Research Article

TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE

Volume: 11 Number: 2 December 31, 2024

TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE

Abstract

Purpose- This research examines the interplay between the industrial sector and foreign trade in Türkiye, emphasizing their significance in fostering the nation's economic progress and development. By analyzing this dynamic interaction, the research provides insights into Türkiye's economic trajectory toward sustainable development. Methodology- The analysis employs advanced stationarity and cointegration tests, including the Lee-Strazicich (2003), Narayan-Popp (2010), and Carrion-i-Silvestre et al. (2009) unit root tests, as well as the Hatemi-J (2008) and Maki (2012) cointegration tests. Findings- The results reveal that industry and foreign trade were cointegrated during the 1923–1979 period, but no such relationship was identified post-1980. Between 1923 and 1979, a 1% growth in exports was associated with a 0.38-unit increase in the share of industry within GDP, whereas a 1% rise in imports resulted in a 0.24-unit reduction in the same metric. Conclusion- The findings suggest that Türkiye should adopt a development-focused, planned economic system and prioritize export-oriented industrialization policies. This study is distinctive in its use of industry/GDP data, contributing a novel perspective to the literature.

Keywords

References

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Details

Primary Language

English

Subjects

Finance, Finance and Investment (Other), Business Administration

Journal Section

Research Article

Publication Date

December 31, 2024

Submission Date

June 25, 2024

Acceptance Date

November 2, 2024

Published in Issue

Year 2024 Volume: 11 Number: 2

APA
Aydın, A., & Çiğdem, G. (2024). TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE. Journal of Economics Finance and Accounting, 11(2), 97-119. https://doi.org/10.17261/Pressacademia.2024.1957
AMA
1.Aydın A, Çiğdem G. TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE. JEFA. 2024;11(2):97-119. doi:10.17261/Pressacademia.2024.1957
Chicago
Aydın, Atilla, and Gülgün Çiğdem. 2024. “TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE”. Journal of Economics Finance and Accounting 11 (2): 97-119. https://doi.org/10.17261/Pressacademia.2024.1957.
EndNote
Aydın A, Çiğdem G (December 1, 2024) TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE. Journal of Economics Finance and Accounting 11 2 97–119.
IEEE
[1]A. Aydın and G. Çiğdem, “TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE”, JEFA, vol. 11, no. 2, pp. 97–119, Dec. 2024, doi: 10.17261/Pressacademia.2024.1957.
ISNAD
Aydın, Atilla - Çiğdem, Gülgün. “TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE”. Journal of Economics Finance and Accounting 11/2 (December 1, 2024): 97-119. https://doi.org/10.17261/Pressacademia.2024.1957.
JAMA
1.Aydın A, Çiğdem G. TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE. JEFA. 2024;11:97–119.
MLA
Aydın, Atilla, and Gülgün Çiğdem. “TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE”. Journal of Economics Finance and Accounting, vol. 11, no. 2, Dec. 2024, pp. 97-119, doi:10.17261/Pressacademia.2024.1957.
Vancouver
1.Atilla Aydın, Gülgün Çiğdem. TURKIYE ON THE GROWTH-DEVELOPMENT AXIS: AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP OF INDUSTRY-FOREIGN TRADE. JEFA. 2024 Dec. 1;11(2):97-119. doi:10.17261/Pressacademia.2024.1957

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