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Import Surveillance and Over Invoicing of Imports in Turkey

Author

Listed:
  • Zelal Aktas
  • Altan Aldan

Abstract

Turkey 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.

Suggested Citation

  • Zelal Aktas & Altan Aldan, 2013. "Import Surveillance and Over Invoicing of Imports in Turkey," Working Papers 1301, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  • Handle: RePEc:tcb:wpaper:1301
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    References listed on IDEAS

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    More about this item

    Keywords

    Mirror statistics; International trade statistics; import surveillance; net errors and omissions; Turkey; China;

    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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