Abstract:

The aim of this study is to diversify the country-based sectoral exports of Turkey and identify the key factors affecting the sectoral exports. In accordance with this objective, in the diversification of sectoral exports of Turkey based on the country, the Entropi Index has used the method of Poisson Pseudo Maximum Possibility (PPML) to determine the key factors affecting sectoral exports. In the study, the total export data covering 10 sectors classified in the SITC Rev4 level 1 of the period 2010-2019, the GDP of Turkey and the importing countries, the distances of the importing countries from Turkey, the real exchange rate index of Turkey, the annual panel data were used. According to the diversification analysis, 8 of 10 sectors exported in recent years have been identified as a diversification in the country. As the average export range increases, the result is that the average export diversity index also increases. The PPML analysis concluded that the sectoral export of Turkey, the country’s export partner, is sensitive to the gap between the GDP and the countries, the real exchange rate index and the influence of the GDP of Turkey has changed on the sectoral basis.

Abstract:

The aim of this study is to ascertain diversification Turkey's sectoral exports' on a country basis and the main factors affecting the sectoral exports. In accordance with this purpose, it was used the Entropy Index for the diversification of Turkey's sectoral exports' on a country basis, the Poisson Pseudo Maximum Likelihood (PPML) method for determine the main factors affecting sectoral exports. Total export data of covers the 2010-2019 period in 10 sector classified in SITC Rev4 Digit 1 and the GDP of Turkey and importer countries, the distance of importing countries from Turkey, Turkey's real exchange rate index annual panel data were used in the study. According to the diversification analysis, it was determined that there has been country diversification in 8 out of 10 sectors exported in recent years. It was also concluded that as the average export range increases, the average export diversity index also increases. As a result of PPML analysis, Turkey's sectoral exports are sensitive export partner's GDP and to the distance between countries, and that the effect of the real exchange rate index and Turkey's GDP varies on a sectoral basis.

Keywords: