Non-oil trade of Turkey and Russia in the Middle East: Trends and potential

Zeynep KAPLAN, Feride DOĞANER GÖNEL

Abstract


Abstract. Over the last years Turkey has rediscovered trade opportunities with Middle Eastern countries, enjoying a trade surplus with most of them. As one of the big players in the region, Russia has also experienced remarkable trade relationship with Middle Eastern countries. The purpose of this paper is to analyze the competitiveness and trade pattern of Turkey and Russia in non-oil commodities vis-à-vis Middle Eastern countries using both Revealed Comparative Advantage (RCA) index and Trade Complementarity (TC) index. The paper also aims to examine their role and position as trading actors in the region and lays downs future cooperation opportunities based on main empirical findings.

Keywords. Turkey, Russia, Middle East, Revealed Comparative Advantage, Trade Complementarity Index, Non-oil trade.

JEL. F13, F14, L60.


Keywords


Turkey; Russia; Middle East; Revealed Comparative Advantage; Trade Complementarity Index; Non-oil trade.

Full Text:


References


Ahrend, R. (2004). Russian Industrial Restructuring: Trends in Productivity, Competitiveness and Comparative Advantage. OECD Working Paper, No. 408 Access: 09.02.2017. doi. 10.1787/148133273748

Aldan, A., & Çulha, O.Y. (2016). The role of the extensive margin in export of Turkey: A comparative analysis. Central Bank Review, 16(2), 59-64. 10.1016/j.cbrev.2016.05.002

Aydın, F., Saygılı, H., & Saygılı, M. (2007). Empirical analysis of structural change in Turkish exports. The Central Bank of the Republic of Turkey, Working Paper, No.07/08. Access: 12.02.2017. [Retrieved from].

Bashimov, G. (2015). Revealed comparative advantage of Turkish cotton sector. International Research Journal of Social Sciences, 4(7), 16-18.

Belobrov, Y.Y., Volodin, A.G., Kozyrev, N.I., Lankin, Y.V., Sazhin., & Yurtaev, V.I. (2014). Modern Russian-Iranian relations: Challenges and opportunities. RIAC-Russian International Affairs Council, Working Paper, No. 14. [Retrieved from].

Civan, A., Genc, S., Taser, D., & Atakul, S. (2013). The effect of new Turkish foreign policy on international trade. Insight Turkey, 15(3), 107-122.

Di Bella, G., Dynnikova, O., Chebotareva, N., Chernisheva, T., Kyobe, A., & Painchaud, F. (2016). Russian Federation: Selected issues, IMF Country Report No.16/230. Access: 27.01.2017. [Retrieved from].

Drobyshevsky, S. (2016). Russia: Prospects for growth and convergence, THINK TANK 20: Growth, convergence and income distribution: The road from the Brisbane G-20 Summit. Access: 27.01.2017. [Retrieved from].

Eken, S., & Schadler, S. (2012). Turkey 2000-10: A decade of transition- discussions among experts, Turkey in global economy series, 783-2012/1-b1, DEIK Publications. [Retrieved from].

Ekmen-Ozçelik, S., & Erlat, G. (2013). What can we say about Turkey and its competitors in the EU market? An analysis by extensive and intensive margins. Topics in Middle Eastern and African Economies, 15(1), 186-210.

Erlat, G., & Erlat, H. (2012). The comparative advantage of Turkish exports vis-a vis the European Union and OECD Countries, 1990-2000. Ekonomik Yaklaşım, 23, 77-106.

Garanina, O. (2008). What Beyond Oil and Gas? Russian Trade Specialization in Manufactures. Bank of Finland (BOFIT) Discussion Papers, No.23. doi. 10.1080/14631370802663596

Habibi, N. (2012). Turkey and Iran: Growing Economic Relations Despite Western Sanctions. Middle East Brief, Crown Center for Middle East Studies, No.62 Access: 14.02.2017. [Retrieved from].

Habibi, N., & Walker, J.W. (2011). What is Driving Turkey’s Reengaggement with the Arab World?. Middle East Brief, Crown Center for Middle East Studies, No. 49. Access: 12.02.2017. [Retrieved from].

Herrero, A.G., & Xu, J. (2016). The China-Russia trade relationship and its impact on Europe, Bruegel Working Paper, No.4. Access: 17.02.2018. [Retrieved from].

IMF, (2014). The diversification toolkit: Export diversification and quality databases, Spring. Access: 26.01.2017. [Retrieved from].

Ishchukova, N., & Smutka, L. (2013). Revealed Comparative Advantage of Russian Agricultural Exports. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, LXI(4), 941-952. doi. 10.11118/actaun201361040941

Karaalp, H.S., & Yılmaz, N.D. (2012). Assessment of trends in the comparative advanatage and competitiveness of the Turkish textile and clothing industry in the Enlarged EU Market. Fibres and Textiles in Eastern Europe, 3(92), 8-11.

Karaalp, H.S. (2011). Competitiveness of Turkey in Euroasia: A comparison with CIS countries. China-USA Business Review, 10(9), 727-744.

Kösekahyaoğlu, L. (2003). Comparative advantage of Turkey with regard to the EU. Süleyman Demirel Üniversitesi, İİBF Dergisi, 8(2), 147-156.

Makeeva, A., & Chaplygina, A. (2008). Russian trade policy, ECO-ACCORD Center for Environment and Sustainable Development. December, Moscow. [Retrieved from].

Munir, K., & Sultan, M. (2016). Export performance with border sharing countries: An assessment of Pakistan. MPRA Paper No.69535. Access: 02.03.2017. [Retrieved from].

Naaz, F. (2008). Turkey and the Middle East in the 1990s. Strategic Analysis, 23(9), 1549-1560. doi. 10.1080/09700169908455142

Naumkin, V. et al (2013). Russia and the Greater Middle East, RIAC Russian International Affairs Council, No.9. [Retrieved from].

Raghuramapatruni, R. (2015). Revealed Comparative Advantage and Competitiveness: A Study on BRICS. Arabian Journal of Business and Management Review, 5(5), 1-7. doi. 10.4172/2223-5833.1000152

Savin, I., & Winker, P. (2009). Forecasting Russian foreign trade comparative advantages in the context of a potential WTO accession. MAGKS Joint Discussion Paper, No.14. Access: 09.02.2017. [Retrieved from].

Tabata, S. (2006). Observations on changes in Russia's comparative advantage, 1994-2005. Eurasian Geography and Economics, 47(6), 747-759. doi. 10.2747/1538-7216.47.6.747

Tür, Ö. (2011). Economic relations with the Middle East under the AKP - Trade, busisness community and reintegration with Neighboring Zones. Turkish Studies, 12(4), 589-602. doi. 10.1080/14683849.2011.622515

Türkiye İhracatçılar Meclisi - TİM (2016). Economy and foreign trade report 2016. İstanbul. Access: 12.02.2017. [Retrieved fom].

World Bank, (2013). Russian Federation - Export diversification through competition and innovation: A policy agenda, Report No.68447-RU, Washington DC: World Bank. [Retrieved from].

World Bank (2014). New World Bank report looks at Turkey’s rise to the threshold of high-income status and the challenges remaining. Press Release, December 10, Istanbul. Access: 26.01.2017. [Retrieved from].




DOI: http://dx.doi.org/10.1453/jel.v5i1.1589

Refbacks

  • There are currently no refbacks.


.......................................................................................................................................................................................................................................................................................................................................

Journal of Economics Library - J. Econ. Lib. - JEL - www.kspjournals.org

ISSN: 2149-2379

Editor: jel@ksplibrary.org Secretarial: secretarial@ksplibrary.org   Istanbul - Turkey.

Copyright © KSP Library