International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1494
Status : Paper published
Language : English
Topic : Macroeconomics
Presenter: Asst. Prof. Dr. Naime İrem Duran
Session : 2A Growth
International Trade and Macro-Economic Policy in Eurasian Economies
International Trade and Macro-Economic Policy in Eurasian Economies
- Asst. Prof. Dr. Naime İrem Duran (Istanbul Beykent University, Türkiye)
- Prof. Dr. Sudi Apak (Esenyurt University, Türkiye)
- Prof. Dr. Selahattin Sarı (Doğuş University, Türkiye)
Abstract
International trade is defined the exchange of goods, services, and capital among various countries and regions. Also the potential of imports and exports account for an important part of growth. On the other hand, total value of international trade in goods and services shows the countries’ integration into the world economy. In this paper we focused on to analyze the effects on imports and make inferences for Eurasian Countries. In this paper we aim to examine the relationship between imports and macro-economic indicators in 6 Eurasian economies. To analyze the relationship, we used panel data regression analysis. Data obtained from World Bank. The panel data covers 1996-2012 periods and 6 countries which named Kazakhstan, Russian Federation, Uzbekistan, Kyrgyz Republic, Azerbaijan and Turkmenistan. We predicted pooled, fixed effects and random effects panel data models using the Stata and analyzed them. The dependent variable is defined the imports in our model. It has been found that gross domestic savings, foreign direct investments and, and exports are statistically significant for this countries. The results found in this paper show that gross domestic savings has negative effects on imports. On the other hand, for this 6 countries foreign direct investments (inflow) and exports have positive effects on imports as we expected. It shows us the economic positions of Eurasian countries still depend on Russian Federation. Also, these findings have important policy implications for Eurasian Countries. Our interpretation of these findings is that, integration to world economy has generally positive effects on foreign direct investments for this countries.
JEL codes: F10, F13, C23
Duran, Naime İrem, Apak, Sudi, Sarı, Selahattin (2016). "International Trade and Macro-Economic Policy in Eurasian Economies" in Proceedings of International Conference of Eurasian Economies 2016, pp.74-76, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01494
