to 3 billion dollars as of 2011.
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Bibliographic InfoPaper provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its series Working Papers with number 1301.
Date of creation: 2013
Date of revision:
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Mirror statistics; International trade statistics; import surveillance; net errors and omissions; Turkey; China;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
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