Dış Ticarette Küresel Eğilimler ve Türkiye Ekonomisi (Global Trends in International Trade and the Turkish Economy)

Dış Ticarette Küresel Eğilimler ve Türkiye Ekonomisi (Global Trends in International Trade and the Turkish Economy)

Title : Global Trends in International Trade and the Turkish Economy
Number : 10/01
Author(s) : Faruk Aydın, Hülya Saygılı, Mesut Saygılı, Gökhan Yılmaz
Language : Turkish
Date : March 2010
Abstract : As inter-industry trade, the dominant international trade structure of the previous century, has been replaced by intra-industry trade, the share of manufacturing in developing countries' and services in developed countries' trade have increased. Technological developments, increasing international competition, decreasing transportation costs and tariffs, by dividing production activities into sub-processes of differing factor intensities, allow production of each processes at different countries. On the one hand, the new global production processes increase exports of manufactures by developing countries, on the other hand, they boost the use of imported investment and intermediate goods in production. The findings indicate change in vertical specialization in production from 1990s to 2000s, among eight developing and eight developed countries. In the said period, while the developing countries' comparative advantage in intermediate good has strengthened, developed countries' advantage in final goods has increased. The revealed comparative advantage index of Turkey in final goods of textile and machinery-equipment sectors improved slightly, while final goods of basic metals and automotive sectors strengthened significantly, during the last decade. Turkey has the highest, as China has the lowest, intermediate goods imports-exports ratio among the emerging countries. In sectoral terms transportation have the highest intermediate goods import followed by basic metals. Multinational firms play a key role in transforming production and export structures of emerging countries. For Turkey, however, relationship among FDI, exports and economic growth are weaker.
Keywords : Vertical specialization, Foreign direct investment, Import dependence, Revealed comparative advantage
JEL Codes : F14, F23

Dış Ticarette Küresel Eğilimler ve Türkiye Ekonomisi (Global Trends in International Trade and the Turkish Economy)
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