The impact of trade liberalization on import demand

Thomakos, Dimitrios D. and Ulubasoglu, Mehmet A. 2002, The impact of trade liberalization on import demand, Journal of economic and social research, vol. 4, no. 1, pp. 1-26.

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Title The impact of trade liberalization on import demand
Author(s) Thomakos, Dimitrios D.
Ulubasoglu, Mehmet A.
Journal name Journal of economic and social research
Volume number 4
Issue number 1
Start page 1
End page 26
Total pages 26
Publisher Fatih University
Place of publication Istanbul, Turkey
Publication date 2002
ISSN 1302-1060
Keyword(s) trade liberalization
import demand
Summary In this paper, we empirically analyze the effects of trade reforms on import demand and derive their implications on economic development in Turkey, a country that underwent sudden and substantial trade liberalization in the mid-1980s. The tool for this analysis is the estimation of disaggregated import demand elasticities. The adoption of a more liberal trade regime as well as radical attempts to foster economic development makes the Turkish experience particularly interesting for analysis. Almost all of our elasticities are estimated to be significant, unlike those of most previous studies in the literature on other countries. We test for different elasticities over “closed” and “open” economy periods, and find that the effects of the trade reforms of the 1980s were significant for a number of industries that form the backbone of the Turkish economy. We also compare our results with elasticity estimates from past studies for developed countries.
Language eng
Field of Research 159999 Commerce, Management, Tourism and Services not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30055001

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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