A CLUB CONVERGENCE ANALYSIS OF COMPETETIVE INDUSTRIAL PERFORMANCE AMONG OECD NATIONS

Year 2024, Volume: 33 Issue: 2, 891 - 906, 20.10.2024

Şekip Yazgan , Muhammet Daştan , Reşat Ceylan

https://doi.org/10.35379/cusosbil.1476609

Abstract

The industrial sector has historically been characterized as the engine of growth due to its positive contribution to productivity, trade, employment and technological advancement. Determining the convergence dynamics between countries’ industrial sectors is of great importance. However, the empirical literature on convergence dynamics in the industrial sector is quite limited. In this context, this study aims to investigate the convergence dynamics of the industrial sector in 38 OECD countries in the period covering the years 1990-2021 within the framework of the Club Convergence Hypothesis using the Phillips and Sul (2007, 2009) approach. In the study, the Competitive Industrial Performance Index is used as an industrial sector indicator different from the related literature. This index is considered as an important indicator used in comparing the performance of the industrial sector across countries and shows how successful countries are in producing industrial goods competitively and selling them in foreign markets. The study, which aims to contribute to the relevant literature through its empirical methodology and industrial indicator, reveals empirical findings indicating that there is no convergence behavior for the entire sample. However, it identifies three distinct convergence clubs.

Keywords

Convergence, Industry Convergence, Competetive Industrial Performance Index, Club Convergence

OECD ÜLKELERİ ARASINDA REKABETÇİ ENDÜSTRİYEL PERFORMANSIN KULÜP YAKINSAMA ANALİZİ

Abstract

Sanayi sektörü, verimliliğe, ticarete, istihdama ve teknolojik ilerlemeye sağladığı pozitif katkı nedeniyle tarihsel süreç içinde büyümenin motoru olarak nitelendirilmektedir. Ülkelerin sanayi sektörleri arasındaki yakınsama dinamiklerinin belirlenmesi oldukça önem arz etmektedir. Buna karşın sanayi sektöründe yakınsama dinamiklerinin ortaya konmasına yönelik ampirik literatürün oldukça sınırlı bir düzeyde bulunduğu görülmektedir. Bu kapsamda çalışmada, 1990-2021 yıllarını kapsayan dönemde 38 OECD ülkesinde sanayi sektörünün yakınsama dinamiklerinin Kulüp Yakınsama Hipotezi çerçevesinde Phillips ve Sul (2007, 2009) yaklaşımıyla araştırılması amaçlanmaktadır. Çalışmada ilgili literatürden farklı bir sanayi sektörü göstergesi olarak Rekabetçi Sanayi Performans Endeksi kullanılmaktadır. Bu endeks, ülkelerde bulunan sanayi sektörünün performanslarının karşılaştırılmasında kullanılan önemli bir gösterge olarak kabul edilmekte ve ülkelerin sanayi mallarını rekabetçi bir şekilde üretme ve yurt dışı pazarlarda satma konusunda ne kadar başarılı olduğunu göstermektedir. Kullandığı ampirik yöntem ve sanayi göstergesi bağlamında ilgili literatüre katkı sağlamanın amaçlandığı çalışmada ulaşılan ampirik bulgular, örneklemin tümü için bir yakınsama davranışının olmadığını fakat birbirine yakınsayan üç yakınsama kulübünün bulunduğunu ortaya koymaktadır.

Keywords

Yakınsama, Sanayi Yakınsaması, Rekabetçi Sanayi Performans Endeksi, Kulüp Yakınsama

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