International Trade and Terror Relationship in Turkey

In this study, the effect of terrorism on international trade is examined in the case of Turkey. Between 1980 and 2015, along with many important political and scientific developments towards the development of international trade, international trading has begun to reach certain limitations with the terrorist channel. International trade has reached the highest levels in history with globalization phenomenon. International trade has remarkably expanded with the help of widespread internet use information technologies especially in the trade of services. Along with these positive developments, international terrorism has a negative impact on world trade. There is strong evidence that the increase in terrorist incidents led to a decline on international trade. This study focuses on whether terrorism affects Turkey's foreign trade. In doing so, between 1970 and 2016, the sensitivity of foreign trade to terrorism was measured by the concept of elasticity