The results indicate that the GDP of trading partners, distance, common borders, and the adoption of the metric system significantly affected bilateral trade.
📌 3 Key Takeaways
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Objective & Hypothesis:During the 19th century, the Ottoman Empire experienced an increased integration into the world economy, primarily through the development of bilateral trade with European markets.
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Key Findings & Data:This study examines the determinants of bilateral trade of the Ottoman Empire with its trading partners between 1878 and 1913 using a panel regression framework.
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Conclusion & Impact:The results indicate that the GDP of trading partners, distance, common borders, and the adoption of the metric system significantly affected bilateral trade.
🔬Design:Makale
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters
Abstract
During the 19th century, the Ottoman Empire experienced an increased integration into the world economy, primarily through the development of bilateral trade with European markets. This study examines the determinants of bilateral trade of the Ottoman Empire with its trading partners between 1878 and 1913 using a panel regression framework. The results indicate that the GDP of trading partners, distance, common borders, and the adoption of the metric system significantly affected bilateral trade. In contrast, the GDP of the Ottoman Empire, trade agreements, railways, and commercial ports had no statistically significant effects on the mentioned trade relations.
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Cite This Article
TÜREL, M., BAYCAR, K. (2023). Determinants of Bilateral Trade between Europeans and the Ottoman Empire: 1878-1913. World Journal of Applied Economics, Cilt: 8 - Sayı: 2, 81–91. https://doi.org/10.22440/wjae.8.2.3
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