REVEALED COMPARATIVE ADVANTAGE INDEX: TRADE BETWEEN THE EU AND TÜRKIYE FOR ALL PRODUCT
REVEALED COMPARATIVE ADVANTAGE INDEX: TRADE BETWEEN THE EU AND TÜRKIYE FOR ALL PRODUCT

Author(s): Onur Akkaya
Subject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: production; custom union; EU; Türkiye
Summary/Abstract: This study delves into the dynamics of trade between the European Union (EU) and Türkiye, employing the Revealed Comparative Advantage (RCA) theory as its analytical framework Focusing on the period from the fourth quarter of 2022 to the fourth quarter of 2023, the research offers a comprehensive analysis of bilateral trade relations at the All Product level. During the specified timeframe, the EU and Türkiye have navigated a multitude of economic and geopolitical factors, influencing the nature and patterns of their trade interactions. Against this backdrop, the RCA theory provides a valuable lens for understanding the comparative advantages each party possesses in their trade relationship. Through rigorous analysis of All Product level data, this study examines the trade flows, export structures, and comparative advantage indices of both the EU and Türkiye across various sectors and product categories. By calculating revealed comparative advantage indices, the research identifies the specific sectors where each party demonstrates a comparative advantage in trade. The findings of this study shed light on the intricacies of trade dynamics between the EU and Türkiye. Analysis at the All Product level offers a comprehensive understanding of the evolving specialization patterns and changes in comparative advantages over the specified period. Moreover, the research explores the implications of these findings for future trade relations between the EU and Türkiye. This research contributes significantly to the literature on EU-Türkiye trade relations by offering a detailed analysis based on All Product level data. The insights derived from this study hold valuable implications for policymakers, economists, and stakeholders involved in shaping the trajectory of bilateral trade cooperation and integration between the EU and Türkiye.

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