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Effects of wars and boycotts on international trade: Evidence from the late Ottoman Empire

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  • Avni Önder Hanedar

Abstract

Between 1830 and 1913, the Ottoman Empire was involved in destructive wars with its trading partners. Boycotts were organized against Bulgaria and Austria-Hungary. The effects of wars and boycotts are a topic of debate among historians. This article examines whether wars and boycotts were associated with how the Ottoman Empire traded with its trading partners from 1830 to 1913. The findings indicate a decrease in trade with its adversaries during the Russo-Turkish War of 1877--78, the Crimean War, and the Balkan Wars. In addition, there was a statistically significant reduction in trade with Austria-Hungary due to the boycott.

Suggested Citation

  • Avni Önder Hanedar, 2016. "Effects of wars and boycotts on international trade: Evidence from the late Ottoman Empire," The International Trade Journal, Taylor & Francis Journals, vol. 30(1), pages 59-79, January.
  • Handle: RePEc:taf:uitjxx:v:30:y:2016:i:1:p:59-79
    DOI: 10.1080/08853908.2015.1102107
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    References listed on IDEAS

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    1. V. Necla Geyikdagi & M. Yasar Geyikdagi, 2011. "Foreign direct investment in the Ottoman Empire: Attitudes and political risk," Business History, Taylor & Francis Journals, vol. 53(3), pages 375-400.
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    Cited by:

    1. Hanedar, Avni Önder & Hanedar, Elmas Yaldız, 2017. "Ottoman stock returns during the Turco-Italian and Balkan Wars of 1910-1914," eabh Papers 17-02, The European Association for Banking and Financial History (EABH).
    2. Hanedar, Avni Önder & Yaldız Hanedar, Elmas, 2017. "Stock market reactions to wars and political risks: A cliometric perspective for a falling empire," MPRA Paper 85600, University Library of Munich, Germany, revised 25 Mar 2018.
    3. Avni Önder Hanedar, 2022. "Have Commodity Markets Political Nature?," Contributions to Economics, in: M. Kenan Terzioğlu (ed.), Advances in Econometrics, Operational Research, Data Science and Actuarial Studies, pages 171-187, Springer.
    4. Meryem Turel & Kazim Baycar, 2022. "Determinants of Bilateral Trade between Europeans and the Ottoman Empire: 1878-1913," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 8(2), pages 81-91, December.

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    2. Hanedar, Avni Önder & Yaldız Hanedar, Elmas, 2017. "Stock market reactions to wars and political risks: A cliometric perspective for a falling empire," MPRA Paper 85600, University Library of Munich, Germany, revised 25 Mar 2018.
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