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Does GVC Participation Enhance Economic Performance? Evidence from the Turkish Manufacturing Sector

Yıl 2025, Cilt: 10 Sayı: 2, 728 - 757, 30.06.2025
https://doi.org/10.30784/epfad.1667010

Öz

This study investigates the potential economic gains for the Turkish economy from increased participation in Global Value Chains (GVCs). Participation in GVCs enables more specialized production processes, enhancing economic efficiency and leading to increased exports, value added, and employment. This study uses the CS-ARDL method through a triple regression model to estimate the effects of forward and backward GVC participation on exports, the influence of increases in exports on the share of domestic value-added in exports, and the effects of export-driven domestic value-added on employment. The research employs OECD's Trade in Value Added (TiVA) data covering the period 1995-2020 and 17 manufacturing sub-sectors of Türkiye. Findings indicate that both forward and backward participation in GVCs positively influence export performance. Increases in exports decrease the share of domestic value-added while increasing the share of foreign value-added in exports, suggesting high foreign input dependency in Türkiye's exports. Although the share of domestic value-added in exports decreases, its overall size still increases. Rises in domestic value-added also increase employment. The research shows that policies aimed at Türkiye's deeper integration into GVCs can support exports and employment.

Kaynakça

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  • Altun, A., Tat, P. and Yanikkaya, H. (2025). The role of Covid-19 policy responses on GVC participation: The Turkish experience. Journal of Economic Studies, 52(1), 104-118. https://doi.org/10.1108/JES-06-2023-0324
  • Ando, M. (2006). Fragmentation and vertical intra-industry trade in East Asia. The North American Journal of Economics and Finance, 17(3), 257-281. https://doi.org/10.1016/j.najef.2006.06.005
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  • Antràs, P. (2020b). De-globalisation? Global value chains in the post-COVID-19 age (NBER Working Paper No. 28115). https://doi.org/10.3386/w28115
  • Antràs, P. and Chor, D. (2013). Organizing the global value chain. Econometrica, 81(6), 2127-2204. https://doi.org/10.3982/ECTA10813
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  • Arndt, S.W. (1998). Super-specialization and the gains from trade. Contemporary Economic Policy, 16(4), 480-485. https://doi.org/10.1111/j.1465-7287.1998.tb00535.x
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  • Baldwin, R. and Robert-Nicoud, F. (2014). Trade-in-goods and trade-in-tasks: An integrating framework. Journal of International Economics, 92(1), 51-62. https://doi.org/10.1016/j.jinteco.2013.10.002
  • Baldwin, R. and Venables, A.J. (2013). Spiders and snakes: Offshoring and agglomeration in the global economy. Journal of International Economics, 90(2), 245-254. https://doi.org/10.1016/j.jinteco.2013.02.005
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Küresel Değer Zincirine Katılım Ekonomik Performansı Artırır mı? Türkiye İmalat Sanayinden Bulgular

Yıl 2025, Cilt: 10 Sayı: 2, 728 - 757, 30.06.2025
https://doi.org/10.30784/epfad.1667010

Öz

Bu çalışma Türkiye ekonomisinin küresel değer zincirlerine (KDZ) katılımını artırması yoluyla elde edebileceği ekonomik kazanımları araştırmaktadır. KDZ’ne katılım, üretime ilişkin görevlerde ileri uzmanlaşma sağlamaktadır. Bu ekonomik verimliliği artırmakta ve böylece ihracat, katma değer ve istihdam artışına yol açmaktadır. Bu çalışmada Türkiye’nin KDZ’ne ileri ve geri yönlü katılımının ihracata, ihracat artışlarının yurt içi katma değerin ihracattaki payına ve ihracata bağlı yurt içi katma değerin istihdama etkileri üçlü bir regresyon modeli üzerinden CS-ARDL yöntemi ile tahmin edilmiştir. Araştırmada Türkiye ekonomisi için 1995-2020 dönemini ve 17 imalat sanayi alt sektörünü kapsayan OECD’nin Katma Değer Ticareti verileri kullanılmıştır. Bulgulara göre KDZ’ne hem ileri hem de geri yönlü katılım ihracat performansını olumlu etkilemektedir. İhracattaki artışlar ihracattaki yurtiçi katma değerin payını azaltmakta ve yabancı katma değerin payını artırmaktadır. Bu bulgu Türkiye’nin ihracatta yabancı girdi bağımlılığının yüksek olduğuna işaret etmektedir. Yurtiçi katma değerin ihracattaki payı azalsa da büyüklüğü yine de artmaktadır. Yurt içi katma değerdeki artışlar da istihdamı olumlu etkilemektedir. Araştırma Türkiye’de KDZ’ne katılımı artırmaya yönelik politikaların ihracatı ve istihdamı destekleyebileceğini göstermektedir.

Kaynakça

  • Acemoglu, D. and Autor, D. (2011). Skills, tasks and technologies: Implications for employment and earnings. In D. Card and O. Ashenfelter (Eds.), Handbook of labor economics (pp. 1043–1171). https://doi.org/10.1016/S0169-7218(11)02410-5
  • ADB. (2024). Globalization: Global value chains (GVCs). Retrieved from. https://kidb.adb.org/globalization/gvc
  • Altun, A., Avsar, I.I., Turan, T. and Yanikkaya, H. (2023). Does global value chain participation boost high technology exports? Journal of International Development, 35(5), 820-837. https://doi.org/10.1002/jid.3708
  • Altun, A., Tat, P. and Yanikkaya, H. (2025). The role of Covid-19 policy responses on GVC participation: The Turkish experience. Journal of Economic Studies, 52(1), 104-118. https://doi.org/10.1108/JES-06-2023-0324
  • Ando, M. (2006). Fragmentation and vertical intra-industry trade in East Asia. The North American Journal of Economics and Finance, 17(3), 257-281. https://doi.org/10.1016/j.najef.2006.06.005
  • Antràs, P. (2020a). Conceptual aspects of global value chains. World Bank Economic Review, 34(3), 551-574. Retrieved from https://academic.oup.com/
  • Antràs, P. (2020b). De-globalisation? Global value chains in the post-COVID-19 age (NBER Working Paper No. 28115). https://doi.org/10.3386/w28115
  • Antràs, P. and Chor, D. (2013). Organizing the global value chain. Econometrica, 81(6), 2127-2204. https://doi.org/10.3982/ECTA10813
  • Arndt, S.W. (1997). Globalization and the open economy. The North American Journal of Economics and Finance, 8(1), 71-79. https://doi.org/10.1016/S1062-9408(97)90020-6
  • Arndt, S.W. (1998). Super-specialization and the gains from trade. Contemporary Economic Policy, 16(4), 480-485. https://doi.org/10.1111/j.1465-7287.1998.tb00535.x
  • Baldwin, R. (2006). Globalisation: The great unbundling(s). Retrieved from https://citeseerx.ist.psu.edu/
  • Baldwin, R. (2016). The great convergence: Information technology and the new globalization. Cambridge: Harvard University Press.
  • Baldwin, R. and Robert-Nicoud, F. (2014). Trade-in-goods and trade-in-tasks: An integrating framework. Journal of International Economics, 92(1), 51-62. https://doi.org/10.1016/j.jinteco.2013.10.002
  • Baldwin, R. and Venables, A.J. (2013). Spiders and snakes: Offshoring and agglomeration in the global economy. Journal of International Economics, 90(2), 245-254. https://doi.org/10.1016/j.jinteco.2013.02.005
  • Baltagi, B.H., Feng, Q. and Kao, C. (2012). A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model. Journal of Econometrics, 170(1), 164-177. https://doi.org/10.1016/j.jeconom.2012.04.004
  • Bems, R. and Johnson, R.C. (2015). Demand for value added and value-added exchange rates in open economies (IMF Working Paper No. 15/199). https://doi.org/10.5089/9781513599540.001
  • Betai, N.V. and Chanda, R. (2020). Global value chain participation and intermediate export sophistication (IIM Bangalore Research Paper No. 629). Retrieved from https://ssrn.com/abstract=3724329
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  • Kılıçaslan, Y., Aytun, U. and Meçik, O. (2021). Global value chain integration and productivity: the case of Turkish manufacturing firms. Middle East Development Journal, 13(1), 150-171. https://doi.org/10.1080/17938120.2021.1898189
  • Koopman, R., Wang, Z. and Wei, S.J. (2014). Tracing value-added and double counting in gross exports. American Economic Review, 104(2), 459-494. https://doi.org/10.1257/aer.104.2.459
  • Kowalski, P., Lopez Gonzalez, J., Ragoussis, A. and Ugarte, C. (2015). Participation of developing countries in global value chains: Implications for trade and trade-related policies (OECD Trade Policy Papers No. 179). https://doi.org/10.1787/5js33lfw0xxn-en
  • Krugman, P. (1995). Growing World trade: Causes and consequences. Brookings Papers on Economic Activity, 1995(1), 327-377. https://doi.org/10.2307/2534577
  • Kummritz, V. (2015). Global value chains: Benefiting the domestic economy? (Graduate Institute of International and Development Studies Working Paper No. HEIDWP02-2015). Retrieved from https://www.econstor.eu/handle/10419/122109
  • Kummritz, V. (2016). Do global value chains cause industrial development? (Graduate Institute of International and Development Studies Center for Trade and Economic Integration Working Paper Series No. 2016-01). Retrieved from https://repec.graduateinstitute.ch/pdfs/cteiwp/CTEI-2016-01.pdf
  • Kummritz, V., Taglioni, D. and Winkler, D. (2017). Economic upgrading through global value chain participation: Which policies increase the value-added gains? (Policy Research Working Paper No. 8007). Retrieved from http://documents.worldbank.org/curated/en/567861489688859864
  • Kuo, Y., Maneengam, A., The, C.P., An, N.B., Nassani, A.A., Haffar, M. and Qadus, A. (2022). Fresh evidence on environmental quality measures using natural resources, renewable energy, non-renewable energy and economic growth for 10 Asian nations from CS-ARDL technique. Fuel, 320, 123914. https://doi.org/10.1016/j.fuel.2022.123914
  • Lu, Y., Lu, Y., Xie, R. and Yu, X. (2019). Does global value chain engagement improve firms' wages: Evidence from China. The World Economy, 42(10), 3065-3085. https://doi.org/10.1111/twec.12805
  • Ma, S., Liang, Y. and Zhang, H. (2019). The employment effects of global value chains. Emerging Markets Finance and Trade, 55, 2230 - 2253. https://doi.org/10.1080/1540496X.2018.1520698
  • Melitz, M.J. (2003). The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica, 71(6), 1695-1725. Retrieved from http://www.jstor.org/stable/1555536
  • Mohamedou, N.D. (2019). Impact of global value chains’ participation on employment in Turkey and spillovers effects. Journal of Economic Integration, 34(2), 308–326. https://doi.org/10.11130/jei.2019.34.2.308
  • Ndubuisi, G.O. and Owusu, S. (2021). How important is GVC participation to export upgrading? The World Economy, 44(10). https://doi.org/10.1111/twec.13102
  • Nguyen, T.H. and Park, D. (2021). Does global value chain participation enhance export diversification? Korea and the World economy, 22(3), 159-191. https://doi.org/10.46665/kwe.2021.12.22.3.159
  • OECD. (2023). Guide to OECD trade in value added (TiVA) indicators, 2023 edition. Retrieved from https://oe.cd/tiva
  • Pahl, S. and Timmer, M.P. (2020). Do global value chains enhance economic upgrading? A long view. The Journal of Development Studies, 56, 1683 - 1705. https://doi.org/10.1080/00220388.2019.1702159
  • Park, I. and Park, S. (2020). The value-added creation effect of global value chain participation: Industry-level evidence from APEC member economies (KIEP Research Paper APEC Study Series No. 20-01). https://dx.doi.org/10.2139/ssrn.3812103
  • Paweenawat, S.W. (2022). The impact of global value chain integration on wages: Evidence from matched worker-industry data in Thailand. Journal of the Asia Pacific Economy, 27(4), 757-780. https://doi.org/10.1080/13547860.2021.1915544
  • Pesaran, M.H. (2004). General diagnostic tests for cross section dependence in panels (CESifo Working Papers No. 69). https://doi.org/10.2139/ssrn.572504
  • Pesaran, M.H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967-1012. https://doi.org/https://doi.org/10.1111/j.1468-0262.2006.00692.x
  • Pesaran, M.H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265-312. https://doi.org/https://doi.org/10.1002/jae.951
  • Pesaran, M.H. and Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Presidency of Strategy and Budget. (2023). The twelfth development plan (2024-2028). Retrieved from https://www.sbb.gov.tr/wp-content/uploads/2025/03/Twelfth-Development-Plan_2024-2028.pdf
  • Shepherd, B. (2013). Global value chains and developing country employment: A literature review (OECD Trade Policy Papers No. 156). http://dx.doi.org/10.1787/5k46j0qw3z7k-en
  • Shuabiu, U.A., Usman, M.A. and Çavuşoğlu, B. (2021). The nexus among competitively valued exchange rates, price level, and growth performance in the Turkish Economy; New Insight from the global value chains. Journal of Risk and Financial Management, 14(11), 528. https://doi.org/10.3390/jrfm14110528
  • Silpachai, K. (2023). Internal corporate governance mechanisms and firm performance: 3SLS empirical evidence from Thailand. International Journal of Business Ecosystem & Strategy, 5(1), 23–36. https://doi.org/10.36096/ijbes.v5i1.382
  • Solaz, M. (2018). Value added and participation in global value chains: The case of Spain. The World Economy, 41(10), 2804-2827. https://doi.org/10.1111/twec.12641
  • Taglioni, D. and Winkler, D. (2016). Making global value chains work for development. Retrieved from https://documents1.worldbank.org/curated/en/450521467989506537/pdf/106305-PUB-ADD-ISBN-DOI-AUTHORS-SERIES-ABSTRACT-OUO-9.pdf
  • Taguchi, H. (2014). Dynamic impacts of global value chains participation on Asian developing economies. Foreign Trade Review, 49, 313 - 326. https://doi.org/10.1177/0015732514543586
  • Taguchi, H. and Thet, M.S. (2021). Quantitative linkage between global value chains’ backward participation and logistics performance in the host country: a structural gravity model analysis of emerging ASEAN economies. Asia-Pacific Journal of Regional Science, 5, 453-475. https://doi.org/10.1007/s41685-020-00187-z
  • Uddin, I., Ahmad, M., Ismailov, D., Balbaa, M.E., Akhmedov, A., Khasanov, S. and Haq, M U. (2023). Enhancing institutional quality to boost economic development in developing nations: New insights from CS-ARDL approach. Research in Globalization, 7, 100137. https://doi.org/10.1016/j.resglo.2023.100137
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  • Veeramani, C. and Dhir, G. (2022). Do developing countries gain by participating in global value chains? Evidence from India. Review of World Economics, 158(4), 1011-1042. https://doi.org/10.1007/s10290-021-00452-z
  • Wang, X., Wu, H., Li, L. and Liu, L. (2022). Uncertainty, GVC participation and the export of Chinese firms. Journal of Economic Surveys, 36(3), 634-661. https://doi.org/https://doi.org/10.1111/joes.12462
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  • World Bank. (2024). Gross trade breakdown. Retrieved from https://wits.worldbank.org/gvc/gvc-gross-trade-disaggregated.html
  • Wright, G.C. (2014). Revisiting the employment impact of offshoring. European Economic Review, 66, 63-83. https://doi.org/10.1016/j.euroecorev.2013.11.008
  • Yanıkkaya, H., Altun, A. and Tat, P. (2022). Does the complexity of GVC participation matter for productivity and output growth? The European Journal of Development Research, 34(4), 2038-2068. https://doi.org/10.1057/s41287-021-00452-7
  • Yanıkkaya, H., Altun, A. and Tat, P. (2024). The impacts of openness and global value chains on the performance of Turkish sectors. Panoeconomicus, 71(2), 265-293. https://doi.org/10.2298/PAN201011010Y
  • Yap, G. and Allen, D. (2011). Investigating other leading indicators influencing Australian domestic tourism demand. Mathematics and Computers in Simulation, 81(7), 1365-1374. https://doi.org/10.1016/j.matcom.2010.05.005
  • Ziemann, V. and Guérard, B. (2016). Reaping the benefits of global value chains in Turkey (OECD Economics Department Working Papers No. 1366). https://doi.org/10.1787/d054af64-en
  • Zoundi, Z. (2017). CO₂ emissions, renewable energy and the Environmental Kuznets Curve: A panel cointegration approach. Renewable and Sustainable Energy Reviews, 72, 1067–1075. https://doi.org/10.1016/j.rser.2016.10.018
Toplam 90 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uluslararası İktisat (Diğer)
Bölüm Makaleler
Yazarlar

Ali Benli 0000-0003-3507-079X

Özgür Tonus 0000-0003-0950-3328

Yayımlanma Tarihi 30 Haziran 2025
Gönderilme Tarihi 27 Mart 2025
Kabul Tarihi 1 Haziran 2025
Yayımlandığı Sayı Yıl 2025 Cilt: 10 Sayı: 2

Kaynak Göster

APA Benli, A., & Tonus, Ö. (2025). Does GVC Participation Enhance Economic Performance? Evidence from the Turkish Manufacturing Sector. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(2), 728-757. https://doi.org/10.30784/epfad.1667010