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Impact Of Covid-19 Pandemic On Turkey'S Exports To Major Trade Partners: Gravity Model Approach

Author

Listed:
  • Şukran Kahveci

    (İstanbul Gelişim Universitesi)

  • Asiye Tutuncu

    (KASTAMONU UNIVERSITY)

Abstract

This study aims to examine the effects of the Covid-19 epidemic, which has affected the whole world, on Turkiye's exports with the gravity model. In this context, the export level between Turkey and its top 10 export partners was examined for the monthly period 2020:03-2021:12. In the gravity model analysis, the number of Covid-19 cases in the exporter and partner countries and the number of deaths due to the number of cases were included in the analysis, and the effect of Covid-19 on the export level was investigated with the High Dimensional Fixed Effect PPML (PPMLHDFE) estimator. Empirical findings obtained in the study show that the increase in the number of Covid-19 cases in the exporting country affects exports negatively, while the increase in the number of cases in the partner country and the number of deaths due to Covid-19 affects exports positively. Accordingly, at the export level, increasing Covid-19 cases in the exporting country causes a negative effect, while increasing Covid-19 cases in the partner country causes a positive effect.

Suggested Citation

  • Şukran Kahveci & Asiye Tutuncu, 2024. "Impact Of Covid-19 Pandemic On Turkey'S Exports To Major Trade Partners: Gravity Model Approach," Ekonomi Maliye Isletme Dergisi, Adil AKINCI, vol. 7(1), pages 37-53, July.
    • Handle: RePEc:gnx:emid43:2024-7-1-1408781
    DOI: 10.46737/emid.1408781
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    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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