Analysis of Maritime Transportation Sector Through Econometric Modelling Concerning Relationship Between Foreign Trade and Freight Transportation in Türkiye

Abstract

The main objective of this study is to investigate the effect of freight transportation on foreign trade in the Turkish maritime transportation sector. Data gathered from the Turkish Statistical Institute and the Ministry of Transport and Infrastructure's official websites, between the years 2013 and 2023, were utilized and time series analysis was conducted. The Industrial Production Index was used as a proxy for economic expansion. This research used five variables, all shown in logarithmic form (Export, Import, Volume, Handling, and Index). Unit root tests were done to examine the stationarity of the series. Regression analysis was conducted utilizing the Ordinary Least Squares (OLS) method to ascertain the short-term direction of the relationship between the variables. The findings from the Toda-Yamamoto causality test align with those derived from OLS and affirm that within the maritime sector, sea freight transportation exerts a positive impact on foreign trade, particularly in the short term.