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Journals / Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2007 / Cilt: 0 - Sayı: 29

Testing the Imports as Market Disipline Hypothesis in Turkish Manufacturing Industry: Panel Data Approach

Türkiye imalat Sanayinde İthalatın Piyasayı Disipline Etme Hipotezinin Testi: Panel Veri Yaklaşımı

Alper ASLAN
Mustafa SAATÇİ
Pages
1–15
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

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

In this paper, the import discipline hypothesis ise tested by utilizing panel data econometric techniques for the data of two-digit Turkish manufacturing industries, and it is concluded that import penetration played an important role in disciplining the market for the years 1966-2001 in two-digit Turkish manufacturing industries.

📌 3 Key Takeaways

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Objective & Hypothesis:The relationship between openness and competition is known as “the import-as-market discipline” hypothesis and it has attracted a great deal of attention in the empirical literature.
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Key Findings & Data:The argument is that domestic industries, which have an oligopolistic structure, are forced to behave more competitively once domestic markets are exposed to international competition.
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Conclusion & Impact:In this paper, the import discipline hypothesis ise tested by utilizing panel data econometric techniques for the data of two-digit Turkish manufacturing industries, and it is concluded that import penetration played an important role in disciplining the market for the years 1966-2001 in two-digit Turkish manufacturing industries.
🔬Design:Research Article
📍Scope:2001 Verileri
⚙️Variables:Domain Parameters

Abstract

The relationship between openness and competition is known as “the import-as-market discipline” hypothesis and it has attracted a great deal of attention in the empirical literature. The argument is that domestic industries, which have an oligopolistic structure, are forced to behave more competitively once domestic markets are exposed to international competition. This will reduce the market power of domestic firms leading to lower mark-ups and higher output levels. In this paper, the import discipline hypothesis ise tested by utilizing panel data econometric techniques for the data of two-digit Turkish manufacturing industries, and it is concluded that import penetration played an important role in disciplining the market for the years 1966-2001 in two-digit Turkish manufacturing industries.

Özet

Dışa açılma ve rekabet arasındaki ilişki “ithalatın piyasayı disipline etme“ hipotezi olarak bilinir ve ampirik literatürün yoğun ilgisini çekmektedir. Oligopolistik yapıya sahip yerel endüstriler, uluslar arası rekabete maruz kalarak daha rekabetçi davranmaya zorlanır. Bu durum, fiyat-maliyet marjlarının düşmesine ve çıktı seviyesinin artmasına neden olarak, yerel firmaların piyasa gücünü azaltacaktır. Bu makalede, iki haneli Türkiye imalat sanayi verileri ile panel veri ekonometrik teknikleri kullanılarak disipline edici ithalat hipotezi test edilmiş ve ithalat penetrasyonunun Türkiye imalat sanayi iki haneli alt sektörlerinde 1966-2001 döneminde, piyasayı disipline etmede önemli bir rolü olduğu sonucuna varılmıştır.

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Cite This Article

ASLAN, A., SAATÇİ, M. (2022). Testing the Imports as Market Disipline Hypothesis in Turkish Manufacturing Industry: Panel Data Approach. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 0 - Sayı: 29, 1–15. https://ajindex.com/articles/503621

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