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Ulaştırma ve Lojistik Kongreleri

alphanumeric journal

The Journal of Operations Research, Statistics, Econometrics and Management Information Systems

Economic Growth Effects of Economic Integration: An Economic Analysis on Turkish Economy in the Context of the European Union and Shanghai Cooperation Organization


Ülker Çam Karakaş, Ph.D.

Adem Karakaş, Ph.D.

Samet Topal


For many years the EU countries in Turkey's foreign trade is seen as the main trading partners. However, due to particularly in energy and raw material trade, shares of countries that are members of the Shanghai Cooperation Organization (SCO), especially the Russian Federation and China. also increased in the foreign trade of Turkey. The main purpose of the study is to discuss the comparative view of EU and SCO in the foreign trade of Turkey which goals to be an economic power in its region and reveal the effectiveness of trade with these two trading blocks for Turkey’s economic growth. In the study, data from 6 EU countries and 6 SCO member countries with the highest transaction volume between the years of 2000-2017 were used. Place of 12 countries that considired approximately 42% in the foreign trade of Turkey. The results of the analysis of both trade blocs have been considered to be very important for Turkey's economy. Trading ( import-export) both with EU and SCO countries influence Turkey’s economic growth and variables in both the short and long term shows the presence of a meaningful relationship. Economic growth and foreign trade data show that there is a bi-directional causality between the two trading blocks.

Keywords: European Union, Foreign Trade, Shanghai Cooperation Organization, Turkish Economy

Jel Classification: F13, F15

Suggested citation

Çam Karakaş, Ü., Karakaş, A. & Topal, S. (). Economic Growth Effects of Economic Integration: An Economic Analysis on Turkish Economy in the Context of the European Union and Shanghai Cooperation Organization. Alphanumeric Journal, 7(2), 185-204. http://dx.doi.org/10.17093/alphanumeric.604525


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Volume 7, Issue 2, 2019


alphanumeric journal

Volume 7, Issue 2, 2019

Pages 185-204

Received: Feb. 9, 2019

Accepted: Dec. 30, 2019

Published: Dec. 31, 2019

Full Text [754.9 KB]

2019 Çam Karakaş, Ü., Karakaş, A., Topal, S.

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