Araştırma Makalesi

The Role of Terms of Trade in Turkey and Indonesia's Exit from the Middle Income Trap

Cilt: 8 Sayı: 2 31 Aralık 2025
PDF İndir
TR EN

The Role of Terms of Trade in Turkey and Indonesia's Exit from the Middle Income Trap

Öz

This study comparatively examines the foreign trade terms performance of Turkey and Indonesia over the period 2003–2023 and evaluates the impact of this performance on economic development. Analyses based on indicators such as the net terms of trade (NTT), income terms of trade (ITT), and advanced pure terms of trade (APTT) show that Turkey, with its industry- and semifinished goods-focused structure, has increased its export volume; however, its dependence on imports has put downward pressure on its terms of trade. Indonesia, on the other hand, is more vulnerable to external shocks because of its commodity-oriented export composition, and its terms of trade are strongly affected by global price fluctuations. Both countries should improve their terms of trade by restructuring industrial policies and shifting toward high value-added sectors in exports to overcome the middle-income trap. The study highlights that terms of trade are a fundamental component not only of foreign trade but also of development policies.

Anahtar Kelimeler

Kaynakça

  1. Aghion, P., Akcigit, U., & Howitt, P. (2016). The Schumpeterian growth paradigm. . Annual Review of Economics, 8, s. 557-575.
  2. Anderson, J., & Yotov, Y. (2016). Terms of trade and global efficiency effects of free trade agreements, 1990–2002. Journal of International Economics, 99,, s. 279-298 https://doi.org/10.1016/j.jinteco.2015.12.005.
  3. Asian Development Bank . (2022). Asian Economic Integration Report. s. https://doi.org/10.22617/TCS220532-2.
  4. Asian Development Bank. (2023). Asian Development Outlook 2023: Transforming Economies for a Green Future.
  5. Athukorala, P. (1998). Terms of Trade, Income Distribution and Economic Growth. The Economic Journal, 108(448),, s. 1602-1613 https://doi.org/10.1111/1468-0297.00325.
  6. Athukorala, P., & Narayanan, S. (2020). Economic Catch-up and Industrial Policy in Indonesia. Asian Economic Papers, 19(2), s. 1-30 https://doi.org/10.1162/asep_a_00765.
  7. Baier, S., & Bergstrand, J. (2007). Do free trade agreements actually increase members’ international trade? Journal of International Economics, 71(1), s. 72-95 https://doi.org/10.1016/j.jinteco.2006.02.005.
  8. Balcı, A., & Keser, A.(2023). KAMU YÖNETİMİ EKSENİNDE BÜROKRASİ VE SİYASET ARASINDAKİ MÜCADELENİN ÇEKİŞME VE UZLAŞMA ZEMİNİNDE DEĞERLENDİRİLMESİ . In: P. Gözüm (Eds.), Yönetimde Güncel Yaklaşımlar, Gazi kitapevi: Ankara, ISBN: 9786253651749

Ayrıntılar

Birincil Dil

İngilizce

Konular

Makro İktisat (Diğer), İktisat Teorisi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Aralık 2025

Gönderilme Tarihi

17 Eylül 2025

Kabul Tarihi

9 Ekim 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 8 Sayı: 2

Kaynak Göster

APA
Dargınoğlu, S., & Hepaktan, C. E. (2025). The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap. Izmir Democracy University Social Sciences Journal, 8(2), 182-223. https://doi.org/10.61127/idusos.1786252
AMA
1.Dargınoğlu S, Hepaktan CE. The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap. IDUSoS. 2025;8(2):182-223. doi:10.61127/idusos.1786252
Chicago
Dargınoğlu, Sezin, ve Cemal Erdem Hepaktan. 2025. “The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap”. Izmir Democracy University Social Sciences Journal 8 (2): 182-223. https://doi.org/10.61127/idusos.1786252.
EndNote
Dargınoğlu S, Hepaktan CE (01 Aralık 2025) The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap. Izmir Democracy University Social Sciences Journal 8 2 182–223.
IEEE
[1]S. Dargınoğlu ve C. E. Hepaktan, “The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap”, IDUSoS, c. 8, sy 2, ss. 182–223, Ara. 2025, doi: 10.61127/idusos.1786252.
ISNAD
Dargınoğlu, Sezin - Hepaktan, Cemal Erdem. “The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap”. Izmir Democracy University Social Sciences Journal 8/2 (01 Aralık 2025): 182-223. https://doi.org/10.61127/idusos.1786252.
JAMA
1.Dargınoğlu S, Hepaktan CE. The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap. IDUSoS. 2025;8:182–223.
MLA
Dargınoğlu, Sezin, ve Cemal Erdem Hepaktan. “The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap”. Izmir Democracy University Social Sciences Journal, c. 8, sy 2, Aralık 2025, ss. 182-23, doi:10.61127/idusos.1786252.
Vancouver
1.Sezin Dargınoğlu, Cemal Erdem Hepaktan. The Role of Terms of Trade in Turkey and Indonesia’s Exit from the Middle Income Trap. IDUSoS. 01 Aralık 2025;8(2):182-223. doi:10.61127/idusos.1786252