“…In the literature, the models estimating sectoral export equations use independent variables similar to the ones used in export supply, demand or export determination equations; but usually several other independent variables representing sectoral characteristics are also employed. GDP or industrial production index of the exporter (to include supply-side effects) (Amann, Lau, & Nıxson, 2009;Bayar & Tokpunar, 2014;Bayar et al, 2015;Giovannetti & Sanfilippo, 2009;Ramos & Zarzoso, 2010), intermediate goods imports of the industries (to account for import dependency of industrial production) (Yalçınkaya, 2009), exchange rate volatility (Aftab, Abbas, & Kayani, 2012;Gagnon, 1993;Nazlıo glu, 2013;Wolf 1995), monetary growth and government spending (Dinçer & Kandil, 2011), crowding out effects created by rival countries (Amann et al, 2009;Giovannetti & Sanfilippo, 2009), foreign direct investments (Rahmaddi & Ichihashi, 2013;Zhang, 2005), various measures of technology and innovation and R&D expenditures (DiPietro & Anoruo, 2006;Ramos & Zarzoso, 2010;Uzay, Demir, & Yıldırım, 2012) are among the independent variables used in the literature in estimating sectoral export equations.…”