Identifying Sophisticated Product Groups to Focus on at the Regional Level in Türkiye: A Perspective for Sustainable Current Account Balance and Economic Growth
Yıl 2024,
Cilt: 6 Sayı: 2, 111 - 123, 31.12.2024
İbrahim Hüseyni
,
Mehmet Nazım Uygur
,
Reşat Sakur
,
Mehmet Dabakoğlu
,
Muhammed Oflas
,
Ömer Selçuk Emsen
Öz
This study aims to address Türkiye's persistent current account deficit and regional imbalances by considering the competitiveness dynamics of the economy. The study seeks to identify sophisticated product groups that Türkiye's 26 economic regions could focus on to achieve sustainable economic growth without generating high current account deficits. For this purpose, the sophistication of regional exports was comparatively analyzed using the EXPY method. Subsequently, the PRODY index was used to identify sophisticated product groups, and the Revealed Symmetric Comparative Advantage (RSCA) index was used to identify product groups in which regions have an export advantage. The analyses revealed that the level of sophistication of regional exports is heterogeneous. For example, it was found that regions such as TR41, TR42, TR51, TR52, and TR83 stand out positively in terms of export sophistication, while regions such as TR32, TR90, TRB1, TRB2, and TRC3 lag behind. Furthermore, the study identified many sophisticated product groups in which each region has a production and export advantage. This finding indicates that Türkiye has significant potential to achieve a more sophisticated production and export structure. In this context, the implementation of regional policies aimed at increasing the export of these sophisticated products for each region would contribute to increasing the sophistication of Türkiye's overall exports.
Etik Beyan
In this scientific research conducted by us, there is no activity/study that would require an ethical committee decision.
Destekleyen Kurum
TUBITAK
Teşekkür
This study was supported by Scientific and Technological Research Council of Turkiye (TUBITAK) under the Grant Number 122G044. The authors thank to TUBITAK for their supports.
Kaynakça
- Aksu, H., Aydemir, A. F., Karaköy, Ç., Yurttançıkmaz, Z. Ç. ve Emsen, Ö. S. (2018). Çin ekonomisinde büyümenin sürdürülebilirliği: Yüksek teknolojik mal ihracatının belirleyicileri, Cumhuriyet Üniversitesi İİBF Dergisi, Cilt: 19, Sayı: 2, ss: 214-225.
- Al Shubiri, F. N. (2016). Determinants of foreign direct investment: evidence of Sultanate of Oman. Polish Journal of Management Studies, 13(2), 7-17, https://doi.org/10.17512/pjms.2016.13.2.01.
- Alfaro, L., Chanda, A., Kalemli-Ozcan, S. and Sayek, S. (2004), FDI and economic growth: the role of local financial markets. Journal of International Economics, Vol. 64 No. 1, pp. 89-112, https://doi.org/10.1016/S0022-1996(03)00081-3.
- Aurangzeb, Z., and Stengos, T. (2014). The role of foreign direct investment (FDI) in a dualistic growth framework: A smooth coefficient semi-parametric approach. Borsa Istanbul Review, 14(3), 133-144, https://doi.org/10.1016/j.bir.2014.06.004.
- Bajo-Rubio, O. (2014). Balance-constrained growth rates: Generalizing Thirlwall’s law. Applied Economics Letters, 21(9), 593-596, https://doi.org/10.1080/13504851.2013.877563.
- Balassa, B. (1965). Trade liberalisation and “revealed” comparative advantage. The Manchester School, 33(2), 99-123, https://doi.org/10.1111/j.1467-9957.1965.tb00050.x.
- Barro, R. J. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics, Vol. 106(2), 407-444. https://doi.org/10.2307/2937943.
- Bayar, G. (2022). Turkey's sectoral exports: A competitiveness approach. International Journal of Finance & Economics, 27(2), 2268-2289, https://doi.org/10.1002/ijfe.2272.
- Bhagwati, J. (1998). The difference between trade in widgets and dollars. Foreign Affairs, 77(3), 7-12.
- Brewer, T. L. (1993). Government policies, market imperfections, and foreign direct investment. Journal of International Business Studies, 24(1), 101-120. https://doi.org/10.1057/palgrave.jibs.8490227.
- Buzdağlı, Ö. Uzun, M. ve Emsen, Ö. S. (2019). Yükselen ekonomilerde yüksek teknolojik mal ihracatının belirleyicileri (2019), Cumhuriyet Üniversitesi İİBF Dergisi, 20(1), ss: 474-487.
- Coşkun, N., Lopcu, K., and Tuncer, İ. (2018). The economic complexity approach to development policy: Where Turkey stands in comparison to OECD plus China. Proceedings of Middle East Economic Association, 20(1), 112-124.
- Cristelli, M., Gabrielli, A., Tacchella, A., Caldarelli, G. and Pietronero, L. (2013). Measuring the intangibles: A Metrics for the economic complexity of countries and products. PLoS ONE, 8(8). https://doi.org/10.1371/journal.pone.0070726.
- De Long, J. B. and Summers, L. (1991). Equipment, investment and economic growth. Quarterly Journal of Economics, CVI, 1991,445-502. https://doi.org/10.2307/2937944.
- Durham, J. B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European economic review, 48(2), 285-306, https://doi.org/10.1016/S0014-2921(02)00264-7.
- Emsen, Ö. S. (2022). “Anayasa tartışmaları çerçevesinde tasarrufsuzluk açmazı-batıya entegre olma çabaları-borç derinleşmesi”, Anayasa Tartışmaları Gündemine Hukuki, Ekonomik ve Siyasi Bakış Açısıyla Bütünleşik Yaklaşım, (Ed. R. Kök), Nişantaşı Üniversitesi Yayınları, s.229-248.
- Felipe, J., Abdon, A., and Kumar, U. (2012). Tracking the middle-income trap: What is it, who is in it, and why?. Levy Economics Institute, Working Paper, (715), http://dx.doi.org/10.2139/ssrn.2049330.
- Felipe, J., Kumar, U., Abdon, A., and Bacate, M. (2012). Product complexity and economic development. Structural Change and Economic Dynamics, 23(1), 36-68, https://doi.org/10.1016/j.strueco.2011.08.003.
- Genç, M. (2000). Osmanlı imparatorluğu'nda devlet ve ekonomi, (1. Baskı), Ötüken Neşriyat, İstanbul.
- Gerni, C., Sarı, S., Türkmen, A. & Emsen, Ö. S. (2022). Orta gelir tuzağından da öteye alt-orta gelir grubuna düşme riski üzerine bir değerlendirme. International Conference on Economics Finance and Banking, İstanbul, 20-22 September 2022, ss: 152-164.
- Goyal, A., and Sharma, V. (2019). Estimating the relationship between the current account, the capital account and investment for India. Foreign Trade Review, 54(1), 29-45. https://doi.org/10.1177/0015732518810832.
- Hartmann, D. (2017). "The economic diversification and innovation system of Turkey from a global comparative perspective" (A. Pyka, Y. Kuştepeli, D. Hartmann (ed.)). Routledge is an imprint of the Taylor Francis Group, an informa business.
- Hausmann, R., Hwang, J. and Rodrik, D. (2007). What you export matters. Journal of economic growth, 12(1), 1-25, https://doi.org/10.1007/s10887-006-9009-4.
- Hidalgo, C. A. (2009). The dynamics of economic complexity and the product space over a 42 year period. CID Working Paper Series.
- Hidalgo, César A. and Hausmann, R. (2009). The building blocks of economic complexity. Proceedings of the National Academy of Sciences of the United States of America, 106(26), 10570–10575.
https://doi.org/10.1073/pnas.0900943106.
- Jarreau, J., and Poncet, S. (2012). Export sophistication and economic growth: Evidence from China. Journal of development Economics, 97(2), 281-292. https://doi.org/10.1016/j.jdeveco.2011.04.001.
- Jouini, N., Oulmane, N., and Péridy, N. (2016). North African countries’ production and export structure: towards a diversification and export sophistication strategy. Canadian Journal of Development Studies/Revue canadienne d'études du développement, 37(2), 217-238.
- Kazgan, G. (2016). Liberalizmden neo-liberalizme: Neoliberalizmin getirisi ve götürüsü, Remzi Kitabevi, İstanbul.
Koch, P. (2021). Economic complexity and growth: Can value-added exports better explain the link? Economics Letters, 198, 109682. https://doi.org/10.1016/j.econlet.2020.109682.
- Kormendi, R. C. and P. G. Meguire, (1985). Macroeconomic determinants of growth: Cross-country evidence. Journal of Monetary Economics, Vol. 16(2), s.141- 63, https://doi.org/10.1016/0304-3932(85)90027-3.
- Lall, S., Weiss, J. and Zhang, J. (2006). The “sophistication” of exports: A new trade measure. World development, 34(2), 222-237, https://doi.org/10.1016/j.worlddev.2005.09.002.
- Laursen, K. (2015). Revealed comparative advantage and the alternatives as measures of international specialization. Eurasian Business Review, 5(1), 99-115, https://doi.org/10.1007/s40821-015-0017-1.
- Levine, R., and D. Renelt. (1992). A sensitivity analysis of cross-country regressions. The American Economic Review, Vol. 82(4), 942-963, https://www.jstor.org/stable/2117352.
- Lin, F., Weldemicael, E. O., and Wang, X. (2017). Export sophistication increases income in sub-Saharan Africa: Evidence from 1981–2000. Empirical Economics, 52(4), 1627-1649, https://doi.org/10.1007/s00181-016-1103-7.
- Lipsey, R. E., Feenstra, R. C., Hahn, C. H., and Hatsopoulos, G. N. (1999). The role of foreign direct investment in international capital flows. In International capital flows (pp. 307-362). University of Chicago Press.
- Luu Hai, D. (2021). Aid for trade and export sophistication in recipient countries. The Journal of International Trade & Economic Development, 30(4), 530-548, https://doi.org/10.1080/09638199.2021.1879900.
- Minondo, A. (2010). Exports’ productivity and growth across Spanish regions. Regional Studies, 44(5), 569-577, https://doi.org/10.1080/00343400902783255.
- Nişancı, Gerni, M. Türkmen, A., & Emsen, Ö. S. (2015). Türkiye ekonomisinin orta gelir tuzağına düşüp düşmediğine dair tartışma: Kur değerlenmesi çerçevesinde bir bakış, International Conference on Economics Finance and Banking, Kazan, 09-11 September 2015, ss: 232-242.
- Nepelski, D., and De Prato, G. (2020). Technological complexity and economic development. Review of Development Economics, 24(2), 448-470, https://doi.org/10.1111/rode.12650.
- Nguyen, D. X. (2016). Trade liberalization and export sophistication in Vietnam. The Journal of International Trade & Economic Development, 25(8), 1071-1089, https://doi.org/10.1080/09638199.2016.1179778.
- Owusu-Nantwi, V., and Erickson, C. (2019). Foreign direct investment and economic growth in South America. Journal of Economic Studies 46(2), 383–398. https://doi.org/10.1108/JES-11–2017-0323.
- Sanguinet, E. R., Azzoni, C. R., Atienza, M., and Alvim, A. M. (2022). Skill-based functional specialization in trade: an input–output analysis of multiscalar value chains in Brazil. Spatial Economic Analysis, 17(4), 471-498
- Sciarra, C., Chiarotti, G., Ridolfi, L. and Laio, F. (2020). Reconciling contrasting views on economic complexity. Nature Communications, 11(1). https://doi.org/10.1038/s41467-020-16992-1.
- Thirlwall, A. P. (1979). The balance of payments constraint as an explanation of international growth rate differences. BNL Quarterly Review, 32(128), 45-53.
- Vollrath, T. L. (1991). A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage. Weltwirtschaftliches Archiv, 127(2), 265-280, https://doi.org/10.1007/BF02707986.
- Yayla, Y. E. (2020). Kısa vadeli sermaye akımlarının vergilendirilmesi: Tobin vergisi. Uluslararası Ekonomik Araştırmalar Dergisi, 6(3), 39-48.
- Yıldırım, M. A. (2018). Kompleksite ve ürün uzayı metodolojisiyle Türkiye. Working Paper, No. 1806, Koç University-TÜSİAD Economic Research Forum (ERF), Istanbul.
- Zheng, H. H. and Wang, Z. X. (2019). Measurement and comparison of export sophistication of the new energy industry in 30 countries during 2000–2015. Renewable and Sustainable Energy Reviews, 108(February), 140–158. https://doi.org/10.1016/j.rser.2019.03.038.
Türkiye’de Bölgesel Düzeyde Odaklanılabilecek Sofistike Ürün Gruplarının Belirlenmesi: Sürdürülebilir Cari Açık ve Ekonomik Büyüme İçin Bir Perspektif
Yıl 2024,
Cilt: 6 Sayı: 2, 111 - 123, 31.12.2024
İbrahim Hüseyni
,
Mehmet Nazım Uygur
,
Reşat Sakur
,
Mehmet Dabakoğlu
,
Muhammed Oflas
,
Ömer Selçuk Emsen
Öz
Bu araştırma, ekonominin rekabet edebilirlik dinamiklerini dikkate alarak Türkiye'nin süregelen cari açığını ve bölgesel dengesizliklerini ele almayı amaçlamaktadır. Çalışmada yüksek cari açık vermeden sürdürülebilir bir ekonomik büyüme performansı için Türkiye’nin 26 ekonomik bölgesinin odaklanabileceği sofistike ürün grupları belirlenmeye çalışılmıştır. Bu amaçla ilk olarak bölgelerin ihracatlarının sofistike durumları EXPY yöntemi ile karşılaştırmalı bir şekilde analiz edilmiştir. Akabinde PRODY endeksi ile sofistike olan ürün grupları belirlenmeye çalışılmış ve bölgelerin ihracatında avantajlı oldukları ürün grupları Simetrik Karşılaştırmalı Üstünlük (RSCA) endeksi yardımı ile tespit edilmiştir. Yapılan analizler sonucunda bölgelerin ihracatlarının sofistike değeri bakımından heterojen oldukları tespit edilmiştir. Örneğin TR41, TR42, TR51, TR52 ve TR83 bölgelerinin ihracatın sofistike değeri bakımından diğer bölgelerden pozitif ayrıştığı; TR32, TR90, TRB1, TRB2 ve TRC3 bölgelerinin negatif ayrıştıkları tespit edilmiştir. Diğer taraftan her bölgenin üretim ve ihracat avantajına sahip olduğu birçok sofistike ürün grubunun olduğu belirlenmiştir. Bu durum Türkiye’nin daha sofistike bir üretim ve ihracat yapısı için önemli bir potansiyele sahip olduğunu işaret etmektedir. Bu bağlamda her bölgenin odaklanabileceği bu sofistike ürünlerin ihracatını arttıracak bölgesel politikaların uygulanması, Türkiye’nin toplam ihracatının daha sofistike olmasına katkı sunacaktır.
Etik Beyan
Tarafımızca yapılan bu bilimsel araştırmada etik kurul kararı gerektirecek herhangi bir faaliyet/çalışma bulunmamaktadır.
Destekleyen Kurum
TÜBİTAK
Teşekkür
Bu çalışma Türkiye Bilimsel ve Teknolojik Araştırma Kurumu (TÜBİTAK) tarafından 122G044 Numaralı Proje ile desteklenmiştir. Projeye verdiği destekten ötürü TÜBİTAK'a teşekkürlerimizi sunarız.
Kaynakça
- Aksu, H., Aydemir, A. F., Karaköy, Ç., Yurttançıkmaz, Z. Ç. ve Emsen, Ö. S. (2018). Çin ekonomisinde büyümenin sürdürülebilirliği: Yüksek teknolojik mal ihracatının belirleyicileri, Cumhuriyet Üniversitesi İİBF Dergisi, Cilt: 19, Sayı: 2, ss: 214-225.
- Al Shubiri, F. N. (2016). Determinants of foreign direct investment: evidence of Sultanate of Oman. Polish Journal of Management Studies, 13(2), 7-17, https://doi.org/10.17512/pjms.2016.13.2.01.
- Alfaro, L., Chanda, A., Kalemli-Ozcan, S. and Sayek, S. (2004), FDI and economic growth: the role of local financial markets. Journal of International Economics, Vol. 64 No. 1, pp. 89-112, https://doi.org/10.1016/S0022-1996(03)00081-3.
- Aurangzeb, Z., and Stengos, T. (2014). The role of foreign direct investment (FDI) in a dualistic growth framework: A smooth coefficient semi-parametric approach. Borsa Istanbul Review, 14(3), 133-144, https://doi.org/10.1016/j.bir.2014.06.004.
- Bajo-Rubio, O. (2014). Balance-constrained growth rates: Generalizing Thirlwall’s law. Applied Economics Letters, 21(9), 593-596, https://doi.org/10.1080/13504851.2013.877563.
- Balassa, B. (1965). Trade liberalisation and “revealed” comparative advantage. The Manchester School, 33(2), 99-123, https://doi.org/10.1111/j.1467-9957.1965.tb00050.x.
- Barro, R. J. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics, Vol. 106(2), 407-444. https://doi.org/10.2307/2937943.
- Bayar, G. (2022). Turkey's sectoral exports: A competitiveness approach. International Journal of Finance & Economics, 27(2), 2268-2289, https://doi.org/10.1002/ijfe.2272.
- Bhagwati, J. (1998). The difference between trade in widgets and dollars. Foreign Affairs, 77(3), 7-12.
- Brewer, T. L. (1993). Government policies, market imperfections, and foreign direct investment. Journal of International Business Studies, 24(1), 101-120. https://doi.org/10.1057/palgrave.jibs.8490227.
- Buzdağlı, Ö. Uzun, M. ve Emsen, Ö. S. (2019). Yükselen ekonomilerde yüksek teknolojik mal ihracatının belirleyicileri (2019), Cumhuriyet Üniversitesi İİBF Dergisi, 20(1), ss: 474-487.
- Coşkun, N., Lopcu, K., and Tuncer, İ. (2018). The economic complexity approach to development policy: Where Turkey stands in comparison to OECD plus China. Proceedings of Middle East Economic Association, 20(1), 112-124.
- Cristelli, M., Gabrielli, A., Tacchella, A., Caldarelli, G. and Pietronero, L. (2013). Measuring the intangibles: A Metrics for the economic complexity of countries and products. PLoS ONE, 8(8). https://doi.org/10.1371/journal.pone.0070726.
- De Long, J. B. and Summers, L. (1991). Equipment, investment and economic growth. Quarterly Journal of Economics, CVI, 1991,445-502. https://doi.org/10.2307/2937944.
- Durham, J. B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European economic review, 48(2), 285-306, https://doi.org/10.1016/S0014-2921(02)00264-7.
- Emsen, Ö. S. (2022). “Anayasa tartışmaları çerçevesinde tasarrufsuzluk açmazı-batıya entegre olma çabaları-borç derinleşmesi”, Anayasa Tartışmaları Gündemine Hukuki, Ekonomik ve Siyasi Bakış Açısıyla Bütünleşik Yaklaşım, (Ed. R. Kök), Nişantaşı Üniversitesi Yayınları, s.229-248.
- Felipe, J., Abdon, A., and Kumar, U. (2012). Tracking the middle-income trap: What is it, who is in it, and why?. Levy Economics Institute, Working Paper, (715), http://dx.doi.org/10.2139/ssrn.2049330.
- Felipe, J., Kumar, U., Abdon, A., and Bacate, M. (2012). Product complexity and economic development. Structural Change and Economic Dynamics, 23(1), 36-68, https://doi.org/10.1016/j.strueco.2011.08.003.
- Genç, M. (2000). Osmanlı imparatorluğu'nda devlet ve ekonomi, (1. Baskı), Ötüken Neşriyat, İstanbul.
- Gerni, C., Sarı, S., Türkmen, A. & Emsen, Ö. S. (2022). Orta gelir tuzağından da öteye alt-orta gelir grubuna düşme riski üzerine bir değerlendirme. International Conference on Economics Finance and Banking, İstanbul, 20-22 September 2022, ss: 152-164.
- Goyal, A., and Sharma, V. (2019). Estimating the relationship between the current account, the capital account and investment for India. Foreign Trade Review, 54(1), 29-45. https://doi.org/10.1177/0015732518810832.
- Hartmann, D. (2017). "The economic diversification and innovation system of Turkey from a global comparative perspective" (A. Pyka, Y. Kuştepeli, D. Hartmann (ed.)). Routledge is an imprint of the Taylor Francis Group, an informa business.
- Hausmann, R., Hwang, J. and Rodrik, D. (2007). What you export matters. Journal of economic growth, 12(1), 1-25, https://doi.org/10.1007/s10887-006-9009-4.
- Hidalgo, C. A. (2009). The dynamics of economic complexity and the product space over a 42 year period. CID Working Paper Series.
- Hidalgo, César A. and Hausmann, R. (2009). The building blocks of economic complexity. Proceedings of the National Academy of Sciences of the United States of America, 106(26), 10570–10575.
https://doi.org/10.1073/pnas.0900943106.
- Jarreau, J., and Poncet, S. (2012). Export sophistication and economic growth: Evidence from China. Journal of development Economics, 97(2), 281-292. https://doi.org/10.1016/j.jdeveco.2011.04.001.
- Jouini, N., Oulmane, N., and Péridy, N. (2016). North African countries’ production and export structure: towards a diversification and export sophistication strategy. Canadian Journal of Development Studies/Revue canadienne d'études du développement, 37(2), 217-238.
- Kazgan, G. (2016). Liberalizmden neo-liberalizme: Neoliberalizmin getirisi ve götürüsü, Remzi Kitabevi, İstanbul.
Koch, P. (2021). Economic complexity and growth: Can value-added exports better explain the link? Economics Letters, 198, 109682. https://doi.org/10.1016/j.econlet.2020.109682.
- Kormendi, R. C. and P. G. Meguire, (1985). Macroeconomic determinants of growth: Cross-country evidence. Journal of Monetary Economics, Vol. 16(2), s.141- 63, https://doi.org/10.1016/0304-3932(85)90027-3.
- Lall, S., Weiss, J. and Zhang, J. (2006). The “sophistication” of exports: A new trade measure. World development, 34(2), 222-237, https://doi.org/10.1016/j.worlddev.2005.09.002.
- Laursen, K. (2015). Revealed comparative advantage and the alternatives as measures of international specialization. Eurasian Business Review, 5(1), 99-115, https://doi.org/10.1007/s40821-015-0017-1.
- Levine, R., and D. Renelt. (1992). A sensitivity analysis of cross-country regressions. The American Economic Review, Vol. 82(4), 942-963, https://www.jstor.org/stable/2117352.
- Lin, F., Weldemicael, E. O., and Wang, X. (2017). Export sophistication increases income in sub-Saharan Africa: Evidence from 1981–2000. Empirical Economics, 52(4), 1627-1649, https://doi.org/10.1007/s00181-016-1103-7.
- Lipsey, R. E., Feenstra, R. C., Hahn, C. H., and Hatsopoulos, G. N. (1999). The role of foreign direct investment in international capital flows. In International capital flows (pp. 307-362). University of Chicago Press.
- Luu Hai, D. (2021). Aid for trade and export sophistication in recipient countries. The Journal of International Trade & Economic Development, 30(4), 530-548, https://doi.org/10.1080/09638199.2021.1879900.
- Minondo, A. (2010). Exports’ productivity and growth across Spanish regions. Regional Studies, 44(5), 569-577, https://doi.org/10.1080/00343400902783255.
- Nişancı, Gerni, M. Türkmen, A., & Emsen, Ö. S. (2015). Türkiye ekonomisinin orta gelir tuzağına düşüp düşmediğine dair tartışma: Kur değerlenmesi çerçevesinde bir bakış, International Conference on Economics Finance and Banking, Kazan, 09-11 September 2015, ss: 232-242.
- Nepelski, D., and De Prato, G. (2020). Technological complexity and economic development. Review of Development Economics, 24(2), 448-470, https://doi.org/10.1111/rode.12650.
- Nguyen, D. X. (2016). Trade liberalization and export sophistication in Vietnam. The Journal of International Trade & Economic Development, 25(8), 1071-1089, https://doi.org/10.1080/09638199.2016.1179778.
- Owusu-Nantwi, V., and Erickson, C. (2019). Foreign direct investment and economic growth in South America. Journal of Economic Studies 46(2), 383–398. https://doi.org/10.1108/JES-11–2017-0323.
- Sanguinet, E. R., Azzoni, C. R., Atienza, M., and Alvim, A. M. (2022). Skill-based functional specialization in trade: an input–output analysis of multiscalar value chains in Brazil. Spatial Economic Analysis, 17(4), 471-498
- Sciarra, C., Chiarotti, G., Ridolfi, L. and Laio, F. (2020). Reconciling contrasting views on economic complexity. Nature Communications, 11(1). https://doi.org/10.1038/s41467-020-16992-1.
- Thirlwall, A. P. (1979). The balance of payments constraint as an explanation of international growth rate differences. BNL Quarterly Review, 32(128), 45-53.
- Vollrath, T. L. (1991). A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage. Weltwirtschaftliches Archiv, 127(2), 265-280, https://doi.org/10.1007/BF02707986.
- Yayla, Y. E. (2020). Kısa vadeli sermaye akımlarının vergilendirilmesi: Tobin vergisi. Uluslararası Ekonomik Araştırmalar Dergisi, 6(3), 39-48.
- Yıldırım, M. A. (2018). Kompleksite ve ürün uzayı metodolojisiyle Türkiye. Working Paper, No. 1806, Koç University-TÜSİAD Economic Research Forum (ERF), Istanbul.
- Zheng, H. H. and Wang, Z. X. (2019). Measurement and comparison of export sophistication of the new energy industry in 30 countries during 2000–2015. Renewable and Sustainable Energy Reviews, 108(February), 140–158. https://doi.org/10.1016/j.rser.2019.03.038.