The Impact of Economic Integration Agreements on Turkey's High Technology Product Exports: ASEAN Case

Abstract

It is seen that there have been great changes in the economic system and understanding in the phase from the settlement of humanity to the present day. The adventure of finding the technique of survival has been the key for states to dominate each other and become developed countries centuries later. Especially after World War II, there has been an increase in efforts to establish economic integration and to apply technology to industry in various parts of the world, especially in Europe. When this situation is evaluated in terms of Turkey, the fact that its exports of high-tech products, which is one of the indicators of development, is stuck between 2% and 4% and that it has a foreign trade deficit among the economic integrations of which it is a member, reveals that the understanding of establishing economic integration needs to change. Therefore, in this study, the impact of economic integration agreements between Turkey and ASEAN, the world's fifth largest economy, on Turkey's exports of high-tech products is analyzed with a panel gravity model covering the years 2007-2020 in line with the purpose of the study. As a result of the study, it is found that economic integration agreements with ASEAN positively affect Turkey's exports of high-tech products.