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BİRLEŞİK KRALLIK VE ABD ARASINDAKİ ENDÜSTRİ İÇİ TİCARETİ ETKİLEYEN FAKTÖRLER: ARDL MODELİ YAKLAŞIMI

Year 2022, Issue: 63, 1 - 7, 30.12.2022
https://doi.org/10.18070/erciyesiibd.1057234

Abstract

Bu çalışma, Birleşik Krallık ve Amerika Birleşik Devletleri arasındaki imalat sektöründe endüstri
içi ticaretin bir analizidir. Analiz 1993-2019 yıllarını kapsamaktadır. Endüstri içi ticareti etkileyen
faktörler ve etkileri incelenmiştir. ARDL yaklaşımı yardımıyla değişkenler arasındaki eşbütünleşme
test edilmiştir. Elde edilen sonuçlara göre, uzun dönemde doğrudan yabancı yatırım, kişi başına gelir
farkı ve ticari açıklık etkili olurken, kısa dönemde kişi başına gelir farkı, GSYH farkı ve ticaret yönelimi
etkili olduğu gözlemlenmiştir. Kişi başına gelir farkı hem kısa vadede hem de uzun vadede endüstri içi
ticaret üzerinde bir etkiye sahiptir ve bu da benzer kişi başına gelir seviyelerine sahip ülkeler arasında
uluslararası ticaretin daha güçlü olacağını öne süren Linder’in Tercihlerde Benzerlik Teorisini ortaya
koymaktadır.

References

  • Başkol, M.O. (2009). Türkiye’nin Endüstri-İçi Ticaretinin Analizi. Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 18(2), 1-24.
  • BBCNews (26.04.1993) 1993: Recession over - it's official. Access adress: http://news.bbc.co.uk/onthisday/hi/dates/stories/april/26/newsid_2503000/2503271.stm
  • Bhattacharyya, R. (2005). Economic Development and Intra-industry Trade in the Republic of Korea. Journal of Economic Integration, 20(4), 809-831.
  • Brüllhart, M. and Elliott, R.J.R (1998). Adjustment to the European single market: inferences from intra-industry trade patterns. Journal of Economic Studies, 25(3), 1998, 225-247.
  • Clark, D.P. and Stanley, D.L. (1999). Determinants of Intra-Industry Trade Between Developing Countries and the United States. Journal of economic Development, 24(2), 79-95.
  • Dickey, D.A. and Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74, 427-431.
  • Grubel, H.G. and Lloyd, P.J. (1975) Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products. London: Macmillan Press.
  • Grubel, H.G. and Lloyd, P.J. (2007). The Empirical Measurement of Intra‐Industry Trade. Economic Record 47(4):494 – 517. DOI: 10.1111/j.1475-4932.1971.tb00772.x
  • Havrylyshyn, O. and Kunzel, P.J. (1997). Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness. IMF Working Paper 97/47.
  • Köse, Z. and Meral, G. (2019). Türkiye-Amerika Birleşik Devletleri Arası Endüstri İçi Ticaret ve Döviz Kuru İlişkisi. Sosyal Ekonomik Araştırmalar Dergisi, 19(38), 184-201.
  • Küçükahmetoğlu, O. and Aydın, A. (2015). Türkiye’nin Ticari Hizmetler Endüstri içi Ticareti: Ülkeye Özgü Belirliyicilerin Tespiti Üzerine Bir Uygulama. Yönetim ve Ekonomi Araştırmaları Dergisi, 13(1), 326-346.
  • Łapińska, J., Kądzielawski, G. and Dziuba R. (2019). Country-specific Determinants of Intra-Industry Trade in Clothing and Footwear between Poland and European Union Countries. Fibres & Textiles in Eastern Europe, 27, 4(136), 23-29.
  • Linder, S.B. (1961). An Essay on Trade and Transformation, Stockholm: John Wiley & Sons Ltd.
  • OECD (2018). International Direct Investment Statistics Yearbook. Access Address: https://read.oecd-ilibrary.org/finance-and-investment/oecd-international-direct-investment-statistics-2018_bb55ccaf-en#page306
  • OECD (2020a). FDI Flows by Partner Country. Access address: https://stats.oecd.org/index.aspx?DataSetCode=FDI_FLOW_PARTNER#
  • OECD (2020b). International Direct Investment Statistics Yearbook. Access address: https://read.oecd-ilibrary.org/finance-and-investment/oecd-international-direct-investment-statistics-2020_e6696186-en#page1
  • Office for National Statistic (2021). UK Trading Partners and Trade Relationships: 2020. Access address: https://www.ons.gov.uk/businessindustryandtrade/internationaltrade/articles/uktradingpartnersananalysisoftraderelationships/2020 3.11.2021
  • Özdemir, M. and Köseoğlu, L. (2019). Türkiye’nin İhracatçı Sektörlerinde Endüstri İçi Ticaretin Payı: 1990-2017 Dönemi üzerine Bir İnceleme. Journal of Social Sciences and Fine Arts (JASSFA), 1(1), 40-56.
  • Pesaran, M.H. and Shin, Y. (1995). An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. Cambridge Working Papers in Economics 9514, Faculty of Economics, University of Cambridge.
  • Perron, P. (1989). The great crash, the oil price shock and the unit root hypothesis. Econometrica, 57, 1361-1401.
  • Salvatore, D. (1998). International Economics. New Jersey: Prentice Hall.Inc.
  • Saygın, S.Ü. (2020). Demir Çelik Sektöründe Endüstri İçi Ticaret: Türkiye ve AB Ülkeleri Üzerine bir Analiz. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 11(Ek), 102-116.
  • Shahbaz, M. & Leitão, N.C. and Butt, M.S. (2012). Pakistan Intra-Industry Trade: A Panel Data Approach. International Journal of Economics and Financial Issues, Econjournals, v2(2), 225-232.
  • Şahin, D. (2016). Faktör Yoğunluğuna Göre Endüstri-İçi Ticaretin Statik Ölçümü: Türkiye Örneği. Akademik Bakış Dergisi, 54, 174-187.
  • Tatar, H.E. (2020). Türkiye-Ekonomik İşbirliği Teşkilatı Arasında İmalat Sektöründe Endüstri-İçi Ticaretin Ampirik Analizi. Yönetim ve Ekonomi Araştırmaları Dergisi, 18(3), 80-95.
  • Vogiatzoglou, K. (2007). Intra and Extra-EU Intra-Industry Trade in Greece:Trends, Determinants, and Structural Adjustment. Journal of Economic and Social Research, 9(1), 19-54.
  • Wang, F., Liu, S., Cheng, B., Jiang, Q., Tian, Y. and Xiong, L. (2019). How Can Intra-Industry Trade of Forest Products be Promoted? An Empirical Analysis from China. Forests, 10, 1-16.
  • World Bank (2021a). World Trade Integrated Solution (Wits). Exports By Country Manufactures to World in US$ Thousand 1993-2019. Access address: https://wits.worldbank.org/CountryProfile/en/Country/BY-COUNTRY/StartYear/1993/EndYear/2019/TradeFlow/Export/Indicator/XPRT-TRD-VL/Partner/WLD/Product/manuf#
  • World Bank (2021b). Economy Indicators. Access address: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?view=chart

THE FACTORS AFFECTING THE INTRA INDUSTRY TRADE BETWEEN THE UNITED KINGDOM AND THE UNITED STATES: AN ARDL MODEL APPROACH

Year 2022, Issue: 63, 1 - 7, 30.12.2022
https://doi.org/10.18070/erciyesiibd.1057234

Abstract

This study is an analysis of the intra industry trade between the United Kingdom and the United States
of America in the manufacturing sector. The analysis comprises of the years between 1993 and 2019.
The factors influencing the intra industry trade and their impacts are examined. With the help of
ARDL approach, cointegration between the variables is tested. According to the results, foreign direct
investment, per capita income difference and trade openness are affective in the long run, but in the
short run, per capita income difference, GDP difference and trade orientation are affective. Per capita
income difference has an impact on the intra industry trade both in the short run and in the long run,
demonstrating the Linder’s Theory of Overlapping Demands which proposes that the international
trade will be stronger between countries with similar per capita income levels.

References

  • Başkol, M.O. (2009). Türkiye’nin Endüstri-İçi Ticaretinin Analizi. Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 18(2), 1-24.
  • BBCNews (26.04.1993) 1993: Recession over - it's official. Access adress: http://news.bbc.co.uk/onthisday/hi/dates/stories/april/26/newsid_2503000/2503271.stm
  • Bhattacharyya, R. (2005). Economic Development and Intra-industry Trade in the Republic of Korea. Journal of Economic Integration, 20(4), 809-831.
  • Brüllhart, M. and Elliott, R.J.R (1998). Adjustment to the European single market: inferences from intra-industry trade patterns. Journal of Economic Studies, 25(3), 1998, 225-247.
  • Clark, D.P. and Stanley, D.L. (1999). Determinants of Intra-Industry Trade Between Developing Countries and the United States. Journal of economic Development, 24(2), 79-95.
  • Dickey, D.A. and Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74, 427-431.
  • Grubel, H.G. and Lloyd, P.J. (1975) Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products. London: Macmillan Press.
  • Grubel, H.G. and Lloyd, P.J. (2007). The Empirical Measurement of Intra‐Industry Trade. Economic Record 47(4):494 – 517. DOI: 10.1111/j.1475-4932.1971.tb00772.x
  • Havrylyshyn, O. and Kunzel, P.J. (1997). Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness. IMF Working Paper 97/47.
  • Köse, Z. and Meral, G. (2019). Türkiye-Amerika Birleşik Devletleri Arası Endüstri İçi Ticaret ve Döviz Kuru İlişkisi. Sosyal Ekonomik Araştırmalar Dergisi, 19(38), 184-201.
  • Küçükahmetoğlu, O. and Aydın, A. (2015). Türkiye’nin Ticari Hizmetler Endüstri içi Ticareti: Ülkeye Özgü Belirliyicilerin Tespiti Üzerine Bir Uygulama. Yönetim ve Ekonomi Araştırmaları Dergisi, 13(1), 326-346.
  • Łapińska, J., Kądzielawski, G. and Dziuba R. (2019). Country-specific Determinants of Intra-Industry Trade in Clothing and Footwear between Poland and European Union Countries. Fibres & Textiles in Eastern Europe, 27, 4(136), 23-29.
  • Linder, S.B. (1961). An Essay on Trade and Transformation, Stockholm: John Wiley & Sons Ltd.
  • OECD (2018). International Direct Investment Statistics Yearbook. Access Address: https://read.oecd-ilibrary.org/finance-and-investment/oecd-international-direct-investment-statistics-2018_bb55ccaf-en#page306
  • OECD (2020a). FDI Flows by Partner Country. Access address: https://stats.oecd.org/index.aspx?DataSetCode=FDI_FLOW_PARTNER#
  • OECD (2020b). International Direct Investment Statistics Yearbook. Access address: https://read.oecd-ilibrary.org/finance-and-investment/oecd-international-direct-investment-statistics-2020_e6696186-en#page1
  • Office for National Statistic (2021). UK Trading Partners and Trade Relationships: 2020. Access address: https://www.ons.gov.uk/businessindustryandtrade/internationaltrade/articles/uktradingpartnersananalysisoftraderelationships/2020 3.11.2021
  • Özdemir, M. and Köseoğlu, L. (2019). Türkiye’nin İhracatçı Sektörlerinde Endüstri İçi Ticaretin Payı: 1990-2017 Dönemi üzerine Bir İnceleme. Journal of Social Sciences and Fine Arts (JASSFA), 1(1), 40-56.
  • Pesaran, M.H. and Shin, Y. (1995). An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. Cambridge Working Papers in Economics 9514, Faculty of Economics, University of Cambridge.
  • Perron, P. (1989). The great crash, the oil price shock and the unit root hypothesis. Econometrica, 57, 1361-1401.
  • Salvatore, D. (1998). International Economics. New Jersey: Prentice Hall.Inc.
  • Saygın, S.Ü. (2020). Demir Çelik Sektöründe Endüstri İçi Ticaret: Türkiye ve AB Ülkeleri Üzerine bir Analiz. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 11(Ek), 102-116.
  • Shahbaz, M. & Leitão, N.C. and Butt, M.S. (2012). Pakistan Intra-Industry Trade: A Panel Data Approach. International Journal of Economics and Financial Issues, Econjournals, v2(2), 225-232.
  • Şahin, D. (2016). Faktör Yoğunluğuna Göre Endüstri-İçi Ticaretin Statik Ölçümü: Türkiye Örneği. Akademik Bakış Dergisi, 54, 174-187.
  • Tatar, H.E. (2020). Türkiye-Ekonomik İşbirliği Teşkilatı Arasında İmalat Sektöründe Endüstri-İçi Ticaretin Ampirik Analizi. Yönetim ve Ekonomi Araştırmaları Dergisi, 18(3), 80-95.
  • Vogiatzoglou, K. (2007). Intra and Extra-EU Intra-Industry Trade in Greece:Trends, Determinants, and Structural Adjustment. Journal of Economic and Social Research, 9(1), 19-54.
  • Wang, F., Liu, S., Cheng, B., Jiang, Q., Tian, Y. and Xiong, L. (2019). How Can Intra-Industry Trade of Forest Products be Promoted? An Empirical Analysis from China. Forests, 10, 1-16.
  • World Bank (2021a). World Trade Integrated Solution (Wits). Exports By Country Manufactures to World in US$ Thousand 1993-2019. Access address: https://wits.worldbank.org/CountryProfile/en/Country/BY-COUNTRY/StartYear/1993/EndYear/2019/TradeFlow/Export/Indicator/XPRT-TRD-VL/Partner/WLD/Product/manuf#
  • World Bank (2021b). Economy Indicators. Access address: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?view=chart
There are 29 citations in total.

Details

Primary Language English
Journal Section Makaleler
Authors

Özlem Toplu Yılmaz 0000-0001-5335-8370

Early Pub Date December 29, 2022
Publication Date December 30, 2022
Acceptance Date July 17, 2022
Published in Issue Year 2022 Issue: 63

Cite

APA Toplu Yılmaz, Ö. (2022). THE FACTORS AFFECTING THE INTRA INDUSTRY TRADE BETWEEN THE UNITED KINGDOM AND THE UNITED STATES: AN ARDL MODEL APPROACH. Erciyes Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi(63), 1-7. https://doi.org/10.18070/erciyesiibd.1057234

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