Bilateral trade agreements and trade finance: evidence from Turkey
PurposeThis study investigates the impact of trade integration on payment choice in international transactions using data from Turkey, an emerging economy that signed many trade agreements in the last two decades.Design/methodology/approachThe authors use industry-level trade finance data from Turke...
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| Veröffentlicht in: | International journal of emerging markets 2022-05, Vol.17 (5), p.1256-1272 |
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| container_title | International journal of emerging markets |
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| creator | Habiyaremye, Alexis Avsar, Veysel |
| description | PurposeThis study investigates the impact of trade integration on payment choice in international transactions using data from Turkey, an emerging economy that signed many trade agreements in the last two decades.Design/methodology/approachThe authors use industry-level trade finance data from Turkey, which reports payment methods in exports at two-digit ISIC level for 180 export destinations. The authors performed linear as well as maximum likelihood techniques to test our hypothesis.FindingsThe authors show that the removal of trade barriers by bilateral free trade agreements leads to more exporter-financed transactions. This implies that lowering trade barriers contributes to reducing risk, which leads to more trade finance by exporters.Originality/valueTrade finance is the lifeblood of global trade. Although the previous literature have analyzed the institutional and financial factors affecting exporters' decision to extend trade credit, the effect of economic integration has been overlooked. In this regard, this study represents the first attempt to analyze the impact of trade integration on trade finance. |
| doi_str_mv | 10.1108/IJOEM-07-2020-0751 |
| format | Article |
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The authors performed linear as well as maximum likelihood techniques to test our hypothesis.FindingsThe authors show that the removal of trade barriers by bilateral free trade agreements leads to more exporter-financed transactions. This implies that lowering trade barriers contributes to reducing risk, which leads to more trade finance by exporters.Originality/valueTrade finance is the lifeblood of global trade. Although the previous literature have analyzed the institutional and financial factors affecting exporters' decision to extend trade credit, the effect of economic integration has been overlooked. 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The authors performed linear as well as maximum likelihood techniques to test our hypothesis.FindingsThe authors show that the removal of trade barriers by bilateral free trade agreements leads to more exporter-financed transactions. This implies that lowering trade barriers contributes to reducing risk, which leads to more trade finance by exporters.Originality/valueTrade finance is the lifeblood of global trade. Although the previous literature have analyzed the institutional and financial factors affecting exporters' decision to extend trade credit, the effect of economic integration has been overlooked. 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Avsar, Veysel</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c342t-d80c013ebbc927f092b3cd03f60ae0bfe4b9f43aaa4ff403e9f09b3ddeb0dc4b3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Agreements</topic><topic>Borrowing</topic><topic>Costs</topic><topic>Destinations</topic><topic>Economic integration</topic><topic>Efficiency</topic><topic>Emerging markets</topic><topic>Enforcement</topic><topic>Exports</topic><topic>Finance</topic><topic>Free trade</topic><topic>International finance</topic><topic>International trade</topic><topic>Neutrality</topic><topic>Tariffs</topic><topic>Trade agreements</topic><topic>Trade barriers</topic><topic>Trade finance</topic><topic>Trade liberalization</topic><topic>Transactions</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Habiyaremye, Alexis</creatorcontrib><creatorcontrib>Avsar, Veysel</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>ProQuest One Business</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>International journal of emerging markets</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Habiyaremye, Alexis</au><au>Avsar, Veysel</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Bilateral trade agreements and trade finance: evidence from Turkey</atitle><jtitle>International journal of emerging markets</jtitle><date>2022-05-19</date><risdate>2022</risdate><volume>17</volume><issue>5</issue><spage>1256</spage><epage>1272</epage><pages>1256-1272</pages><issn>1746-8809</issn><eissn>1746-8817</eissn><abstract>PurposeThis study investigates the impact of trade integration on payment choice in international transactions using data from Turkey, an emerging economy that signed many trade agreements in the last two decades.Design/methodology/approachThe authors use industry-level trade finance data from Turkey, which reports payment methods in exports at two-digit ISIC level for 180 export destinations. The authors performed linear as well as maximum likelihood techniques to test our hypothesis.FindingsThe authors show that the removal of trade barriers by bilateral free trade agreements leads to more exporter-financed transactions. This implies that lowering trade barriers contributes to reducing risk, which leads to more trade finance by exporters.Originality/valueTrade finance is the lifeblood of global trade. Although the previous literature have analyzed the institutional and financial factors affecting exporters' decision to extend trade credit, the effect of economic integration has been overlooked. In this regard, this study represents the first attempt to analyze the impact of trade integration on trade finance.</abstract><cop>Bradford</cop><pub>Emerald Publishing Limited</pub><doi>10.1108/IJOEM-07-2020-0751</doi><tpages>17</tpages></addata></record> |
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| issn | 1746-8809 1746-8817 |
| language | eng |
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| subjects | Agreements Borrowing Costs Destinations Economic integration Efficiency Emerging markets Enforcement Exports Finance Free trade International finance International trade Neutrality Tariffs Trade agreements Trade barriers Trade finance Trade liberalization Transactions |
| title | Bilateral trade agreements and trade finance: evidence from Turkey |
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