Emerging Trends in Trade in Turkey

Elma Satrovic

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Document from the year 2019 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 14, Cag University, language: E...

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Document from the year 2019 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 14, Cag University, language: English, abstract: This book consists of the four essays treating the macroeconomic role of the trade openness. In the first essay, we have explored the trade openness-human development nexus by employing VECM in the period 1990-2017. The second chapter employs ARDL to display the evidence on the trade openness-education nexus. However, the second chapter was looking for the answer whether or not the better education can contribute to the trade openness. In the third chapter we have explored the link between trade openness and economic growth while employing the VECM model, and lastly we have explored the link between one of the fastest growing industries in the World (tourism industry) and trade openness. The research aims to give an important insight for the key policy makers in Turkey. It is suggested that in order to increase the trade openness, the policy makers need to make a necessary effort to promote the education and tourism that will lead economic growth and better statistics in terms of HDI.