International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 827
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Prof. Dr. Bedriye Tunçsiper
Session : 6B Uluslararası Ticaret II
The Effects of European Debt Crisis on Turkey’s Exports
Avrupa Borç Krizinin Türkiye’nin İhracatı Üzerindeki Etkileri
- Prof. Dr. Bedriye Tunçsiper (İzmir Demokrasi University, Türkiye)
- Ph.D. candidate Ömer Faruk Biçen (Balıkesir University, Türkiye)
Abstract
The crisis that arose in Greece at the last quarter of 2009 affected the countries that have heavily government debt like Spain, Portugal, Italy and Ireland as soon as 2008 Global Financial Crisis originating from USA Mortgage Markets affect European Union (EU) countries under heavily debt burden. The effects of that crisis in the short run are demand shrinking and decrease in export. Turkey, which has important economic relations with EU countries in the last fifty years, is the primary country that can be negatively affected from demand shrinking in Europe. Turkey that indirectly experience 2008 global financial crisis because of the decrease in export volume in Europe also seem fatefully affected in this crisis. This article aims to determine the effects of the crisis to Turkey’s export ampirically in the EU countries that have the lion’s share in the Turkey’s export markets. As well, it is trying to explain whether this crisis affects over-all Europe or not.
JEL codes: C01, E20
Tunçsiper, Bedriye, Biçen, Ömer Faruk (2013). "The Effects of European Debt Crisis on Turkey’s Exports" in Proceedings of International Conference of Eurasian Economies 2013, pp.486-495, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00827
Session 6B: Uluslararası Ticaret II
