An Analysis For Industrial Development In Turkey. I: Distribution of The Largest Companies

Year 2018, Volume: 3 Issue: 1, 83 - 105, 30.05.2018

Ahmet Yücekaya

https://doi.org/10.30931/jetas.448262

Cited By: 2

Abstract

The location of large companies can be used to analyze the distribution of industrial facilities and capital. Turkey, an emerging economy, has experienced a rapid change for the last two decades in terms of industrial change. In this paper, we propose a trend analysis-based methodology to analyze the development of the largest 500 companies in Turkey in an effort to observe the regional change and development. We first analyze the number of companies in seven regions between 2012 and 2015 and observe that the number of the largest companies move from the developed regions to less developed regions. A city-based research on the most important cities for the analysis is also included in our project. It is observed that central industrial cities including Istanbul rapidly lose their largest companies to other cities. The results of the city and region analysis confirm that a higher number of large companies are likely to emerge in different cities and regions of the country.

Keywords

The largest companies, trend analysis, regional analysis, urban analysis

References

• [1] Keskek, S., Orhan, M. 2010. Inflation and Inflation Uncertainty in Turkey. Applied Economics. 42:1281-1291.
• [2] Turkstat, 2017, Turkish Statistical Institution, http://www.turkstat.gov.tr/
• [3] Sacik, S. Y. 2009. Dis Ticaret Politikasi ve Ekonomik Buyume Iliskisi: Teorik Acidan Bir Inceleme. KMU IIBF Dergisi. 16:162-171.
• [4] Egeli, H. A. 2001. Dis Ticaret Acisindan Sanayilesme Stratejileri ve Turkiye Acisindan Degerlendirmesi. Sosyal Bilimler Dergisi. 2:149-161.
• [5] Bilgin, C., Sahbaz, A. 2009. Turkiye'de Buyume ve Ihracat Arasindaki Nedensellik lliskileri. Gaziantep Universitesi Sosyal Bilimler Dergisi. 8(1):177-198
• [6] Florida, R.L., Kenney, M. 1988. Venture Capital, High Technology and Regional Development. Regional Studies 22(1): 33-48.
• [7] Jednak, S., Kragulj, D., Bulajic, M. 2017. A comparative analysis of development in Southeast European countries. Technological and Economic Development of Economy : 1-18.
• [8] Armstrong, H. W., Read, R. 2002. The phantom of liberty: economic growth and the vulnerability of small states. Journal of International Development 14: 435–458.
• [9] Moore, B., Tyler, P., Elliott, D. 1991. The Influence of Regional Development Incentives and Infrastructure on the Location of Small and Medium Sized Companies in Europe. Urban Studies 28(6):1001–1026.
• [10] Rezende, J. F. D. C., Sinay, M. C. F. D. 2016. Methodology for leading indicators on sustainable regional development. Revista de Administração Pública. 50(3):395-423.
• [11] Horsley, J., Prout, S., Tonts, M., Ali, S.H. 2015. Sustainable livelihoods and indicators for regional development in mining economies, The Extractive Industries and Society, 2(2):368-380.
• [12] Harrington, J.W., Burns, K., Cheung, M., 1986. Market-Oriented Foreign Investment and Regional Development: Canadian Companies in Western New York. Economic Geography, 62(2):155-166.
• [13] Lipshitz, G. 1993. The main approaches to measuring regional development and welfare. Social indicators research 29(2):163-181.
• [14] Wu, X., Strange, R. (2000). The location of foreign insurance companies in China. International Business Review. 9(3) : 383-398.
• [15] Karreman, B., Burger, M. J., van Oort, F. G. 2017. Location Choices of Chinese Multinationals in Europe: The Role of Overseas Communities. Economic Geography. 93(2): 131-161.
• [16] Basile, R., Castellani, D., and Zanfei, A. 2008. Location choices of multinational firms in Europe: The role of EU cohesion policy. Journal of International Economics 74 (2): 328–40.
• [17] De Beule, F., and Duanmu, J.-L. 2012. Locational determinants of internationalization: A firmlevel analysis of Chinese and Indian acquisitions. European Management Journal 30 (3): 264–77.
• [18] Goerzen, A., Asmussen, C. G., and Nielsen, B. B. 2013. Global cities and multinational enterprise location strategy. Journal of International Business Studies 44 (5): 427–50.
• [19] Head, K., and Mayer, T. 2004. Market potential and the location of Japanese investment in the European Union. Review of Economics and Statistics 86 (4): 959–72.
• [20] Kelley, D., Coner, J. K., and Lyles, M. A. 2013. Chinese foreign direct investment in the United States: Location choice determinants and strategic implications for the state of Indiana. Business Horizons 56 (4): 443–51.
• [21] Kirk, K., Tableporter, J., Senn, A., Day, J., Cao, J., Fan, Y., McGinnis, L. 2010. Framework for Measuring Sustainable Regional Development for the Twin Cities Region. http://www.cura.umn.edu/sites/cura.advantagelabs.com/files/publications/L2010-2.pdf
• [22] Meyer, D.F., Jongh, J.D., Meyer, N. 2016. The formulation of a composite regional development index. International Journal of Business and Management Studies 8(1): 100-116
• [23] Antonelli, C. 1995. The Economics of Localized Technological Change and Industrial Dynamics. 3. Springer Netherlands.
• [24] Berument, M.H., Dincer, N.N., Mustafaoglu, Z. 2014. External income shocks and Turkish exports: A sectoral analysis. Economic Modelling 37:.476-484.
• [25] UN, International Standard Industrial Classification of All Economic Activities, Statistical papers Series M No. 4/Rev.4, UN Department of Economic and Social Affairs, 2008, Available online at: https://unstats.un.org/unsd/publication/seriesM/seriesm_4rev4e.pdf