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Development of European Union and China Bilateral Trade After The 2008 Financial Crisis: A Cluster Analysis

Author

Listed:
  • Serkan TASTAN

    (Department of Management and Information Systems Cumhuriyet University, Sivas, Turkey.)

  • Halil OZEKICIOGLU

    (Department of Labor Economics and Industrial Relations, Cumhuriyet University, Sivas, Turkey)

Abstract

China and European Union are two economic zones realizing a significant part of the world trade. These two economic zones have been subject to shrinkage after the 2008 crisis. The objective of this article is to reveal the status of foreign trade of both economic zones after the 2008 crisis by means of cluster analysis. In light of both export and import data, the countries are collected in three clusters and the only difference observed in cluster structures is that England is placed in the third cluster with Belgium, France, Netherlands, Spain and Italy in terms of export.

Suggested Citation

  • Serkan TASTAN & Halil OZEKICIOGLU, 2014. "Development of European Union and China Bilateral Trade After The 2008 Financial Crisis: A Cluster Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 4(2), pages 336-343.
  • Handle: RePEc:eco:journ1:2014-02-10
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    References listed on IDEAS

    as
    1. Hölscher, Jens & Marelli, Enrico & Signorelli, Marcello, 2010. "China and India in the global economy," Economic Systems, Elsevier, vol. 34(3), pages 212-217, September.
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    More about this item

    Keywords

    Trade Flows; Bilateral Trade; Cluster Analysis;

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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