A Case Study Of Examining The Relationships Between Maritime Foreign Trade, GDP, And The Construction In Turkey

Abstract

Although there are many types of transportation used in foreign trade, maritime transportation is great importance. In the globalizing world, the foreign trades between countries have started to become more common and maritime transport has become one of the main actors. Transportation demand increases in this area even more the fact that it is a cheaper, reliable and environmentally friendly. However, economic crises in the world and increases in sea freight prices can affect maritime transport. This situation can affect not only maritime transport but also the economic situation of countries. The aim of this study is to examine the relations between gross domestic product (GDP) and maritime exports, maritime imports and the construction sector (which is one of the most important economic dynamics of the country), due to the decline in maritime transport in Turkey in recent years. The data for the last years used in the research were obtained from the Turkish Statistical Institute (TSI). The stationarity levels of the data were analyzed with unit root statistics tests. Since all series are stationary at I(1) level, Granger causality method is preferred. As a result, GDP is the Granger cause of maritime exports, maritime imports and the construction industry but no correlation could be established between maritime imports with other data. Also, the construction industry is the Granger cause of maritime exports.