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Has the Industrial Sector Lost Its Importance? An Examination of Exports and Competitiveness

Year 2023, Volume: 73 Issue: 1, 307 - 331, 26.06.2023
https://doi.org/10.26650/ISTJECON2022-1208734

Abstract

This study examines the effects that the industrial sector, whose share in the economies of countries gradually decreasing, and the innovation that has come to the fore under the competitive conditions of today have on exports and competitiveness. The study covers the 2008-2017 period for 35 OECD countries and has preferred data on the value the manufacturing industry adds for the industry sector and data on R&D expenditures in regard to innovation. The results obtained from the applied panel data analysis method show the increase in the manufacturing industry to have positively affected competitiveness and goods exports and the increase in R&D expenditures to have positively affected competitiveness, goods exports, and high technology exports. As a result, the study concludes the manufacturing industry as the most important branch of the industrial sector to have an important role in the development of competitiveness and exports that bring sustainability to economic growth, with innovation-oriented initiatives suchas R&D activities in this sector also significantly increasing this effect.

References

  • Aghion, P. & Howitt P. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323-351. https://doi.org/10.2307/2951599 Aktan, C.C. ve Vural, İ.Y. (2004). Rekabet gücü ve rekabet stratejileri. Rekabet dizisi: 2. Ankara, TİSK Yayınları. google scholar
  • Ascari, G. & Di Cosmo V. (2004). Determination of total factor productivity in Italian regions” Quaderni di Dipartimento, EPMQ_Working Paper No:170, 1-24. google scholar
  • Ateşoğlu, H. S. (1993). Manufacturing and economic growth in the United States. Applied Economics, 25(1), 67-69. https://doi.org/10.1080/00036849300000114 Bairam, E. (1991). Economic growth and Kaldor's law: the case of Turkey, 1925-78. Applied Economics, 23(8), 1277-1280. https://doi.org/10.1080/00036849100000048 Baltagi, B.H. (2008). Econometric analysis of panel data. West Sussex, John Wiley & Sons. google scholar
  • Barro, R. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), 103-125. https://doi.org/10.1086/261726 Cameron, A.C. & Trivedi, P.K. (2010). Microeconometrics using stata. Texas, Stata Press. google scholar
  • Godin, B. (2008). In the shadow of Schumpeter: W. Rupert Maclaurin and the study of technological innovation. Minerva, 46(3), 343-360. google scholar
  • Guellec, D. & Van Pottelsberghe, B. (2001). R&D and productivity growth: Panel data analysis of 16 OECD countries. OECD, Science, Technology and İndustry Working Papers, No:2001/3, 1-25. Güneş, S. ve Akın, T. (2019). Yüksek teknolojili ürün ihracatı: Lider ülkeler ve Türkiye analizi. Sosyoekonomi, 27(40), 11-29. https://doi.org/10.17233/sosyoekonomi.2019.02.01 Güriş, S. (2018). Panel veri modelleri. S. Güriş (Ed.), Uygulamalı panel veri ekonometrisi kitabı içinde (3-39). İstanbul, Der Yayınları. google scholar
  • Hill, R.C., Griffiths, W.C. & Lim, G.C. (2008). Principles of econometrics, U.S, John Wiley & Sons, google scholar
  • Kesbiç, C. Y. ve Kirman, A. (2020). Katma değerin yüksek teknoloji ihracatı üzerindeki etkisinin OECD ülkeleri açısından analizi. Finans Politik & Ekonomik Yorumlar, 57(654), 99-117. google scholar
  • Kiselakova, D., Sofrankova, B., Cabinova, V., Onuferova, E. & Soltesova, J. (2018). The impact of R&D expenditure on the development of global competitiveness within the CEE EU countries. Journal of Competitiveness, 10(3), 34-50. https://doi.org/10.7441/joc.2018.03.03 google scholar
  • Kurtulmuş, C. ve Akgül, A. K. (2021). Girişimcilik, inovasyon ve ekonomik büyümenin küresel rekabet üzerine etkisi: Panel veri analizi. Business & Management Studies: An InternationalJournal, 9(2), 765-777. https://doi.org/10.15295/bmij.v9i2.1774 google scholar
  • Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7 google scholar
  • Özer, M. ve Çiftçi N. (2009). Ar-ge harcamaları ve ihracat ilişkisi: OECD ülkeleri panel veri analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (23), 39-50. google scholar
  • Porter, M.E. (1990). The competitive advantage of nations. New York, Free Press. google scholar
  • Rapkin, D.P. & Strand J.R. (1995). Competitivnes: Useful concept, political slogan, or dangerous obsession. İn D.P. Rapkin & W.P. Avery (Eds.), National competitivness in a global economy London, Lynne Rienner Publishers. google scholar
  • Rodriguez, J.L. & Rodriguez, R.M.G. (2005). Technology and export behaviour: A resource-based view approach. International Business Review, 14(5), 539-557. https://doi.org/10.1016/j. ibusrev.2005.07.002 google scholar
  • Romer, P.M. (1987). Crazy explanations for the productivity slowdown. NBER Macroeconomics Annual, 1, 163-201. google scholar
  • Romer, P.M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), 71-102. google scholar
  • Sandua, S. & Ciocanel B. (2014). İmpact of R&D and innovation on high-tech export. Procedia Economics and Finance, 15, 80-90. https://doi.org/10.1016/S2212-5671(14)00450-X google scholar
  • Stoneman, P. (1979). Kaldor's law and British economic growth: 1800-1970. Applied Economics, 11(3), 309-319. https://doi.org/10.1080/758531543 google scholar
  • Szirmai, A. & Verspagen, B. (2015). Manufacturing and economic growth in developing countries, 1950-2005. Structural Change and Economic Dynamics, 34, 46-59. https://doi.org/10.1016/j. strueco.2015.06.002 google scholar
  • Szirmai, A. (2009). Industrialisation as an engine of growth in developing countries, United Nations University MERIT Working Papers 2009-010, 1-48. google scholar
  • Thirlwall, A.P. (1983). A plain man's guide to Kaldor's growth laws. Journal of Post Keynesian Economics, 5(3), 345-358. https://doi.org/10.1080/01603477.1983.11489375 google scholar
  • Tregenna, F. (2009). 'Services' in Marxian economic thought,” Cambridge Working Papers in Economics 0935, 1-28. https://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0935. pdf google scholar
  • Ülkü, H. (2004). R&D, innovation, and economic growth: An empricial analysis”, IMF Working Paper, No:185. google scholar
  • Ün, T. (2008). Panel veri modellerinin varsayımlarının testi. S. Güriş (Ed.), Uygulamalı panel veri ekonometrisi kitabı içinde (75-101). İstanbul, Der Yayınları, 75-101. google scholar
  • Wakelin, K. (2001). Productivity growth and R&D expenditure in UK manufacturing firms. Research Policy, 30(7), 1079-1090. https://doi.org/10.1016/S0048-7333(00)00136-0 google scholar
  • Wooldridge, J.M. (2013). Introductory econometrics: A modern approach (5th Ed). South Western, Cengage Learning. google scholar
  • Yerdelen Tatoğlu, F. (2012). Panel veri ekonometrisi (1.bs). İstanbul, Beta Yayınları. google scholar
  • Zhylinska, O., Bazhenova, O., Chornodid, I. & Oliskevych, M. (2020). Terms of trade and industrialization: Case of economies with manufacturing exports. Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration, 28(2), 1087. https:// doi.org/10.46585/sp28021087 google scholar

Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme

Year 2023, Volume: 73 Issue: 1, 307 - 331, 26.06.2023
https://doi.org/10.26650/ISTJECON2022-1208734

Abstract

Bu çalışmada, ülke ekonomilerindeki payı giderek azalan sanayi sektörünün ve günümüz rekabet koşularında ön plana çıkan inovasyonun ihracat ve rekabet gücü üzerindeki etkileri incelenmiştir. 35 OECD ülkesinin 2008-2017 dönemini kapsayan çalışmada, sanayi sektörü için imalat sanayi katma değeri, inovasyon için ise Ar-Ge harcamalarına ilişkin veriler tercih edilmiştir. Uygulanan panel veri analizi yönteminden elde edilen sonuçlar, imalat sanayindeki artışın rekabet gücü ve mal ihracatı üzerinde, Ar-Ge harcamalarındaki artışın ise rekabet gücü, mal ihracatı ve yüksek teknoloji ihracatı üzerinde pozitif yönlü etkiler yarattığını göstermiştir. Dolayısıyla, sanayi sektörünün en önemli kolunu oluşturan imalat sanayinin, ekonomik büyümeye sürdürülebilirlik kazandıran rekabet gücü ve ihracatın geliştirilmesinde önemli bir role sahip olduğu, söz konusu sektörde Ar-Ge faaliyetleri gibi inovasyonayönelik girişimlerin bu etkiyi önemli oranda artırdığı sonucuna ulaşılmıştır.

References

  • Aghion, P. & Howitt P. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323-351. https://doi.org/10.2307/2951599 Aktan, C.C. ve Vural, İ.Y. (2004). Rekabet gücü ve rekabet stratejileri. Rekabet dizisi: 2. Ankara, TİSK Yayınları. google scholar
  • Ascari, G. & Di Cosmo V. (2004). Determination of total factor productivity in Italian regions” Quaderni di Dipartimento, EPMQ_Working Paper No:170, 1-24. google scholar
  • Ateşoğlu, H. S. (1993). Manufacturing and economic growth in the United States. Applied Economics, 25(1), 67-69. https://doi.org/10.1080/00036849300000114 Bairam, E. (1991). Economic growth and Kaldor's law: the case of Turkey, 1925-78. Applied Economics, 23(8), 1277-1280. https://doi.org/10.1080/00036849100000048 Baltagi, B.H. (2008). Econometric analysis of panel data. West Sussex, John Wiley & Sons. google scholar
  • Barro, R. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), 103-125. https://doi.org/10.1086/261726 Cameron, A.C. & Trivedi, P.K. (2010). Microeconometrics using stata. Texas, Stata Press. google scholar
  • Godin, B. (2008). In the shadow of Schumpeter: W. Rupert Maclaurin and the study of technological innovation. Minerva, 46(3), 343-360. google scholar
  • Guellec, D. & Van Pottelsberghe, B. (2001). R&D and productivity growth: Panel data analysis of 16 OECD countries. OECD, Science, Technology and İndustry Working Papers, No:2001/3, 1-25. Güneş, S. ve Akın, T. (2019). Yüksek teknolojili ürün ihracatı: Lider ülkeler ve Türkiye analizi. Sosyoekonomi, 27(40), 11-29. https://doi.org/10.17233/sosyoekonomi.2019.02.01 Güriş, S. (2018). Panel veri modelleri. S. Güriş (Ed.), Uygulamalı panel veri ekonometrisi kitabı içinde (3-39). İstanbul, Der Yayınları. google scholar
  • Hill, R.C., Griffiths, W.C. & Lim, G.C. (2008). Principles of econometrics, U.S, John Wiley & Sons, google scholar
  • Kesbiç, C. Y. ve Kirman, A. (2020). Katma değerin yüksek teknoloji ihracatı üzerindeki etkisinin OECD ülkeleri açısından analizi. Finans Politik & Ekonomik Yorumlar, 57(654), 99-117. google scholar
  • Kiselakova, D., Sofrankova, B., Cabinova, V., Onuferova, E. & Soltesova, J. (2018). The impact of R&D expenditure on the development of global competitiveness within the CEE EU countries. Journal of Competitiveness, 10(3), 34-50. https://doi.org/10.7441/joc.2018.03.03 google scholar
  • Kurtulmuş, C. ve Akgül, A. K. (2021). Girişimcilik, inovasyon ve ekonomik büyümenin küresel rekabet üzerine etkisi: Panel veri analizi. Business & Management Studies: An InternationalJournal, 9(2), 765-777. https://doi.org/10.15295/bmij.v9i2.1774 google scholar
  • Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7 google scholar
  • Özer, M. ve Çiftçi N. (2009). Ar-ge harcamaları ve ihracat ilişkisi: OECD ülkeleri panel veri analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (23), 39-50. google scholar
  • Porter, M.E. (1990). The competitive advantage of nations. New York, Free Press. google scholar
  • Rapkin, D.P. & Strand J.R. (1995). Competitivnes: Useful concept, political slogan, or dangerous obsession. İn D.P. Rapkin & W.P. Avery (Eds.), National competitivness in a global economy London, Lynne Rienner Publishers. google scholar
  • Rodriguez, J.L. & Rodriguez, R.M.G. (2005). Technology and export behaviour: A resource-based view approach. International Business Review, 14(5), 539-557. https://doi.org/10.1016/j. ibusrev.2005.07.002 google scholar
  • Romer, P.M. (1987). Crazy explanations for the productivity slowdown. NBER Macroeconomics Annual, 1, 163-201. google scholar
  • Romer, P.M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), 71-102. google scholar
  • Sandua, S. & Ciocanel B. (2014). İmpact of R&D and innovation on high-tech export. Procedia Economics and Finance, 15, 80-90. https://doi.org/10.1016/S2212-5671(14)00450-X google scholar
  • Stoneman, P. (1979). Kaldor's law and British economic growth: 1800-1970. Applied Economics, 11(3), 309-319. https://doi.org/10.1080/758531543 google scholar
  • Szirmai, A. & Verspagen, B. (2015). Manufacturing and economic growth in developing countries, 1950-2005. Structural Change and Economic Dynamics, 34, 46-59. https://doi.org/10.1016/j. strueco.2015.06.002 google scholar
  • Szirmai, A. (2009). Industrialisation as an engine of growth in developing countries, United Nations University MERIT Working Papers 2009-010, 1-48. google scholar
  • Thirlwall, A.P. (1983). A plain man's guide to Kaldor's growth laws. Journal of Post Keynesian Economics, 5(3), 345-358. https://doi.org/10.1080/01603477.1983.11489375 google scholar
  • Tregenna, F. (2009). 'Services' in Marxian economic thought,” Cambridge Working Papers in Economics 0935, 1-28. https://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0935. pdf google scholar
  • Ülkü, H. (2004). R&D, innovation, and economic growth: An empricial analysis”, IMF Working Paper, No:185. google scholar
  • Ün, T. (2008). Panel veri modellerinin varsayımlarının testi. S. Güriş (Ed.), Uygulamalı panel veri ekonometrisi kitabı içinde (75-101). İstanbul, Der Yayınları, 75-101. google scholar
  • Wakelin, K. (2001). Productivity growth and R&D expenditure in UK manufacturing firms. Research Policy, 30(7), 1079-1090. https://doi.org/10.1016/S0048-7333(00)00136-0 google scholar
  • Wooldridge, J.M. (2013). Introductory econometrics: A modern approach (5th Ed). South Western, Cengage Learning. google scholar
  • Yerdelen Tatoğlu, F. (2012). Panel veri ekonometrisi (1.bs). İstanbul, Beta Yayınları. google scholar
  • Zhylinska, O., Bazhenova, O., Chornodid, I. & Oliskevych, M. (2020). Terms of trade and industrialization: Case of economies with manufacturing exports. Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration, 28(2), 1087. https:// doi.org/10.46585/sp28021087 google scholar
There are 29 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section Research Article
Authors

Hüseyin Karagöz 0000-0002-5973-5402

Sefer Şener 0000-0001-9453-4916

Publication Date June 26, 2023
Submission Date November 22, 2022
Published in Issue Year 2023 Volume: 73 Issue: 1

Cite

APA Karagöz, H., & Şener, S. (2023). Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme. İstanbul İktisat Dergisi, 73(1), 307-331. https://doi.org/10.26650/ISTJECON2022-1208734
AMA Karagöz H, Şener S. Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme. İstanbul İktisat Dergisi. June 2023;73(1):307-331. doi:10.26650/ISTJECON2022-1208734
Chicago Karagöz, Hüseyin, and Sefer Şener. “Sanayi Sektörü Önemini Yitirdi Mi? İhracat Ve Rekabet Gücü Ekseninde Bir İnceleme”. İstanbul İktisat Dergisi 73, no. 1 (June 2023): 307-31. https://doi.org/10.26650/ISTJECON2022-1208734.
EndNote Karagöz H, Şener S (June 1, 2023) Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme. İstanbul İktisat Dergisi 73 1 307–331.
IEEE H. Karagöz and S. Şener, “Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme”, İstanbul İktisat Dergisi, vol. 73, no. 1, pp. 307–331, 2023, doi: 10.26650/ISTJECON2022-1208734.
ISNAD Karagöz, Hüseyin - Şener, Sefer. “Sanayi Sektörü Önemini Yitirdi Mi? İhracat Ve Rekabet Gücü Ekseninde Bir İnceleme”. İstanbul İktisat Dergisi 73/1 (June 2023), 307-331. https://doi.org/10.26650/ISTJECON2022-1208734.
JAMA Karagöz H, Şener S. Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme. İstanbul İktisat Dergisi. 2023;73:307–331.
MLA Karagöz, Hüseyin and Sefer Şener. “Sanayi Sektörü Önemini Yitirdi Mi? İhracat Ve Rekabet Gücü Ekseninde Bir İnceleme”. İstanbul İktisat Dergisi, vol. 73, no. 1, 2023, pp. 307-31, doi:10.26650/ISTJECON2022-1208734.
Vancouver Karagöz H, Şener S. Sanayi Sektörü Önemini Yitirdi mi? İhracat ve Rekabet Gücü Ekseninde Bir İnceleme. İstanbul İktisat Dergisi. 2023;73(1):307-31.