The Impacts of Openness and Global Value Chains on The Performance of Turkish Sectors

Halit Yanıkkaya, Abdullah Altun and Pinar Tat ()
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Pinar Tat: Gebze Technical University

No 1447, Working Papers from Economic Research Forum

Abstract: Regarding the dynamics of contemporary world economy, success in a domestic economy cannot be achieved without effective integration policies for goods/services and capital flows. In order to evaluate this proposition, we utilize a large number of openness measures for two periods:1995-2009 and 2005-2014. For the earlier data set, we find that export and export of domestic value added increase total factor productivity growth. These variables are also positively associated with value added growth. Tariff rates which Turkey faces are negatively related to value added growth, which means decreasing competitiveness of Turkish goods and services in the international market. Forward GVC participation leads to increase in value added growth. For export growth, tariff rates faced significantly reduce the growth rate of both export and domestic value added export. For the later data set, all covariates other than tariff rates lose their significances. However, tariff rates Turkey imposes are positively related to both total factor productivity and value added growth. The negative effect of faced tariff rates is also persistent in export growth. Overall, designing and implementing trade policies to effectively integrate into the global value chains is an important task for Turkey.

Pages: 38
Date: 2020-12-20, Revised 2020-12-20
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-int
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Citations: View citations in EconPapers (4)

Published by The Economic Research Forum (ERF)

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Journal Article: The Impacts of Openness and Global Value Chains on the Performance of Turkish Sectors (2024)
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