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.
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.
Primary Language | English |
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Journal Section | Makaleler |
Authors | |
Publication Date | December 29, 2006 |
Published in Issue | Year 2006 |