COMPARISON OF TURKEY WITH SOME NEW MEMBERS OF THE EU IN TERMS OF COMPETITIVENESS AND TRADE STRUCTURE
Abstract
Following the accession of ten new members to the European Union
(EU) in May 2004, discussions about Turkey's new competitive position
with regard to a larger EU became even more prominent in both Europe
and Turkey. The main goal of this study is to provide a comparative analysis
on macroeconomic performance, trade structure and competitiveness of
Turkey and four new members of the EU, namely the Czech Republic,
Hungary, Poland and Estonia. We employ Balassa's revealed comparative
advantage approach to assess Turkey's competitiveness against the four
new members in .five commodity groups. Our results suggest that Turkey has
a comparative advantage in raw material, labour and partly capital
intensive goods against all of the four new members excluding Estonia.
However, Turkey appears to have a comparative disadvantage in researchoriented products which require a higher level of technology and
investment.
References
- Akgtingor, S., Barbaros R. F. and Kumral N. (2002). Competitiveness of the Turkish Fruit and Vegetable Processing Industry in the Euroepan Union Market, Russian and East European Finance and Trade, 38(3), 34-53.
- Atto, E.W. (1987). Relative Total Costs-An Approach to Competitiveness Measurement of Industries, Management International Review, 27(1), 47-58.
COMPARISON OF TURKEY WITH SOME NEW MEMBERS OF THE EU IN TERMS OF COMPETITIVENESS AND TRADE STRUCTURE
Abstract
Following the accession of ten new members to the European Union
(EU) in May 2004, discussions about Turkey's new competitive position
with regard to a larger EU became even more prominent in both Europe
and Turkey. The main goal of this study is to provide a comparative analysis
on macroeconomic performance, trade structure and competitiveness of
Turkey and four new members of the EU, namely the Czech Republic,
Hungary, Poland and Estonia. We employ Balassa's revealed comparative
advantage approach to assess Turkey's competitiveness against the four
new members in .five commodity groups. Our results suggest that Turkey has
a comparative advantage in raw material, labour and partly capital
intensive goods against all of the four new members excluding Estonia.
However, Turkey appears to have a comparative disadvantage in researchoriented products which require a higher level of technology and
investment.
References
- Akgtingor, S., Barbaros R. F. and Kumral N. (2002). Competitiveness of the Turkish Fruit and Vegetable Processing Industry in the Euroepan Union Market, Russian and East European Finance and Trade, 38(3), 34-53.
- Atto, E.W. (1987). Relative Total Costs-An Approach to Competitiveness Measurement of Industries, Management International Review, 27(1), 47-58.
Details
| Primary Language | English |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | December 29, 2006 |
| DOI | https://doi.org/10.29228/mjes.200 |
| IZ | https://izlik.org/JA64KY28DH |
| Published in Issue | Year 2006 Volume: 14 Issue: 2 |