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Yüksek Teknoloji İhracatında Ürün Yoğunlaşması ve Gelir Üzerine Ampirik Bir Analiz

Year 2022, , 153 - 185, 29.06.2022
https://doi.org/10.26650/ekoist.2022.36.1039695

Abstract

İhracatta yoğunlaşma, ihracatın gelir ve büyümeye verdiği katkı ve bu durumun sürdürülebilirliği açısından önemlidir. Buradan hareketle ihracatta yoğunlaşma-gelir ilişkisini araştıran bir literatür doğmuştur. Ancak söz konusu ilişki teknoloji düzeylerine göre henüz kapsamlı biçimde analiz edilmemiştir. Mevcut çalışma bu noktadaki boşluğu yüksek teknoloji seviyesinde doldurmayı hedeflemektedir. Bu yönüyle literatürde öncül bir çalışma olacaktır. Bununla birlikte yine ilk kez bu çalışmada kaynak laneti hipotezinin yüksek teknoloji sektörü için geçerliliği sınanmaktadır. 1988-2017 ve 49 ülke örnekleminde panel veri ekonometrisiyle elde edilen bulgular, İhracatın geneli için ileri sürülen U-biçimli ilişkinin yüksek teknoloji(HT) sektörü için geçerli olmadığı göstermektedir. HT ihracatı yoğunlaşması ve gelir arasında çeşitlenme eğrisinin varlığından söz edilemez. Ancak, HT ihracatında çeşitlenmenin itici gücünün, gelir düzeyi olduğu tespit edilmiştir. Gelir düzeyi arttıkça ülkeler HT ürünlerini çeşitlendirebilmektedir. Bununla birlikte, doğal kaynak zenginliği HT ihracatının çeşitlenmesinde engelleyici bir unsur olmamakta aksine çeşitlenmeye katkı sağlamaktadır. Bu bulgu, kaynak bolluğunun teknolojik ilerleme ve bilgi ekonomisi faaliyetlerini dışlamadığını göstermektedir. Kontrol değişkenleri olarak ülke ölçeği ve ticaret hacmi göstergeleri ise yoğunlaşmaya pozitif katkı vermektedir. Bu sonuç da ihracatın geneli için ileri sürülen literatürün aksine bir bulgudur.

References

  • Aditya, A., & Acharyya, R. (2013). Export diversification, composition, and economic growth: Evidence from cross-country analysis. The Journal of International Trade & Economic Development, 22(7), 959-992.
  • Amurgo-Pacheco, A., & Pierola, M. D. (2008). Patterns of Export Diversification in Developing Countries: Intensive and Extensive Margins (No. 4473). The World Bank.
  • Attaran, M., & Zwick, M. (1987). Entropy and other measures of industrial diversification. Quarterly Journal of Business and Economics, 17-34.
  • Bahar, D. (2016). Diversification or Specialization: What is the Path to Growth and Development? Global Economy and Development at the Brookings Institution. Policy Brief Report. Erişim Adresi: https://brook.gs/3vYrDwJ
  • Baliamoune-Lutz, M. (2009). Institutions, trade, and social cohesion in fragile states: Implications for policy conditionality and aid allocation. Journal of Policy Modeling, 31(6), 877-890.
  • Bebczuk, R. N., & Berrettoni, D. (2006). Explaining Export Diversification: An Empirical Analysis (No. 065). IIE, Universidad Nacional de La Plata.
  • Besedeš, T., & Prusa, T. J. (2006). Ins, outs, and the duration of trade. Canadian Journal of Economics/Revue Canadienne D'économique, 39(1), 266-295.
  • Blomstrom, M., & Kokko, A. (2006). “From Natural Resources to High-Tech Production: the Evolution of Industrial Competitiveness in Sweden and Finland”. In D. Lederman W. F. Maloney (Eds.), Natural Resources Neither Curse nor Destiny, USA: Stanford University Press. pp.213-256.
  • Bonaglia, F., & Fukasaku, K. (2003). Export Diversification in Low-Income Countries: An International Challenge After Doha (No. 209). OECD Publishing.
  • Cadot, O., Carrère, C., & Strauss-Kahn, V. (2011). Export diversification: what's behind the hump? Review of Economics and Statistics, 93(2), 590-605.
  • Carrère, C., Cadot, O., & Strauss-Kahn, V. (2011). Trade diversification: Drivers and impacts. Trade and Employment: From Myths to Facts, 253-307.
  • Cieslik, A., & Parteka, A. (2018). Export Variety, Productivity, and Country Size in a Multi-good Ricardian Model of Export Diversification. GUT FME Working Paper Series A, (6), 52.
  • De Ferranti, D., Perry, G. E., Lederman, D., & Maloney, W. E. (2002). From natural resources to the knowledge economy: trade and job quality. The World Bank.
  • Dixit, A., & Norman, V. (1980). Theory of International Trade: A Dual, General Equilibrium Approach. UK: Cambridge University Press. Driscoll, J. C., & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of economics and statistics, 80(4), 549-560.
  • Ekmen, S., & Erlat, G. (2014). Export Diversification and Competitiveness: Intensive and Extensive Margins of Turkey. Ekonomik Yaklaşım, 24(88), 35-64.
  • Erlat, G., & Akyüz, O. (2001). Country concentration of Turkish exports and imports over time. Topics in Middle Eastern and African Economies Vol. 3, September 2001. http://meea.sites.luc.edu/volume3/gerlat.pdf
  • FTC (2010), Horizontal Merger Guidelines 2010. Erişim Adresi: https://www.ftc.gov/sites/default/files/attachments/merger-review/100819hmg.pdf
  • Giri, R., Quayyum, M. S. N., & Yin, R. (2019). Understanding Export Diversification: Key Drivers and Policy Implications. International Monetary Fund. WP/19/105.
  • Gourdon, J. (2010). FDI flows and export diversification: looking at extensive and intensive margins. Trade Competitiveness of the Middle East and North Africa, 13-44.
  • Helpman E., & P. Krugman (1985). Market Structure and Foreign Trade, Cambridge (MA): The MIT Press.
  • Hesse, H. (2008). Export diversification and economic growth. Breaking into new markets: emerging lessons for export diversification, 55-80.
  • Hirschman, A. O. (1958). The Strategy of Economic Development, New Haven, Conn.: Yale University Press.
  • Jongwanich, J. (2020). Export diversification, margins and economic growth at industrial level: Evidence from Thailand. The World Economy. 1-49.
  • Kaulich, F. (2012). Diversification vs. specialization as alternative strategies for economic development: Can we settle a debate by looking at the empirical evidence? UNIDO Development Policy, Working Paper 3/2012.
  • Klinger, B., & Lederman, D. (2004). Discovery and Development: An Empricial Exploration of "New" Products (No. 3450). The World Bank.
  • Klinger, B., & Lederman, D. (2011). “Export Discoveries, Diversification and Barriers to Entry”. Economic Systems, 35(1), 64-83.
  • Krugman P., & Venables A.J. (1990). “Integration and the Competitiveness of Peripheral Industry”. In Bliss C. and J. Braga De Macedo (Eds.), Unity With Diversity in the European Economy: The Community's Southern Frontier. UK: Cambridge University Press. pp. 56-77.
  • Lectard, P., & Rougier, E. (2018). Can developing countries gain from defying comparative advantage? Distance to comparative advantage, export diversification and sophistication, and the dynamics of specialization. World Development, 102, 90-110.
  • Lederman, D., & Maloney, W. (2003). Trade Structure and Growth (No 3025). World Bank Policy Research Working Paper.
  • Leite, C. A., & Weidmann, J. (1999). Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth (No. 99/85). International Monetary Fund.
  • Love, J. (1979). Trade concentration and export instability. The Journal of Development Studies, 15(3), 60-69.
  • Mau, K. (2016). Export diversification and income differences reconsidered: The extensive product margin in theory and application. Review of World Economics, 152(2), 351-381.
  • Meilak, C. (2008). Measuring export concentration: The implications for small states. Bank of Valletta Review, 37, 35-48.
  • Melitz, M. J. (2003). The Impact of Trade on Intra‐Industry Reallocations and Aggregate Industry Productivity. Econometrica, 71(6), 1695-1725.
  • Min, S., Shin, H., Lee, J., & Lee, S. (2011). Analysis of Export diversification pattern in Korean industry. Korea Institute for Industrial Economics & Trade (KIET), Research Paper, (2011-615).
  • Minondo, A. (2011). Does comparative advantage explain countries’ diversification level? Review of World Economics, 147(3), 507-526.
  • Mohan, P. (2011). Caribbean Export Diversification along itsDevelopment Path. University of the West Indies. http://www.ccmfuwi.org/files/publications/conference/2011/5_1-Mohan-Watson-p.pdf
  • Murphy-Braynen, M. B., & Thurman, R. M. (2019). The Relationship between Export Diversification & Economic Growth: A Comparative Analysis with a Focus on Small Island States. International Journal of Trade, Economics and Finance, 10(4), 73-84.
  • Naldi, M., & Flamini, M. (2014, March). Interval estimation of the Herfindahl-Hirschman index under incomplete market information. In 2014 UKSim-AMSS 16th International Conference on Computer Modelling and Simulation (pp. 318-323). IEEE.
  • Nassif, C. (2010). Promoting New Exports: Experience from Industry Case Studies. In, J.R. López-Cálix, P. Walkenhorst, and N. Diop (Eds.) Trade Competitiveness of the Middle East and North Africa. World Bank, pp. 47-62.
  • Naudé, W., & Rossouw, R. (2011). Export diversification and economic performance: evidence from Brazil, China, India and South Africa. Economic Change and Restructuring, 44(1-2), 99-134.
  • OECD (2019). Aid for Trade at a Glance 2019: Economic Diversification and Empowerment, Paris: OECD Publishing.
  • Papageorgiou, C., & Spatafora, N. (2012). "Economic Diversification in LICs". In Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications. USA: Internatıonal Monetary Fund. https://doi.org/10.5089/9781475532180.006.
  • Parteka, A. (2010). Employment and export specialisation along the development path: some robust evidence. Review of World Economics, 145(4), 615-640.
  • Parteka, A., & Tamberi, M. (2011). Export Diversification and Development-Empirical Assessment (No. 359). Universita' Politecnica delle Marche Dipartimento di Scienze Economiche e Sociali Working Paper.
  • Parteka, A. (2013). Trade Diversity and Stages of Development-Evidence on EU Countries (No. 8/2013). GUT FME Working Paper Series A.
  • Parteka, A., & Tamberi, M. (2013). Product diversification, relative specialisation and economic development: Import–export analysis. Journal of Macroeconomics, 38, 121-135.
  • Prebisch, R. (1950). Economic Development of Latin America and its Principal Problems, New York: United Nations for ECLA.
  • Regis, P. J. (2018). The Extensive and Intensive Margins of Exports of Firms in Developing and Emerging Countries. International Review of Economics & Finance, 56, 39-49.
  • Rhoades, S. A. (1993). The Herfindahl-Hirschman Index. Federal Reserve Bulletin, (Mar), 188-189.
  • Sachs, J. D., & Warner, A. M. (1995). Natural Resource Abundance and Economic Growth (No. w5398). National Bureau of Economic Research.
  • Seabe, M. P., & Mogotsi, I. B. (2012). Determinants of Export Diversification for Southern African Customs Union Countries. International Journal of Economics & Business Studies, 2(1). 36-49.
  • Singer, H. W. (1950). The distribution of gains between borrowing and investing countries. American Economic Review, 40(2), 473-485.
  • Tegene, A. (1990). Commodity concentration and export earnings instability: The evidence from African countries. The American Economist, 34(2), 55-59.

An Empirical Analysis of Product Concentration and Income in High-Technology Exports

Year 2022, , 153 - 185, 29.06.2022
https://doi.org/10.26650/ekoist.2022.36.1039695

Abstract

Concentration on exports is important in terms of the contribution of exports to sustainable economic growth and income level. Therefore, literature researching the relationship between export concentration and income has emerged. However, the relationship in question has not yet been extensively analyzed concerning high-technology exports. The current study investigates the product concentration/diversification at the high-technology level, which has made it a pioneering study and the validity of the resource curse hypothesis for the high-technology sector. The findings obtained by panel data econometrics in a sample from 1988 to 2017 in 49 countries show that the U-shaped relationship put forward for general exports does not apply to high-technology (HT) exports. There is no diversification curve between HT-export concentration and income. However,the driver of diversification in HT exports has been found to be income level. Asincome levelsincrease, countries can diversify HT products. Besides, natural resource wealth is not a hindrance to the diversification of HT exports; instead, it contributes to diversification. This finding suggests that resource abundance does not exclude technological progress and knowledge economy activities. As control variables, country scale and trade volume indicators contribute positively to HT concentration. This result contradicts the literature put forward on general export.

References

  • Aditya, A., & Acharyya, R. (2013). Export diversification, composition, and economic growth: Evidence from cross-country analysis. The Journal of International Trade & Economic Development, 22(7), 959-992.
  • Amurgo-Pacheco, A., & Pierola, M. D. (2008). Patterns of Export Diversification in Developing Countries: Intensive and Extensive Margins (No. 4473). The World Bank.
  • Attaran, M., & Zwick, M. (1987). Entropy and other measures of industrial diversification. Quarterly Journal of Business and Economics, 17-34.
  • Bahar, D. (2016). Diversification or Specialization: What is the Path to Growth and Development? Global Economy and Development at the Brookings Institution. Policy Brief Report. Erişim Adresi: https://brook.gs/3vYrDwJ
  • Baliamoune-Lutz, M. (2009). Institutions, trade, and social cohesion in fragile states: Implications for policy conditionality and aid allocation. Journal of Policy Modeling, 31(6), 877-890.
  • Bebczuk, R. N., & Berrettoni, D. (2006). Explaining Export Diversification: An Empirical Analysis (No. 065). IIE, Universidad Nacional de La Plata.
  • Besedeš, T., & Prusa, T. J. (2006). Ins, outs, and the duration of trade. Canadian Journal of Economics/Revue Canadienne D'économique, 39(1), 266-295.
  • Blomstrom, M., & Kokko, A. (2006). “From Natural Resources to High-Tech Production: the Evolution of Industrial Competitiveness in Sweden and Finland”. In D. Lederman W. F. Maloney (Eds.), Natural Resources Neither Curse nor Destiny, USA: Stanford University Press. pp.213-256.
  • Bonaglia, F., & Fukasaku, K. (2003). Export Diversification in Low-Income Countries: An International Challenge After Doha (No. 209). OECD Publishing.
  • Cadot, O., Carrère, C., & Strauss-Kahn, V. (2011). Export diversification: what's behind the hump? Review of Economics and Statistics, 93(2), 590-605.
  • Carrère, C., Cadot, O., & Strauss-Kahn, V. (2011). Trade diversification: Drivers and impacts. Trade and Employment: From Myths to Facts, 253-307.
  • Cieslik, A., & Parteka, A. (2018). Export Variety, Productivity, and Country Size in a Multi-good Ricardian Model of Export Diversification. GUT FME Working Paper Series A, (6), 52.
  • De Ferranti, D., Perry, G. E., Lederman, D., & Maloney, W. E. (2002). From natural resources to the knowledge economy: trade and job quality. The World Bank.
  • Dixit, A., & Norman, V. (1980). Theory of International Trade: A Dual, General Equilibrium Approach. UK: Cambridge University Press. Driscoll, J. C., & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of economics and statistics, 80(4), 549-560.
  • Ekmen, S., & Erlat, G. (2014). Export Diversification and Competitiveness: Intensive and Extensive Margins of Turkey. Ekonomik Yaklaşım, 24(88), 35-64.
  • Erlat, G., & Akyüz, O. (2001). Country concentration of Turkish exports and imports over time. Topics in Middle Eastern and African Economies Vol. 3, September 2001. http://meea.sites.luc.edu/volume3/gerlat.pdf
  • FTC (2010), Horizontal Merger Guidelines 2010. Erişim Adresi: https://www.ftc.gov/sites/default/files/attachments/merger-review/100819hmg.pdf
  • Giri, R., Quayyum, M. S. N., & Yin, R. (2019). Understanding Export Diversification: Key Drivers and Policy Implications. International Monetary Fund. WP/19/105.
  • Gourdon, J. (2010). FDI flows and export diversification: looking at extensive and intensive margins. Trade Competitiveness of the Middle East and North Africa, 13-44.
  • Helpman E., & P. Krugman (1985). Market Structure and Foreign Trade, Cambridge (MA): The MIT Press.
  • Hesse, H. (2008). Export diversification and economic growth. Breaking into new markets: emerging lessons for export diversification, 55-80.
  • Hirschman, A. O. (1958). The Strategy of Economic Development, New Haven, Conn.: Yale University Press.
  • Jongwanich, J. (2020). Export diversification, margins and economic growth at industrial level: Evidence from Thailand. The World Economy. 1-49.
  • Kaulich, F. (2012). Diversification vs. specialization as alternative strategies for economic development: Can we settle a debate by looking at the empirical evidence? UNIDO Development Policy, Working Paper 3/2012.
  • Klinger, B., & Lederman, D. (2004). Discovery and Development: An Empricial Exploration of "New" Products (No. 3450). The World Bank.
  • Klinger, B., & Lederman, D. (2011). “Export Discoveries, Diversification and Barriers to Entry”. Economic Systems, 35(1), 64-83.
  • Krugman P., & Venables A.J. (1990). “Integration and the Competitiveness of Peripheral Industry”. In Bliss C. and J. Braga De Macedo (Eds.), Unity With Diversity in the European Economy: The Community's Southern Frontier. UK: Cambridge University Press. pp. 56-77.
  • Lectard, P., & Rougier, E. (2018). Can developing countries gain from defying comparative advantage? Distance to comparative advantage, export diversification and sophistication, and the dynamics of specialization. World Development, 102, 90-110.
  • Lederman, D., & Maloney, W. (2003). Trade Structure and Growth (No 3025). World Bank Policy Research Working Paper.
  • Leite, C. A., & Weidmann, J. (1999). Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth (No. 99/85). International Monetary Fund.
  • Love, J. (1979). Trade concentration and export instability. The Journal of Development Studies, 15(3), 60-69.
  • Mau, K. (2016). Export diversification and income differences reconsidered: The extensive product margin in theory and application. Review of World Economics, 152(2), 351-381.
  • Meilak, C. (2008). Measuring export concentration: The implications for small states. Bank of Valletta Review, 37, 35-48.
  • Melitz, M. J. (2003). The Impact of Trade on Intra‐Industry Reallocations and Aggregate Industry Productivity. Econometrica, 71(6), 1695-1725.
  • Min, S., Shin, H., Lee, J., & Lee, S. (2011). Analysis of Export diversification pattern in Korean industry. Korea Institute for Industrial Economics & Trade (KIET), Research Paper, (2011-615).
  • Minondo, A. (2011). Does comparative advantage explain countries’ diversification level? Review of World Economics, 147(3), 507-526.
  • Mohan, P. (2011). Caribbean Export Diversification along itsDevelopment Path. University of the West Indies. http://www.ccmfuwi.org/files/publications/conference/2011/5_1-Mohan-Watson-p.pdf
  • Murphy-Braynen, M. B., & Thurman, R. M. (2019). The Relationship between Export Diversification & Economic Growth: A Comparative Analysis with a Focus on Small Island States. International Journal of Trade, Economics and Finance, 10(4), 73-84.
  • Naldi, M., & Flamini, M. (2014, March). Interval estimation of the Herfindahl-Hirschman index under incomplete market information. In 2014 UKSim-AMSS 16th International Conference on Computer Modelling and Simulation (pp. 318-323). IEEE.
  • Nassif, C. (2010). Promoting New Exports: Experience from Industry Case Studies. In, J.R. López-Cálix, P. Walkenhorst, and N. Diop (Eds.) Trade Competitiveness of the Middle East and North Africa. World Bank, pp. 47-62.
  • Naudé, W., & Rossouw, R. (2011). Export diversification and economic performance: evidence from Brazil, China, India and South Africa. Economic Change and Restructuring, 44(1-2), 99-134.
  • OECD (2019). Aid for Trade at a Glance 2019: Economic Diversification and Empowerment, Paris: OECD Publishing.
  • Papageorgiou, C., & Spatafora, N. (2012). "Economic Diversification in LICs". In Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications. USA: Internatıonal Monetary Fund. https://doi.org/10.5089/9781475532180.006.
  • Parteka, A. (2010). Employment and export specialisation along the development path: some robust evidence. Review of World Economics, 145(4), 615-640.
  • Parteka, A., & Tamberi, M. (2011). Export Diversification and Development-Empirical Assessment (No. 359). Universita' Politecnica delle Marche Dipartimento di Scienze Economiche e Sociali Working Paper.
  • Parteka, A. (2013). Trade Diversity and Stages of Development-Evidence on EU Countries (No. 8/2013). GUT FME Working Paper Series A.
  • Parteka, A., & Tamberi, M. (2013). Product diversification, relative specialisation and economic development: Import–export analysis. Journal of Macroeconomics, 38, 121-135.
  • Prebisch, R. (1950). Economic Development of Latin America and its Principal Problems, New York: United Nations for ECLA.
  • Regis, P. J. (2018). The Extensive and Intensive Margins of Exports of Firms in Developing and Emerging Countries. International Review of Economics & Finance, 56, 39-49.
  • Rhoades, S. A. (1993). The Herfindahl-Hirschman Index. Federal Reserve Bulletin, (Mar), 188-189.
  • Sachs, J. D., & Warner, A. M. (1995). Natural Resource Abundance and Economic Growth (No. w5398). National Bureau of Economic Research.
  • Seabe, M. P., & Mogotsi, I. B. (2012). Determinants of Export Diversification for Southern African Customs Union Countries. International Journal of Economics & Business Studies, 2(1). 36-49.
  • Singer, H. W. (1950). The distribution of gains between borrowing and investing countries. American Economic Review, 40(2), 473-485.
  • Tegene, A. (1990). Commodity concentration and export earnings instability: The evidence from African countries. The American Economist, 34(2), 55-59.
There are 54 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Devran Şanlı 0000-0003-4106-3799

Aziz Konukman 0000-0003-0269-3245

Publication Date June 29, 2022
Submission Date December 21, 2021
Published in Issue Year 2022

Cite

APA Şanlı, D., & Konukman, A. (2022). Yüksek Teknoloji İhracatında Ürün Yoğunlaşması ve Gelir Üzerine Ampirik Bir Analiz. EKOIST Journal of Econometrics and Statistics(36), 153-185. https://doi.org/10.26650/ekoist.2022.36.1039695