AN ANALYSIS OF BILATERAL TRADE RELATION BETWEEN TURKEY AND RUSSIA: CHALLENGES AND OPPORTUNITIES OF RUSSIA-UKRAINE WAR

Gülüzar Kurt Gümüş; Marina Kramskova

Makale detayları

AN ANALYSIS OF BILATERAL TRADE RELATION BETWEEN TURKEY AND RUSSIA: CHALLENGES AND OPPORTUNITIES OF RUSSIA-UKRAINE WAR

Yazarlar:

Gülüzar Kurt Gümüş | Marina Kramskova

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Uluslararası İşletmecilik

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 50, pp.1876-1902

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328694

pISSN:

1303-5495

Anahtar kelimeler:

Özet:

 Purpose: This study examines Turkeys bilateral trade intercourse with Russia in order to identify potentialities and problems for Turkey caused by the Russia-Ukraine War. MethodDesignMethodologyApproach: In the course of the study, with the help of descriptive statistics and calculations of trade indices such as trade intensity and trade complementarity indices, the current state of Russian-Turkish trade was examined. Afterwards, commodity sectors in which supply is expected to fall due to international companies suspension of businesses were identified. Next, the revealed comparative advantage index and its dynamic form were calculated to assess Turkeys potentialities to export commodities of the identified sectors to Russia and to highlight commodities groups where export policy should be improved. Thus, the study considers Russia and Turkey not as competitors, but as partners. Findings: It has been concluded that the countries have tight-connections and, to a certain extent, are dependent on one another. Both Russia and Turkey can benefit from further intensifying bilateral trade and improving partnership in other spheres as well. Originality: There is substantial literature comparing Russia and Turkey with other countries, trade blocks or with each other, mainly these two countries are counterposed from a competition perspective. This article, on the contrary, evaluates how cooperation and bilateral trade can improve the economic situation of both Russia and Turkey.

 Purpose: This study examines Turkeys bilateral trade intercourse with Russia in order to identify potentialities and problems for Turkey caused by the Russia-Ukraine War. MethodDesignMethodologyApproach: In the course of the study, with the help of descriptive statistics and calculations of trade indices such as trade intensity and trade complementarity indices, the current state of Russian-Turkish trade was examined. Afterwards, commodity sectors in which supply is expected to fall due to international companies suspension of businesses were identified. Next, the revealed comparative advantage index and its dynamic form were calculated to assess Turkeys potentialities to export commodities of the identified sectors to Russia and to highlight commodities groups where export policy should be improved. Thus, the study considers Russia and Turkey not as competitors, but as partners. Findings: It has been concluded that the countries have tight-connections and, to a certain extent, are dependent on one another. Both Russia and Turkey can benefit from further intensifying bilateral trade and improving partnership in other spheres as well. Originality: There is substantial literature comparing Russia and Turkey with other countries, trade blocks or with each other, mainly these two countries are counterposed from a competition perspective. This article, on the contrary, evaluates how cooperation and bilateral trade can improve the economic situation of both Russia and Turkey.

 Purpose: This study examines Turkeys bilateral trade intercourse with Russia in order to identify potentialities and problems for Turkey caused by the Russia-Ukraine War. MethodDesignMethodologyApproach: In the course of the study, with the help of descriptive statistics and calculations of trade indices such as trade intensity and trade complementarity indices, the current state of Russian-Turkish trade was examined. Afterwards, commodity sectors in which supply is expected to fall due to international companies suspension of businesses were identified. Next, the revealed comparative advantage index and its dynamic form were calculated to assess Turkeys potentialities to export commodities of the identified sectors to Russia and to highlight commodities groups where export policy should be improved. Thus, the study considers Russia and Turkey not as competitors, but as partners. Findings: It has been concluded that the countries have tight-connections and, to a certain extent, are dependent on one another. Both Russia and Turkey can benefit from further intensifying bilateral trade and improving partnership in other spheres as well. Originality: There is substantial literature comparing Russia and Turkey with other countries, trade blocks or with each other, mainly these two countries are counterposed from a competition perspective. This article, on the contrary, evaluates how cooperation and bilateral trade can improve the economic situation of both Russia and Turkey.

 Amaç: Bu araştırma, Rusya-Ukrayna Savaşının Türkiye için yarattığı potansiyelleri ve sorunları tespit etmek için Türkiyenin Rusya ile ikili ticari ilişkilerini incelemektedir. YöntemTasarım  Metodoloji  Yaklaşım: Çalışma kapsamında, tanımlayıcı istatistikler ve ticaret yoğunluğu ve ticaret tamamlayıcılık endeksleri gibi ticaret endekslerinin hesaplamaları yardımıyla, Rusya-Türkiye ticaretinin mevcut durumu analiz edilmiştir. Ardından, uluslararası şirketlerin faaliyetlerini durdurması nedeniyle arzın düşmesinin beklendiği emtia sektörleri belirlendi. Türkiyenin belirlenen sektörlere ait malları Rusyaya ihraç etme potansiyelini değerlendirmek ve ihracat politikasının iyileştirilmesi gereken mal gruplarını vurgulamak için açıklanmış karşılaştırmalı üstünlük endeksi ve onun dinamik formu hesaplandı. Bu nedenle çalışma, Rusya ve Türkiyeyi artık rakip, ancak ortak olarak görmektedir. Bulgular: Ülkelerin sıkı bağlara sahip olduğu ve bir ölçüde de birbirine bağımlı olduğu sonucuna varılmıştır. Hem Rusya hem de Türkiye, ikili ticaretin daha da yoğunlaştırılmasından ve diğer alanlarda da ortaklığın geliştirilmesinden yararlanabilir. Özgünlük: Rusya ve Türkiyeyi diğer ülkelerle, ticaret bloklarıyla veya birbirleriyle karşılaştıran önemli bir literatür vardır, esas olarak bu iki ülke rekabet perspektifinden karşı karşıya getiriliyor. Bu makale, aksine, işbirliğinin ve ikili ticaretin hem Rusya hem de Türkiyenin ekonomik durumunu nasıl iyileştirebileceğini değerlendiriyor.

Makale detayları

AN ANALYSIS OF BILATERAL TRADE RELATION BETWEEN TURKEY AND RUSSIA: CHALLENGES AND OPPORTUNITIES OF RUSSIA-UKRAINE WAR

Yazarlar:

Gülüzar Kurt Gümüş | Marina Kramskova

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Uluslararası İşletmecilik

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 50, pp.1876-1902

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328694

pISSN:

1303-5495

Bilateral Trade

Trade Intensity

Trade Complementarity

Revealed Comparative Advantageİkili Ticaret

Ticaret Yoğunluğu

Ticari Tamamlayıcılık

Açıklanmış Karşılaştırmalı Üstünlük

Sayı

Makale detayları

Yazarlar: Gülüzar Kurt Gümüş | Marina Kramskova

Yayıncı: Istanbul Ticaret University

Ana Başlıklar: Uluslararası İşletmecilik

Dergi: İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 50, pp.1876-1902

Belge Tipi: Makale

Yayın Tarihi: 9/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001328694

pISSN: 1303-5495

Sayı

Yazarlar:

Gülüzar Kurt Gümüş | Marina Kramskova

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Uluslararası İşletmecilik

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 50, pp.1876-1902

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328694

pISSN:

1303-5495