Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry
This paper examines the relation between import substitution, labour productivity and industrial competitiveness. The data used in the analysis are obtained from UNIDO Industrial Demand Supply (2013) and UNIDO Industrial Statistics (2013) databases and cover the period of 1981-2001. Our results show...
| Main Authors: | , |
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| Format: | Article |
| Language: | Turkish |
| Published: |
Usak University
2016-07-01
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| Series: | Optimum Ekonomi ve Yönetim Bilimleri Dergisi |
| Subjects: | |
| Online Access: | http://dergipark.gov.tr/download/article-file/222756 |
| _version_ | 1797922096537403392 |
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| author | Yılmaz KILIÇASLAN Ilhom TEMUROV |
| author_facet | Yılmaz KILIÇASLAN Ilhom TEMUROV |
| author_sort | Yılmaz KILIÇASLAN |
| collection | DOAJ |
| description | This paper examines the relation between import substitution, labour productivity and industrial competitiveness. The data used in the analysis are obtained from UNIDO Industrial Demand Supply (2013) and UNIDO Industrial Statistics (2013) databases and cover the period of 1981-2001. Our results show that Turkish economy has really left import substitution after 1980. However, we found significant share of import substitution in total production in professional and scientific equipment, transportation equipment, electrical machinery, miscellaneous petroleum products, industrial chemicals industries and petroleum refineries in Korea especially in the 1990s. Our findings based on unbalanced dynamic panel data estimations showed that import substitution did not enhance labour productivity in manufacturing industry of both Korea and Turkey. However, we found that import substitution affects industrial competitiveness positively in both Korea and Turkey. Finally, we found in this study that while Korean manufacturing industry competitiveness is closely associated with labour productivity, competitiveness of Turkish manufacturing industry depends on the factors such as exchange rates, wage differentials rather than labour productivity. |
| first_indexed | 2024-04-10T14:26:59Z |
| format | Article |
| id | doaj.art-1f321be9eb814bccbad567792b946136 |
| institution | Directory Open Access Journal |
| issn | 2148-4228 2148-4228 |
| language | Turkish |
| last_indexed | 2024-04-10T14:26:59Z |
| publishDate | 2016-07-01 |
| publisher | Usak University |
| record_format | Article |
| series | Optimum Ekonomi ve Yönetim Bilimleri Dergisi |
| spelling | doaj.art-1f321be9eb814bccbad567792b9461362023-02-15T16:09:02ZturUsak UniversityOptimum Ekonomi ve Yönetim Bilimleri Dergisi2148-42282148-42282016-07-0132678310.17541/optimum.256390Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing IndustryYılmaz KILIÇASLANIlhom TEMUROVThis paper examines the relation between import substitution, labour productivity and industrial competitiveness. The data used in the analysis are obtained from UNIDO Industrial Demand Supply (2013) and UNIDO Industrial Statistics (2013) databases and cover the period of 1981-2001. Our results show that Turkish economy has really left import substitution after 1980. However, we found significant share of import substitution in total production in professional and scientific equipment, transportation equipment, electrical machinery, miscellaneous petroleum products, industrial chemicals industries and petroleum refineries in Korea especially in the 1990s. Our findings based on unbalanced dynamic panel data estimations showed that import substitution did not enhance labour productivity in manufacturing industry of both Korea and Turkey. However, we found that import substitution affects industrial competitiveness positively in both Korea and Turkey. Finally, we found in this study that while Korean manufacturing industry competitiveness is closely associated with labour productivity, competitiveness of Turkish manufacturing industry depends on the factors such as exchange rates, wage differentials rather than labour productivity.http://dergipark.gov.tr/download/article-file/222756ProductivityCompetitivenessImport SubstitutionManufacturingTurkeyKorea |
| spellingShingle | Yılmaz KILIÇASLAN Ilhom TEMUROV Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry Optimum Ekonomi ve Yönetim Bilimleri Dergisi Productivity Competitiveness Import Substitution Manufacturing Turkey Korea |
| title | Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry |
| title_full | Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry |
| title_fullStr | Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry |
| title_full_unstemmed | Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry |
| title_short | Import Substitution, Productivity and Competitiveness: Evidence from Korean and Turkish Manufacturing Industry |
| title_sort | import substitution productivity and competitiveness evidence from korean and turkish manufacturing industry |
| topic | Productivity Competitiveness Import Substitution Manufacturing Turkey Korea |
| url | http://dergipark.gov.tr/download/article-file/222756 |
| work_keys_str_mv | AT yılmazkilicaslan importsubstitutionproductivityandcompetitivenessevidencefromkoreanandturkishmanufacturingindustry AT ilhomtemurov importsubstitutionproductivityandcompetitivenessevidencefromkoreanandturkishmanufacturingindustry |