Proceedings of the New York State Economics Association


Turkey's Rising Imports from BRICS: A Gravity Model Approach

Gonul Dincer

vol. 7, October 2014, p. 50-61


The share of BRICS countries in the world trade is significantly rising for more than a decade and it was approximately 3 percent in 1980, 6 percent in 2000 and 16 percent in 2013 in the total world imports. The same rising pattern of BRICS is also being seen in Turkey's trade since early 2000s. In this study, the imports of Turkey from BRICS are analyzed using an augmented gravity model over the period 2002-2012. The results indicate that the basic gravity variables are consistent with the theory. Furthermore, R&D expenditures in Turkey is negatively correlated with Turkey's imports from BRICS countries whereas R&D expenditures in BRICS countries are positively correlated.


suggested citation:

Gonul Dincer. "Turkey's Rising Imports from BRICS: A Gravity Model Approach." Proceedings of the New York State Economics Association. vol. 7, October 2014, p. 50-61

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