EFFECTS OF THE CUSTOMS UNION ON COMPARATIVE ADVANTAGE OF TURKISH MANUFACTURING INDUSTRY
Nyckelord:
comparative advantage, customs union, Turkey, European Union, panel data estimationAbstract
The aim of this study is to analyze the effects of the customs union (CU) on the comparative advantage of the Turkish manufacturing industry for the period 1988 to 2008. The revealed comparative advantage is analyzed with respect to twelve old European Union countries (EU) and the enlarged EU with the inclusion of new member states. In this study, both the effects of the CU and the enlargement process of the EU are analyzed using the panel data estimation method covering 45 cross-section units by taking into account that domestic factors of Turkey’s comparative advantage, real effective exchange rates, and a manufacturing sector wage index. The results show that the CU and wages has created a positive effect on Turkey’s comparative advantage. However, real exchange rates created negative effects for the comparative advantage of Turkish industry due to the appreciation of the Turkish Lira throughout the time period.
##submission.downloads##
Publicerad
Referera så här
Nummer
Sektion
Licens
The Author(s) must make formal transfer of copyright for each article prior to publication in the International Journal of Contemporary Economics and Administrative Sciences. Such transfer enables the Journal to defend itself against plagiarism and other forms of copyright infringement. Your cooperation is appreciated. You agree that copyright of your article to be published in the International Journal of Contemporary Economics and Administrative Sciences is hereby transferred, throughout the World and for the full term and all extensions and renewals thereof, to International Journal of Contemporary Economics and Administrative Sciences.
The Author(s) reserve(s): (a) the trademark rights and patent rights, if any, and (b) the right to use all or part of the information contained in this article in future, non-commercial works of the Author's own, or, if the article is a "work-for-hire" and made within the scope of the Author's employment, the employer may use all or part of the information contained in this article for intra-company use, provided the usual acknowledgements are given regarding copyright notice and reference to the original publication.
The Author(s) warrant(s) that the article is Author's original work, and has not been published before. If excerpts from copyrighted works are included, the Author will obtain written permission from the copyright owners and shall credit the sources in the article. The author also warrants that the article contains no libelous or unlawful statements, and does not infringe on the rights of others. If the article was prepared jointly with other Author(s), the Author agrees to inform the co-Author(s) of the terms of the copyright transfer and to sign on their behalf; or in the case of a "work-for-hire" the employer or an authorized representative of the employer.
The journal is registered with the ISSN : 1925-4423.
IJCEAS is licensed under a Creative Commons Attribution 4.0 International License.
This license lets others distribute, remix, tweak, and build upon your work, even commercially, as long as they credit you for the original creation. This is the most accommodating of licenses offered. Recommended for maximum dissemination and use of licensed materials.
