Structural changes in exports of an emerging economy: Case of Turkey
Hülya Saygılı and
Mesut Saygili ()
Structural Change and Economic Dynamics, 2011, vol. 22, issue 4, 342-360
Abstract:
This paper indicates that Turkish exports are subject to structural changes as Turkey integrates into global production networks. Integration, which leads vertical specialization in production and changes in the commodity composition of Turkish exports in favor of non-traditional commodities, paces up during economic reform periods. As the export shares of non-traditional commodities, which have higher import and income sensitivity but lower real exchange rate elasticity, increases, coefficients of the aggregate export function change accordingly. Nevertheless, high import and income elasticity of exports imply that the global growth pattern plays a significant role in determining exports of Turkey.
Keywords: Turkish exports; Structural change; Kalman filter; Commodity based exports; Panel co-integration (search for similar items in EconPapers)
JEL-codes: F1 F4 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (12)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:22:y:2011:i:4:p:342-360
DOI: 10.1016/j.strueco.2011.08.001
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