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The Self Imposed Embargo: Customs-Related Transaction Costs of North Cyprus

Author

Listed:
  • Bahro A. Berhan

    (Cyprus International University Northern Cyprus
    Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

Abstract

Custom related transaction costs are a major barrier to the expansion of the international trade. These costs are a financial burden to the importers and ultimately to consumers. This study measures the transaction costs that are created by the obsolete customs and port handling procedures in North Cyprus. Such an analysis is important because since 1974 North Cyprus has suffered under a direct trade embargo. All its imports and exports must come or go via the ports in Turkey. This study finds that excessive trade transaction costs inflicted by the inefficient port handling and customs services of North Cyprus is between 1.42 to 2.96 times as costly as the extra transportation costs caused by the international embargo on its direct trade with the rest of the world.

Suggested Citation

  • Bahro A. Berhan, 2012. "The Self Imposed Embargo: Customs-Related Transaction Costs of North Cyprus," Development Discussion Papers 2012-09, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:6000
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    Cited by:

    1. Halit Yanikkaya & Zeynep Aktas Koral, 2017. "Assessing the Determinants of Customs-Related Transaction Costs in Turkey," Working Papers 2017-02, Gebze Technical University, Department of Economics.

    More about this item

    Keywords

    : International trade; transaction costs; economic loss; embargo; Cyprus;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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