SavedAdd your journal

Journals / Journal of Yasar University / 2014 / Cilt: 9 - Sayı: 34

Economic analysis of the relationship between manufacturing industry export and economic growth in Turkey

Türkiye'de imalat sanayi ihracatı ve büyüme ilişkisinin iktisadi analizi

KÜBRA ÖNDER
SELİM ADEM HATIRLI
Pages
5851–5869
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Consequently, using 3SLS methods simultaneous correlation was found between growth and manufacturing industry and vice versa.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Turkey has adopted export-led industrialization policy with the decision taken within the framework of the Stabilization Program.
📊
Key Findings & Data:As a result of positive developments created by this policy significant increases in Turkey’s export volume has been achieved and the composition of export products has changed.
💡
Conclusion & Impact:Consequently, using 3SLS methods simultaneous correlation was found between growth and manufacturing industry and vice versa.
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

Turkey has adopted export-led industrialization policy with the decision taken within the framework of the Stabilization Program. As a result of positive developments created by this policy significant increases in Turkey’s export volume has been achieved and the composition of export products has changed. The biggest contribution to this change has been experienced in export item of manufacturing industry which is one of the most important industrial sectors in the economic structure. The aim of this study is to analyze the export-led growth in Turkey hypothesis by using quarterly data for period 1994-2009. In this study, manufacturing industry export refers to the term export which is the leading sector that establishes links between Turkish economy and the global economy. Of the simultaneous equation systems, three stage least square estimates (3SLS) method was applied to these macro-economic variables which demostrated the existence of simultaneous correlation in Hausmann test. Consequently, using 3SLS methods simultaneous correlation was found between growth and manufacturing industry and vice versa.

Özet

Türkiye, İstikrar Programı çerçevesinde alınan karar ile ihracata dayalı sanayileşme politikası benimsemiştir. Söz konusu politikanın yarattığı olumlu gelişmeler sonucu, Türkiye’nin ihracat hacminde önemli düzeyde artışlar gerçekleşmiş ve ihracat ürün kompozisyonu değişikliğe uğramıştır. Bu değişime en büyük katkı ise ekonomik yapı içerisindeki en önemli sanayi dallarından biri olan imalat sanayi ihracat kaleminde yaşanmıştır. Bu çalışmanın amacı, 1994-2009 dönemi için üç aylık verileri kullanarak Türkiye’de ihracata dayalı büyüme hipotezini test etmektir. Çalışmada ihracat yerine Türkiye’nin küresel ekonomiyle bağını kuran ve lokomotif sektörü olan imalat sanayi ihracatı kullanılmaktadır. Granger nedensellik testine göre çift yönlü nedensellik ilişkisi; Hausman testine göre de eşanlı ilişkinin varlığı tespit edilen bu makro ekonomik değişkenlere eşanlı denklem sistemlerinden üç aşamalı enküçük karaler yöntemi (3AEKK) uygulanmıştır. 3AEKK yöntemine göre, imalat sanayi ihracatından büyümeye ve büyümeden de imalat sanayi ihracatına doğru eşanlı ilişkinin var olduğu sonucuna ulaşılmıştır

🔖

Cite This Article

ÖNDER, K., HATIRLI, S. A. (2014). Economic analysis of the relationship between manufacturing industry export and economic growth in Turkey. Journal of Yasar University, Cilt: 9 - Sayı: 34, 5851–5869. https://ajindex.com/articles/213846

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (19)

  1. Ahmed, N. (2000). Export Response to Trade Liberalization in Bangladesh: A Cointegration Analysis, Applied Economics, 32: 1077-1084.
  2. Arize, A.C, Malindretos, J. ve Kasibhatla, K.M. (2003). Does Exchange-Rate Volatility Depress Export Flows: the Case of LDC’s, International Advances in Economic Research, 9 (1): 7-19.
  3. Arize, A.C, Osang, T. ve Slottje, D.J. (2000). Exchange-Rate Volatility and Foreign Trade: Evidence from Thirteen LDC’s, Journal of Business and Economic Statistics, 18(1): 10-17.
  4. Arslan, I. ve Wıjnbergen, S. V. (1993).
  5. Export Incentives, Exchange Rate Policy and Export Growth in Turkey, Review of Economics and Statistics, 75(1): 128-133.
  6. Bahmani-Oskooee M. ve Domac, I. (1995). Export Growth and Economic Growth in Turkey: Evidence from Cointegration Analysis, METU Studies in Development, 22: 67-77.
  7. Balassa, B. (1978). Exports and Economic Growth: Further Evidence, Journal of Development Economics, 5(2): 181-189.
  8. Balassa, B. (1978a) Export Incentives And Export Performance in Developing Countries: A Comparative Analysis, Weltwirtschaftliches Archiv, 114(1): 24-61.
  9. Baldwin, R. E. ve Seghezza, E. (1996). Testing for Trade-Induced Investment-Led Growth, NBER Working Paper Series, 5416, http://ideas.repec.org/p/nbr/nberwo/5416.html, Çevrim içi: 12.05.2010.
  10. Barro, R. J. (1990). Government Spending in a Simple Model of Endogenous Growth, Journal of Political Economy, 98(5): 103-125.
  11. Chandra, R. (2002). Export Growth and Economic Growth: An Investigation of Causality in India, Indian Economic Journal, 49(3): 64-73.
  12. Chow, P.C.Y. (1987). Causality Between Exports Growth and Industrial Development: Empirical Evidence from the NICs, Journal of Development Economics, 26(1): 55-63.
  13. Corden, W. M. (1997).
  14. Trade Policy and Economic Welfare, Calendon Press,
  15. Oxford. Cottanı, J. A., Cavallo, D. F. ve Khan, M. S. (1990). Real Exchange Rate Behavior and Economic Performance in LDCs, Economic Development and Cultural Change, 39(1): 61-67.
  16. Demirhan, E. (2005). Büyüme Ve İhracat Arasındaki Nedensellik İlişkisi: Türkiye Örneği, Ankara Üniversitesi SBF Dergisi, 60 (4): 75-88.
  17. Dollar, D. (1992). Outward-Oriented Developing Economies Really do Grow more Rapidly: Evidence from 95 LDCs, 1976-1985, Economic Development and Cultural Change, 40(3): 523–544 Dornbusch, R. (1974).
  18. Tariffs and Non-traded Goods, Journal of Economic Literature, 4 (May): 177-85.
  19. Durman, M ve Önder, H. (2006). Sanayileşme Sürecinde Teşvikler ve Türkiye’deki Teşvik Uygulamaları, Alfa Aktüel, İstanbul. E