Pricing to market : an evaluation for Turkey

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Tezin Türü: Yüksek Lisans

Tezin Yürütüldüğü Kurum: Orta Doğu Teknik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Türkiye

Tezin Onay Tarihi: 2007

Tezin Dili: İngilizce

Öğrenci: Erkan Yönder

Danışman: ELİF AKBOSTANCI ÖZKAZANÇ

Özet:

This thesis investigates pricing to market behavior in the exports of Turkey, which is a small economy. The investigated sectors are hazelnut, dried grape, dried apricot, dried fig and feldspar. The sectors are selected because Turkey is the leading producer and exporter for these products in the world. We apply pricing to market model for the exports from Turkey to each of the largest importer countries and the world in total for each product to check whether there is monopolistic behavior in the markets. We also check whether there is complete local currency price stability in the investigated markets. The relationship between the import shares of destination markets in the Turkey’s exports and the estimated pricing to market elasticities are compared as well. In general, we find that there is pricing to market in the exports of Turkey for the investigated sectors.