1. Unveiling the Turkiye-GCC Economic Partnership: ARDL Cointegration Approach
- Author
-
Akkas, Erhan
- Subjects
Iraq-Kuwait Crisis, 1990-1991 ,Exports -- Forecasts and trends ,Economic development -- United Arab Emirates -- Saudi Arabia -- Qatar -- Kuwait ,Natural resources -- Kuwait -- Qatar -- Saudi Arabia -- United Arab Emirates ,Market trend/market analysis ,Political science ,International Trade Center ,Cooperation Council for the Arab States of the Gulf - Abstract
This analysis examines the economic relationship between Turkiye and the GCC countries, focusing notably on the economic and trade ties. It argues that while mutual relations have increased during the AK Party era, historical commercial relations have been subject to fluctuations due to regional and foreign policy preferences. Descriptive analysis using secondary data supports this claim. Cointegration techniques are also employed to empirically analyze the trade relationship between the two sides from 1994 to 2020. The results indicate long-term cointegration in Turkiye-GCC economic relations, with bilateral trade positively affected in the long-term. However, the findings also suggest that as GCC countries' exports to Turkiye increase, Turkiyes exports to the GCC increase even more over the long-term. Keywords: Turkiye, GCC Countries, Economic Interdependence, Economic Relationship, Cointegration Analysis, Empirical Studies of Trade, Introduction Gulf Cooperation Council (GCC) countries, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), have become critical players in the global financial markets thanks to [...]
- Published
- 2024
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