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Küresel Rekabet Gücü ve İhracat Performansı İlişkisi: OECD Ülkeleri Örneği

Year 2023, Volume: 7 Issue: 2, 1291 - 1308, 25.05.2023
https://doi.org/10.25295/fsecon.1245901

Abstract

Bu çalışmanın amacı, OECD ülkeleri için 2006-2019 dönemi arasında küresel rekabet endeksi, temel gereklilikler endeksi, etkinliği artırıcılar endeksi, yenilik ve gelişmişlik endeksi ile ihracat performansı arasındaki ilişkiyi analiz etmektir. Analiz kapsamında yatay kesit bağımlılığı dikkate alan ve durağan olmama durumunda da etkin bir tahminci olan Genişletilmiş Ortalama Grup (AMG) tahmincisi kullanılarak heterojen panel veri analizi uygulanmıştır. AMG tahmincisinden elde edilen bulgulara göre, panelin genelinde küresel rekabet endeksi, temel gereklilikler endeksi, etkinliği artırıcılar endeksi, yenilik ve gelişmişlik endeksi ile ihracat performansı arasında pozitif ve istatiksel olarak anlamlı bir ilişki olduğu tespit edilmiştir.

References

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  • Athanasoglou, P. P. & Bardaka, I. C. (2010). New Trade Theory, Non-Price Competitiveness and Export Performance. Economic Modelling, 27, 217-228.
  • Balcılar, M., Bal, H., Algan, N. & Demiral, M. (2014). Türkiye’nin İhracat Performansı: İhracat Hacminin Temel Belirleyicilerinin İncelenmesi 1995-2012. Ege Akademik Bakış, 14(3), 451-462.
  • Balassa, B. (1978). Export and Economic Growth: Further Evidence. Journal of Development Economics, 5, 181-189.
  • Batiz, L R. & Romer, P. M. (1991). International Trade with Endogenous Technological Change. NBER Working Papers Series, 3594, 1-45.
  • Beck, T. (2002). Financial Development and International Trade is There A Link?. Journal of International Economics, 57, 107-131.
  • Bierut, B. K. & Pawlak, K. K. (2017). Competitiveness and Export Performance of CEE Countries. Eastern European Economics, 55(6), 522-542.
  • Bhagwati, J. N. (1978). Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes: Liberalization Attempts and Consequences. Cambridge: NBER.
  • Blomquist, J. & Westerlund, J. (2013). Testing Slope Homogeneity in Large Panels with Serial Correlation. Economics Letters, 121(3), 374-378.
  • Boltho, A. (1996). The Assessment: Internatıonal Competitiveness. Oxford Review of Economic Policy, 12(3), 1-16.
  • Bournakis, I. & Tsoukis, C. (2016). Government Size, Institutions and Export Performance Among OECD Economies, Economic Modelling, 53, 37-47.
  • Breusch, T. S. & Pagan, A. R. (1980). The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Carlin, W., Glyn A. & Reenen, J. V. (2001). Export Market Performance of OECD Countries: An Emprical Examination of the Role of Cost Competitiveness. The Economic Journal, 111, 128-162.
  • Chen, X., He, J. & Qiao, L. (2022). Does Environmental Regulation Affect the Export Competitiveness of Chinese Firms?. Journal of Environmental Management, 317(1), 115199.
  • Chenery, H. B. (1961). Comperative Advantage and Development Policy. American Economic Review, 51(1), 8-51.
  • Chikan, A. (2008). National and Firm Competitiveness: A General Research Model. Competitiveness Review: An International Business Journal, 18(1/2), 20-28.
  • Cho, D. S. & Moon, H. C. (2002). From Adam Smith to Michael Porter Evolution of Competitiveness Theory. Hong Kong: World Scientific.
  • Eberhardt, M. & Bond, S. (2009). Cross-Section Dependence in Nonstationary Panel Models: A Novel Estimator. MPRA Paper.
  • Eberhardt, M. & Teal, F. (2010). Mangos in the Tundra. Spatial Heterogenetity in Agricultural Productivity Analysis. Centre for the Study of African Economies, University of Oxford Work Paper.
  • Eruygur, H. O. & Özokcu, S. (2017). Türkiye’de İklim Değişikliğinin Buğday Verimi Üzerine Etkileri: Bir Heterojen Panel Çalışması. Ekonomik Yaklaşım Dergisi, 27(101), 219-255.
  • Esteves, P. S. & Rua, A. (2015). Is There a Role for Domestic Demand Pressure on Export Performance. Empirical Economics, 49, 1173-1189.
  • Grosman, G. & Helpman, E. (1991). Innovation and Growth in the Global Economy. Cambridge: MIT Press.
  • Helpman, E. & Krugman, P. (1985). Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy. England: The MIT Press.
  • Hildreth, C. & Houck, J. P. (1968). Some Estimators for a Linear Model with Random Coefficients. Journal of the American Statistical Association, 63(322), 584-595.
  • Johnston, J. (1984). Econometric Methods. New York: McGraw-Hill.
  • Krueger, A. O. (1978). Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences. Cambridge: NBER.
  • Küresel Rekabet Raporu. (2006-2019). WEF. https://www.weforum.org.
  • Madzova, V. (2018). The Impact of Competitiveness on Export Performance of Republic of Macedonia. Traders International Conference on International Trade, 10-12 Mayıs 2018, Sakarya.
  • Marčeta, M. & Bojnec, S. (2022). Analysis of the Economic Performance and Competitiveness of the European Union Countries. Serbian Journal of Management, 17(1), 219-236.
  • OECD, (1992). Technology and the Economy: The Key Relationships. Paris.
  • Ohlin, B. (1935). Interregional and International Trade. Cambridge: Harvard University.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross-Sectional Dependence in Panels. Cambridge Working Papers in Economics, No:0435, 13-50.
  • Pesaran, M. H. (2006). Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure. Econometrica, 74(4), 967-1012.
  • Pesaran, M. H. & Smith, R. (1995). Estimating Long-Run Relationships from Dynamic Heterogeneous Panels. Journal of Econometrics, 68(1), 79-113.
  • Pesaran, M. H. & Yamagata, T. (2008). Testing Slope Homogeneity in Large Panels. Journal of Econometrics, 142(1), 50-93.
  • Pesaran, M. H., Ullah, A. & Yamagata, T. (2008). A Bias‐Adjusted LM Test of Error Cross‐Section Independence. The Econometrics Journal, 11(1), 105-127.
  • Porter, M. E. (1990). The Competitive Advantage of Nations. New York: Free Press, MacMillan.
  • Ricardo, D. (1973). The Principles of Political Economy and Taxation.
  • Ricardo, D. (2001). On the Principles of Political Economy and Taxation. Kitchener, Batoche Books.
  • Ruzekova, V., Kittova, Z. & Steinhauser, D. (2020). Export Performance as a Measurement of Competitiveness. Journal of Competitiveness, 12(1), 145-160.
  • Selvaness, I. & Zaki, C. (2019). On the Interaction Between Exports and Labor Market Regulation: Evidence from the MENA Countries. The Quarterly Journal of Economics, 73, 24-33.
  • Siddiqui, A. H., Ali, S. A. & Azhar, U. (2020). Global Competitiveness and Potential for Higher Export. Journal of Business Studies, 16, 17-29.
  • Smith, A. (1937). The Wealth of Nations [1776] (Vol. 11937).
  • Smith, A. (1869). An Inquiry into the Nature and Causes of the Wealth of Nations. Oxford: Clarendon Press.
  • Swamy, P. A. V. B. & Swamy, P. A. V. B. (1971). Statistical Inference in Random Coefficient Regression Models Using Panel Data. Statistical Inference in Random Coefficient Regression Models, 97-155.
  • Xu, H. (2016). Domestic Railroad Infrastructure and Exports: Evidence from the Silk Route. China Economic Review, 41, 129-147.
  • Zellner, A. (1962). An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias. Journal of the American Statistical Association, 57(298), 348-368.

The Relationship Between Global Competitiveness and Export Performance: The Case of OECD Countries

Year 2023, Volume: 7 Issue: 2, 1291 - 1308, 25.05.2023
https://doi.org/10.25295/fsecon.1245901

Abstract

The aim of this study is to analyze the relationship between global competitiveness index, basic requirements index, efficiency enhancers index, innovation and sophistication index and export performance for OECD countries between the period of 2006-2019. In the study, heterogeneous panel data analysis was applied by using the Augmented Mean Group (AMG) estimator, which takes into account the cross-sectional dependence and is an effective estimator in the case of non-stationarity. Based on the AMG results, we found that there is a positive and statistically significant relationship between the global competitiveness index, basic requirements index, efficiency enhancers index, innovation and sophistication index and export performance throughout the panel.

References

  • Akhuand, A. & Abbas, S. (2023). Modeling Determinants of Competitiveness: A Case of Textile Sector of Pakistan. The Journal of the Textile Institute, 114(1), 22-31.
  • Athanasoglou, P. P. & Bardaka, I. C. (2010). New Trade Theory, Non-Price Competitiveness and Export Performance. Economic Modelling, 27, 217-228.
  • Balcılar, M., Bal, H., Algan, N. & Demiral, M. (2014). Türkiye’nin İhracat Performansı: İhracat Hacminin Temel Belirleyicilerinin İncelenmesi 1995-2012. Ege Akademik Bakış, 14(3), 451-462.
  • Balassa, B. (1978). Export and Economic Growth: Further Evidence. Journal of Development Economics, 5, 181-189.
  • Batiz, L R. & Romer, P. M. (1991). International Trade with Endogenous Technological Change. NBER Working Papers Series, 3594, 1-45.
  • Beck, T. (2002). Financial Development and International Trade is There A Link?. Journal of International Economics, 57, 107-131.
  • Bierut, B. K. & Pawlak, K. K. (2017). Competitiveness and Export Performance of CEE Countries. Eastern European Economics, 55(6), 522-542.
  • Bhagwati, J. N. (1978). Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes: Liberalization Attempts and Consequences. Cambridge: NBER.
  • Blomquist, J. & Westerlund, J. (2013). Testing Slope Homogeneity in Large Panels with Serial Correlation. Economics Letters, 121(3), 374-378.
  • Boltho, A. (1996). The Assessment: Internatıonal Competitiveness. Oxford Review of Economic Policy, 12(3), 1-16.
  • Bournakis, I. & Tsoukis, C. (2016). Government Size, Institutions and Export Performance Among OECD Economies, Economic Modelling, 53, 37-47.
  • Breusch, T. S. & Pagan, A. R. (1980). The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Carlin, W., Glyn A. & Reenen, J. V. (2001). Export Market Performance of OECD Countries: An Emprical Examination of the Role of Cost Competitiveness. The Economic Journal, 111, 128-162.
  • Chen, X., He, J. & Qiao, L. (2022). Does Environmental Regulation Affect the Export Competitiveness of Chinese Firms?. Journal of Environmental Management, 317(1), 115199.
  • Chenery, H. B. (1961). Comperative Advantage and Development Policy. American Economic Review, 51(1), 8-51.
  • Chikan, A. (2008). National and Firm Competitiveness: A General Research Model. Competitiveness Review: An International Business Journal, 18(1/2), 20-28.
  • Cho, D. S. & Moon, H. C. (2002). From Adam Smith to Michael Porter Evolution of Competitiveness Theory. Hong Kong: World Scientific.
  • Eberhardt, M. & Bond, S. (2009). Cross-Section Dependence in Nonstationary Panel Models: A Novel Estimator. MPRA Paper.
  • Eberhardt, M. & Teal, F. (2010). Mangos in the Tundra. Spatial Heterogenetity in Agricultural Productivity Analysis. Centre for the Study of African Economies, University of Oxford Work Paper.
  • Eruygur, H. O. & Özokcu, S. (2017). Türkiye’de İklim Değişikliğinin Buğday Verimi Üzerine Etkileri: Bir Heterojen Panel Çalışması. Ekonomik Yaklaşım Dergisi, 27(101), 219-255.
  • Esteves, P. S. & Rua, A. (2015). Is There a Role for Domestic Demand Pressure on Export Performance. Empirical Economics, 49, 1173-1189.
  • Grosman, G. & Helpman, E. (1991). Innovation and Growth in the Global Economy. Cambridge: MIT Press.
  • Helpman, E. & Krugman, P. (1985). Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy. England: The MIT Press.
  • Hildreth, C. & Houck, J. P. (1968). Some Estimators for a Linear Model with Random Coefficients. Journal of the American Statistical Association, 63(322), 584-595.
  • Johnston, J. (1984). Econometric Methods. New York: McGraw-Hill.
  • Krueger, A. O. (1978). Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences. Cambridge: NBER.
  • Küresel Rekabet Raporu. (2006-2019). WEF. https://www.weforum.org.
  • Madzova, V. (2018). The Impact of Competitiveness on Export Performance of Republic of Macedonia. Traders International Conference on International Trade, 10-12 Mayıs 2018, Sakarya.
  • Marčeta, M. & Bojnec, S. (2022). Analysis of the Economic Performance and Competitiveness of the European Union Countries. Serbian Journal of Management, 17(1), 219-236.
  • OECD, (1992). Technology and the Economy: The Key Relationships. Paris.
  • Ohlin, B. (1935). Interregional and International Trade. Cambridge: Harvard University.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross-Sectional Dependence in Panels. Cambridge Working Papers in Economics, No:0435, 13-50.
  • Pesaran, M. H. (2006). Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure. Econometrica, 74(4), 967-1012.
  • Pesaran, M. H. & Smith, R. (1995). Estimating Long-Run Relationships from Dynamic Heterogeneous Panels. Journal of Econometrics, 68(1), 79-113.
  • Pesaran, M. H. & Yamagata, T. (2008). Testing Slope Homogeneity in Large Panels. Journal of Econometrics, 142(1), 50-93.
  • Pesaran, M. H., Ullah, A. & Yamagata, T. (2008). A Bias‐Adjusted LM Test of Error Cross‐Section Independence. The Econometrics Journal, 11(1), 105-127.
  • Porter, M. E. (1990). The Competitive Advantage of Nations. New York: Free Press, MacMillan.
  • Ricardo, D. (1973). The Principles of Political Economy and Taxation.
  • Ricardo, D. (2001). On the Principles of Political Economy and Taxation. Kitchener, Batoche Books.
  • Ruzekova, V., Kittova, Z. & Steinhauser, D. (2020). Export Performance as a Measurement of Competitiveness. Journal of Competitiveness, 12(1), 145-160.
  • Selvaness, I. & Zaki, C. (2019). On the Interaction Between Exports and Labor Market Regulation: Evidence from the MENA Countries. The Quarterly Journal of Economics, 73, 24-33.
  • Siddiqui, A. H., Ali, S. A. & Azhar, U. (2020). Global Competitiveness and Potential for Higher Export. Journal of Business Studies, 16, 17-29.
  • Smith, A. (1937). The Wealth of Nations [1776] (Vol. 11937).
  • Smith, A. (1869). An Inquiry into the Nature and Causes of the Wealth of Nations. Oxford: Clarendon Press.
  • Swamy, P. A. V. B. & Swamy, P. A. V. B. (1971). Statistical Inference in Random Coefficient Regression Models Using Panel Data. Statistical Inference in Random Coefficient Regression Models, 97-155.
  • Xu, H. (2016). Domestic Railroad Infrastructure and Exports: Evidence from the Silk Route. China Economic Review, 41, 129-147.
  • Zellner, A. (1962). An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias. Journal of the American Statistical Association, 57(298), 348-368.
There are 47 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Feride Öztürk 0000-0003-2159-7531

İpek Kurt 0000-0001-8862-2848

Publication Date May 25, 2023
Published in Issue Year 2023 Volume: 7 Issue: 2

Cite

APA Öztürk, F., & Kurt, İ. (2023). Küresel Rekabet Gücü ve İhracat Performansı İlişkisi: OECD Ülkeleri Örneği. Fiscaoeconomia, 7(2), 1291-1308. https://doi.org/10.25295/fsecon.1245901

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