Akademik Veri Yönetim Sistemi
VII. Anadolu International Conference on Economics (Econanadolu 2024), Eskişehir, Türkiye, 31 Mayıs - 02 Haziran 2024, ss.27, (Özet Bildiri)
Classical trade theories are based on the assumption that factors of production, especially labor, are perfectly immobile between countries. However, the movements of production factors between countries can create economies of scale by increasing the production efficiency and contribute to productivity by improving the quality of existing factors of production. Differences in the quality of production factors between countries and economies of scale are as well used to explain the formation of international trade within the scope of new trade theories. In addition to being a free trade area where trade barriers such as customs tariffs are removed between member countries, the European Union (EU) is also a common market where the productivity-enhancing effects of labor and capital mobility within the framework of the free movement of production factors could be observed. From this viewpoint, the study investigates the relationship between intra-EU trade and productivity with the 2002-2023 data of 27 EU member countries using heterogeneous panel data analysis methods. The findings indicate that increases in total factor productivity have positive effects on intra-EU trade. The source of export increases is improvements in capital productivity rather than those in labor productivity.