{"title":"A Gravity Model Analysis of Forest Products Trade Between Turkey and European Union Countries","authors":"Henry Eric Magezi, T. Okan","doi":"10.5552/drvind.2023.0057","DOIUrl":null,"url":null,"abstract":"The study aimed to understand the determining factors of the trade between Turkey and the European Union (EU) countries in the forest products sector and assess Turkey’s forest product export potential to the EU. The study period was from 2005 to 2020 and focused on HS44, HS47, and HS48 forest product groups. A gravity model was estimated using panel data with the Ordinary Least Squares, Random Effects, and Hausman-Taylor estimation methods. Results indicate that the forest products exports from Turkey to the EU are significantly influenced by the Gross Domestic Product, the population of Turkey and the EU partner, and negatively by the relative forest endowment. The elasticities estimated were then used to predict the export potential of Turkey in the trade of forest products. The findings revealed that the predicted forest export value exceeded Turkey’s actual forest products export to Denmark, France, Italy, Luxembourg, Poland, Slovenia and Spain from 2005 to 2020.","PeriodicalId":11427,"journal":{"name":"Drvna Industrija","volume":" ","pages":""},"PeriodicalIF":0.7000,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Drvna Industrija","FirstCategoryId":"88","ListUrlMain":"https://doi.org/10.5552/drvind.2023.0057","RegionNum":4,"RegionCategory":"农林科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"MATERIALS SCIENCE, PAPER & WOOD","Score":null,"Total":0}
引用次数: 0
Abstract
The study aimed to understand the determining factors of the trade between Turkey and the European Union (EU) countries in the forest products sector and assess Turkey’s forest product export potential to the EU. The study period was from 2005 to 2020 and focused on HS44, HS47, and HS48 forest product groups. A gravity model was estimated using panel data with the Ordinary Least Squares, Random Effects, and Hausman-Taylor estimation methods. Results indicate that the forest products exports from Turkey to the EU are significantly influenced by the Gross Domestic Product, the population of Turkey and the EU partner, and negatively by the relative forest endowment. The elasticities estimated were then used to predict the export potential of Turkey in the trade of forest products. The findings revealed that the predicted forest export value exceeded Turkey’s actual forest products export to Denmark, France, Italy, Luxembourg, Poland, Slovenia and Spain from 2005 to 2020.
期刊介绍:
"Drvna industrija" ("Wood Industry") journal publishes original scientific and review papers, short notes, professional papers, conference papers, reports, professional information, bibliographical and survey articles and general notes relating to the forestry exploitation, biology, chemistry, physics and technology of wood, pulp and paper and wood components, including production, management and marketing aspects in the woodworking industry.