Competitive Power of Uzbekistan in Copper Industry: A Comparative Analysis with Selected Countries

Abstract

The copper industry is an essential part of the Uzbek economy. The copper industry is essential in terms of employment and exports. Today, copper is an essential export item in Uzbekistan. Uzbekistan’s exports of copper have been increased more than six times from $78 million to $586 million in the last 15 years. Copper exports accounted for 6.7% of total merchandise exports in Uzbekistan. The objective of this study is to determine the competitive power of the Uzbek copper industry. In this study, used Balassa’s Revealed Comparative Advantage index and Lafay’s index. The study used International Trade Centre statistical data for the period 2001-2017. A study found that Uzbekistan has a reliable, competitive power in the copper industry.

Keywords

• Uzbekistan,copper industry,foreign trade,competitive power

Competitive Power of Uzbekistan in Copper Industry: A Comparative Analysis with Selected Countries

Abstract

The copper industry is an essential part of the Uzbek economy. The copper industry is essential in terms of employment and exports. Today, copper is an essential export item in Uzbekistan. Uzbekistan’s exports of copper have been increased more than six times from $78 million to $586 million in the last 15 years. Copper exports accounted for 6.7% of total merchandise exports in Uzbekistan. The objective of this study is to determine the competitive power of the Uzbek copper industry. In this study, used Balassa’s Revealed Comparative Advantage index and Lafay’s index. The study used International Trade Centre statistical data for the period 2001-2017. A study found that Uzbekistan has a reliable, competitive power in the copper industry.

Keywords

• Özbekistan,bakır sektörü,dış ticaret,rekabet gücü

References

1. Abtew, M. (2015). Revealed Comparative Advantage of Ethiopian Leather Industry with Selected African Economies, International Journal of Business and Economics Research, 4(5), 229-237.
2. Akhtar, N., Zakir, N. ve Ghani, E. (2008). Changing Revealed Comparative Advantage: A Case Study of Footwear Industry of Pakistan, Pakistan Development Review, 47(4), 695-709.
3. Alessandrini, M. ve Batuo, M.E. (2010). The trade specialization of SANE: Evidence from manufacturing industries, The European Journal of Comparative Economics, 7(1), 145-178.
4. Assadzadeh, A., Behbudi, D., Miyarkolaie, N.F. ve Moghadam, H.M. (2013). A Study of the Revealed Comparative Advantage in the Textile and Clothing Industries between Iran and Turkey, International Journal of Economics and Finance Studies, 5(2), 95-107.
5. Bashimov, G. (2017). Orta Asya Ekonomilerinin Tekstil ve Hazır Giyim Sektöründeki Uluslararası Rekabet Gücü, İşletme ve İktisat Çalışmaları Dergisi, 5 (2), 23-33.
6. Başkol, O. (2011). Türk Otomotiv Sektörünün Uluslararası Rekabet Gücü (1996-2010), Paradoks Ekonomi, Sosyoloji ve Politika Dergisi, 7 (2), 63-78.
7. Çeştepe, H. ve Ermiş, A. (2007). Türk seramik sektörünün rekabet gücü (1996-2002), Süleyman Demirel Üniversitesi İ.İ.B.F. Dergisi, 12(1), 127-143
8. Çoban, O. ve Kök, R. (2005). Türkiye Tekstil Endüstrisi ve Rekabet Gücü: AB Ülkeleriyle Karşılaştırmalı Bir Analiz Örneği, 1989-2001, İktisat, İşletme ve Finans Dergisi, 228, 68-81.

9. Erkan, B. (2011). SITC Teknoloji Sınıflandırmasına İlişkin Açıklanmış Karşılaştırmalı Üstünlüklerin Belirlenmesi: Türkiye ve Diğer N-11 Ülkelerinin Karşılaştırılması, Finans Politik & Ekonomik Yorumlar Dergisi, 48 (558), 35-48.
10. Eroğlu, Ö. ve Özdamar, G. (2006). Türk imalat sanayinin rekabet gücü ve beyaz eşya sektörü üzerine bir inceleme, Akdeniz İ.İ.B.F. Dergisi, 11, 85-104.
11. Havrila, I. ve Gunawardana, P. (2003). Analysing Comparative Advantage and Competitiveness: An Application to Australia’s Textile and Clothing Industries, Australian Economic Papers, 42(1), 103-117.
12. Hinloopen, J. ve Marrewijk, C.V. (2001). On the empirical distribution of the Balassa index, Review of World Economics, 137(1), 1-35.
13. Intracen, (2019). International Trade Statistics. http://www.intracen.org/itc/market-info-tools/statistics-export-product-country/ (10.02.2019)
14. Kanaka, S. ve Chinadurai, M. (2012). A study of comparative advantage of Indian agricultural exports, Journal of Management and Science, 2(3), 1-9.
15. Kelleci, S.Ü. ve Bostan, A. (2014). Kırgızistan Altın Sektörünün Rekabet Gücü, Reforma İktisadi Bilimler Dergisi, 1(61), 52-60.
16. Maleskic, A. ve Adıgüzel, M. (2017). Bosna Hersek Ekonomisinin Rekabet Gücünün İncelenmesi ve Değerlendirilmesi, İstanbul Ticaret Üniversitesi Dış Ticaret Enstitüsü WPS No: 60, İstanbul.
17. Mushanyuri, B.E. ve Mzumara, M. (2013). An assessment of comparative advantage of Mauritius, European Journal of Sustainable Development, 2(3), 35-42.
18. Obadi, S.M. (2016). Revealed Comparative Advantage and Competitiveness in the EU-28 and the USA, Economic Review, 45 (2), 243-259.
19. Oelgemöller, J. (2012). Analyzing the International Competitiveness of the Industry in Portugal, Ireland, Greece and Spain using Revealed Comparative Advantages (RCA) Indicators, CAWM Discussion Paper No: 61.
20. Saray, M.O. ve Hark, R. (2015). OECD ülkelerinin ileri-teknoloji ürünlerindeki rekabet güçlerinin değerlendirilmesi, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 5(1), 347-372.
21. Savin, I. ve Winker, P. (2009). Forecasting Russian foreign trade comparative advantages in the context of a potential WTO accession, Central European Journal of Economic Modelling and Econometrics, 2, 111-138.
22. Song, M. ve Gazo, R. (2013). Competitiveness of US Household and Office Furniture Industry. International Journal of Economics and Management Engineering, 3(2), 47-55.
23. Şahin, D. (2016). Türk Beyaz Eşya Sektörünün Dış Ticaret Yapısı: Seçilmiş Ülkelerle Karşılaştırmalı Bir Analiz, Kesit Akademi Dergisi, 2(4), 105-124.
24. Yang, Y. (1999). China’s Textile and Clothing Exports: Changing International Comparative Advantage and Its Policy Implications, Asia Pacific Press, CEP 99-3.
25. Zaghini, A. (2005). Evolution of trade patterns in the new EU member states, Economics of Transition, 13(4), 629-658.