Research Article

Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth

Volume: 6 Number: 2 December 31, 2024
TR EN

Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth

Abstract

This study aims to address Türkiye's persistent current account deficit and regional imbalances by considering the competitiveness dynamics of the economy. The study seeks to identify sophisticated product groups that Türkiye's 26 economic regions could focus on to achieve sustainable economic growth without generating high current account deficits. For this purpose, the sophistication of regional exports was comparatively analyzed using the EXPY method. Subsequently, the PRODY index was used to identify sophisticated product groups, and the Revealed Symmetric Comparative Advantage (RSCA) index was used to identify product groups in which regions have an export advantage. The analyses revealed that the level of sophistication of regional exports is heterogeneous. For example, it was found that regions such as TR41, TR42, TR51, TR52, and TR83 stand out positively in terms of export sophistication, while regions such as TR32, TR90, TRB1, TRB2, and TRC3 lag behind. Furthermore, the study identified many sophisticated product groups in which each region has a production and export advantage. This finding indicates that Türkiye has significant potential to achieve a more sophisticated production and export structure. In this context, the implementation of regional policies aimed at increasing the export of these sophisticated products for each region would contribute to increasing the sophistication of Türkiye's overall exports.

Keywords

Supporting Institution

TUBITAK

Project Number

122G044

Ethical Statement

In this scientific research conducted by us, there is no activity/study that would require an ethical committee decision.

Thanks

This study was supported by Scientific and Technological Research Council of Turkiye (TUBITAK) under the Grant Number 122G044. The authors thank to TUBITAK for their supports.

References

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Details

Primary Language

English

Subjects

Foreign Trade, Regional Studies

Journal Section

Research Article

Publication Date

December 31, 2024

Submission Date

May 31, 2024

Acceptance Date

December 26, 2024

Published in Issue

Year 2024 Volume: 6 Number: 2

APA
Hüseyni, İ., Uygur, M. N., Sakur, R., Dabakoğlu, M., Oflas, M., & Emsen, Ö. S. (2024). Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth. İktisadi Ve İdari Yaklaşımlar Dergisi, 6(2), 115-127. https://doi.org/10.47138/jeaa.1493667
AMA
1.Hüseyni İ, Uygur MN, Sakur R, Dabakoğlu M, Oflas M, Emsen ÖS. Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth. JEAA. 2024;6(2):115-127. doi:10.47138/jeaa.1493667
Chicago
Hüseyni, İbrahim, Mehmet Nazım Uygur, Reşat Sakur, Mehmet Dabakoğlu, Muhammed Oflas, and Ömer Selçuk Emsen. 2024. “Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth”. İktisadi Ve İdari Yaklaşımlar Dergisi 6 (2): 115-27. https://doi.org/10.47138/jeaa.1493667.
EndNote
Hüseyni İ, Uygur MN, Sakur R, Dabakoğlu M, Oflas M, Emsen ÖS (December 1, 2024) Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth. İktisadi ve İdari Yaklaşımlar Dergisi 6 2 115–127.
IEEE
[1]İ. Hüseyni, M. N. Uygur, R. Sakur, M. Dabakoğlu, M. Oflas, and Ö. S. Emsen, “Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth”, JEAA, vol. 6, no. 2, pp. 115–127, Dec. 2024, doi: 10.47138/jeaa.1493667.
ISNAD
Hüseyni, İbrahim - Uygur, Mehmet Nazım - Sakur, Reşat - Dabakoğlu, Mehmet - Oflas, Muhammed - Emsen, Ömer Selçuk. “Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth”. İktisadi ve İdari Yaklaşımlar Dergisi 6/2 (December 1, 2024): 115-127. https://doi.org/10.47138/jeaa.1493667.
JAMA
1.Hüseyni İ, Uygur MN, Sakur R, Dabakoğlu M, Oflas M, Emsen ÖS. Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth. JEAA. 2024;6:115–127.
MLA
Hüseyni, İbrahim, et al. “Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth”. İktisadi Ve İdari Yaklaşımlar Dergisi, vol. 6, no. 2, Dec. 2024, pp. 115-27, doi:10.47138/jeaa.1493667.
Vancouver
1.İbrahim Hüseyni, Mehmet Nazım Uygur, Reşat Sakur, Mehmet Dabakoğlu, Muhammed Oflas, Ömer Selçuk Emsen. Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth. JEAA. 2024 Dec. 1;6(2):115-27. doi:10.47138/jeaa.1493667

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