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Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis

Year 2021, Volume: 29 Issue: 49, 113 - 129, 30.07.2021
https://doi.org/10.17233/sosyoekonomi.2021.03.06

Abstract

The automotive sector plays a significant role in the Turkish economy in creating relatively high added value and employment and accelerating the country's global trade share. The sector is so substantial that it has become the leader in Turkish exports in the last decade. There are plenty of papers in the literature regarding the automotive sector and economic growth nexus and implementing various methods. Still, hardly any studies focus merely on the current account deficits the sector generates, incorporating an input-output analysis. This paper examines the automotive sector and current account deficit nexus through input-output analysis. The results highlight that the automotive sector is highly dependent on imports.

References

  • Alcantara, V. & E. Padilla (2003), “Key Sectors in Final Energy Consumption: An Input/Output Application to the Spanish Case”, Energy Policy, 31(15), 1673-1678.
  • Baynes, T. & M. Lenzen & J.K. Steinberger & X. Bai (2011), “Comparison of Household Consumption and Regional Production Approaches to Assess Urban Energy Use and Implications for policy”, Energy Policy, 39(11), 7298-7309.
  • Chen, Z.M. & G. Chen (2013), “Demand-Driven Energy Requirement of World Economy 2007: A Multi-Region Input-Output Network Simulation”, Communications in Nonlinear Science and Numerical Simulation, 18(7), 1757-1774.
  • Chenery, H.B. & T. Watanabe (1958), “International Comparisons of the Structure of Production”, Econometrica: Journal of the Econometric Society, 26(4), 487-521.
  • Chiu, R.H. & Y.C. Lin (2012), “The Inter-Industrial Linkage of Maritime Sector in Taiwan: An Input-Output Analysis”, Applied Economics Letters, 19(4), 337-343.
  • Driver, C. (1994), “Structural Change in the UK 1974-84: An Input-Output Analysis”, Applied Economics, 26(2), 153-158.
  • Erduman, Y. & O. Eren & S. Gül (2019), “The Evolution of Import Content of Production and Exports in Turkey: 2002-2017”, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, Working Paper No: 19/09.
  • Ersungur, Ş. & A. Kızıltan (2007), “Türkiye Ekonomisinde İthalata Bağımlılığın Girdi-Çıktı Yöntemiyle Analizi”, Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 9(1), 267-278.
  • Günlük-Şenesen, G. & Ü. Şenesen (2001), “Reconsidering Import Dependency In Turkey: The Breakdown of Sectoral Demands with Respect to Suppliers”, Economic Systems Research, 13(4), 417-428.
  • Guo, J. & M.A. Planting (2001), “Using Input-Output Analysis to Measure U.S. Economic Structural Change Over a 24 Year Period”, Bureau of Economic Analysis Working Paper 2000(01), Washington: US Department of Commerce.
  • Hazari, B.R. (1970), “Empirical Identification of Key Sectors in the Indian Economy”, The Review of Economics and Statistics, 52(3), 301-305.
  • Hewings, G.J.D. (2020), Regional Input-Output Analysis, West Virginia University, Web Book of Regional Science, <https://researchrepository.wvu.edu/rri-web-book/10>, 10.08.2020.
  • Hirschman, A.O. (1958), “A Dissenter´s Confession: The Strategy of Economic Development”, Revisited. in G.M. Meier & D. Seers (eds.), (1984) Pioneers in Development, Oxford University Press.
  • İnançlı, S. & A. Konak (2011), “Türkiye’de İhracatın İthalata Bağımlılığı: Otomotiv Sektörü”, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 6(2), 343-362.
  • Istanbul Chamber of Industry “ISO 500” (2020), Turkey’s Top 500 Industrial Enterprises 2019 Survey, Home Page - İSO 500 | Türkiye’nin 500 Büyük Sanayi Kuruluşu, <iso500.org.tr>, 16.08.2020.
  • Jensen, R.C. & T.D. Mandeville & N.D. Karunaratne (2017), Regional economic planning: Generation of regional input-output analysis, Google Books.
  • Korres, G.M. (1996), “Sources of Structural Change: An Input-Output Decomposition Analysis for Greece”, Applied Economics Letters, 3(11), 707-710.
  • Küçükkiremitçi, O. (2013), “Türkiye ve Avrupa Birliği Üyesi Ülkelerin Üretim Yapılarının Girdi-Çıktı Analizi ve Benzeşme Testleri Yöntemiyle Karşılaştırılması”, PhD Thesis, Gazi Üniversitesi, Ankara.
  • Leontief, W.W. (1936), “Quantitative Input and Output Relations in the Economic Systems of the United States”, The Review of Economics and Statistics, 18(3), 105-125.
  • Lind, D. (2014), Value Creation and Structural Change during the Third industrial Revolution. The Swedish Economy from a Vertical Perspective, School of Economics and Management, Department of Economic History, Lund University, Sweden.
  • Machado, G. & R. Schaeffer & E. Worrell (2001), “Energy and Carbon Embodied in the International Trade of Brazil: An Input-Output Approach”, Ecological Economics, 39(3), 409-424.
  • Managi, S. & D. Karemera (2004), “Input and output biased technological change in US agriculture”, Applied Economics Letters, 11(5), 283-286.
  • Midmore, P. & M. Munday & A. Roberts (2006), “Assessing industry linkages using regional input-output tables”, Regional Studies, 40(3), 329-343.
  • Miernyk, W.H. (2020), The elements of input-output analysis, Web Book of Regional Science, 6, Regional Research Institute, West Virginia University.
  • Miller, R.E. & P.D. Blair (2009), Input-Output Analysis: Foundations And Extensions, Cambridge University Press. Quesnay, F. (1894), Tableau Economique (First Printed in 1758 and Now Reproduced in Facsimile for the British Economic Association), Macmillan & Company.
  • Raa, T.T. (2006), The economics of input-output analysis, Cambridge University Press The Economics of Input-Output Analysis - Thijs ten Raa - Google Kitaplar, 12.04.2020.
  • Rasmussen, P.N. (1956), Studies in Inter-Sectoral Relations, Holland.
  • Reis, H. & A. Rua (2009), “An Input-Output Analysis: Linkages versus Leakages”, International Economic Journal, 23(4), 527-544.
  • Saygılı, H. & M. Saygılı (2011), “Structural Changes in Exports of an Emerging Economy: Case of Turkey”, Structural Change and Economic Dynamics, 22(4), 342-360.
  • Şenesen, Ü. & G. Günlük-Şenesen (2003), “Import dependency of production in Turkey: structural change from 1970’s to 1990’s”, Tenth Annual Conference of the Economic Research Forum (ERF), 16-18.
  • Smith, M. & Y. Sarabi (2021), “UK Trading Patterns within and Between Regions in the Automotive Sector - A network analysis”, The World Economy, 44(2), 510-529.
  • Sözen, A. & İ. Alp & Ü. İskender (2014), “An Evaluation of Turkey’s Energy Dependency”, Economics, Planning and Policy, 9(4), 398-412.
  • Sözen, A. (2009), “Future Projection of The Energy Dependency of Turkey Using Artificial Neural Network”, Energy Policy, 37(11) ,4827-4833.
  • Timmer, M.P. & E. Dietzenbacher & B. Los & R. Stehrer & G.J. De Vries (2015), “An Illustrated User Guide to the World Input-Output Database: The case of Global Automotive Production”, Review of International Economics, 23(3), 575-605.
  • Toh, M.H. & S.M. Thangavelu (2013), “An Input-Output Study of the Singapore Information Sector”, Economic Systems Research, 25(2), 233-244.
  • Topcuoğlu, A. & I.O. Oral (2020), “Importance of Energy for Industries and Role of the Energy Sector in Turkey’s Economy”, Dynamics of Energy, Environment and Economy. Lecture Notes in Energy, 77.
  • Tukker, A. & E. Dietzenbacher (2013), “Global Multiregional Input-Output Frameworks: An Introduction and Outlook”, Economic Systems Research, 25(1),1-19.
  • Ünal, E. (2021), “Industrial Growth Models by Input-Output Analysis and an Institutional Approach to the Automotive Industry in China and Turkey”, Evolutionary and Institutional Economics Review, 18, 175-203.
  • Watanabe, C. & M. Kishioka & C.A. Carvajal (2005), “IT Substitution for Energy Leads To a Resilient Structure For a Survival Strategy of Japan’s Electric Power Industry”, Energy Policy, 33(8), 1069-1084.

Türkiye’de Otomotiv Sektörü ve Cari İşlemler Açığı İlişkisi: Bir Girdi Çıktı Analizi

Year 2021, Volume: 29 Issue: 49, 113 - 129, 30.07.2021
https://doi.org/10.17233/sosyoekonomi.2021.03.06

Abstract

Otomotiv sektörü görece yüksek katma değer ve küresel ticaretten aldığı pay ile Türkiye ihracatı açısından büyük önem taşımaktadır. Öyle ki son yıllarda Türkiye ihracatının (%17-18) lokomotifi konumuna ulaşmıştır. Literatürde sektörünün ekonomiye katkısını regresyon ve benzeri analizlerle ortaya koymayı amaçlayan birçok çalışma bulunmaktadır. Ancak sektör üretiminin cari işlemler açığına etkisini girdi çıktı analizi kapsamında değerlendiren az sayıda çalışma bulunduğu gözlemlenmiştir. Bu bağlamda bu çalışmada girdi çıktı analizi kapsamında, sektör üretiminin cari işlemler hesabına etkisinin ortaya konulması amaçlanmıştır. TÜİK tarafından yayınlanan 2012 yılına ait girdi-çıktı tablolarından sektöre yönelik sızıntı ve bağlantı katsayıları hesaplanmış; sektörün üretim aşamasında ithalata bağımlı olduğu tespit edilmiştir.

References

  • Alcantara, V. & E. Padilla (2003), “Key Sectors in Final Energy Consumption: An Input/Output Application to the Spanish Case”, Energy Policy, 31(15), 1673-1678.
  • Baynes, T. & M. Lenzen & J.K. Steinberger & X. Bai (2011), “Comparison of Household Consumption and Regional Production Approaches to Assess Urban Energy Use and Implications for policy”, Energy Policy, 39(11), 7298-7309.
  • Chen, Z.M. & G. Chen (2013), “Demand-Driven Energy Requirement of World Economy 2007: A Multi-Region Input-Output Network Simulation”, Communications in Nonlinear Science and Numerical Simulation, 18(7), 1757-1774.
  • Chenery, H.B. & T. Watanabe (1958), “International Comparisons of the Structure of Production”, Econometrica: Journal of the Econometric Society, 26(4), 487-521.
  • Chiu, R.H. & Y.C. Lin (2012), “The Inter-Industrial Linkage of Maritime Sector in Taiwan: An Input-Output Analysis”, Applied Economics Letters, 19(4), 337-343.
  • Driver, C. (1994), “Structural Change in the UK 1974-84: An Input-Output Analysis”, Applied Economics, 26(2), 153-158.
  • Erduman, Y. & O. Eren & S. Gül (2019), “The Evolution of Import Content of Production and Exports in Turkey: 2002-2017”, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, Working Paper No: 19/09.
  • Ersungur, Ş. & A. Kızıltan (2007), “Türkiye Ekonomisinde İthalata Bağımlılığın Girdi-Çıktı Yöntemiyle Analizi”, Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 9(1), 267-278.
  • Günlük-Şenesen, G. & Ü. Şenesen (2001), “Reconsidering Import Dependency In Turkey: The Breakdown of Sectoral Demands with Respect to Suppliers”, Economic Systems Research, 13(4), 417-428.
  • Guo, J. & M.A. Planting (2001), “Using Input-Output Analysis to Measure U.S. Economic Structural Change Over a 24 Year Period”, Bureau of Economic Analysis Working Paper 2000(01), Washington: US Department of Commerce.
  • Hazari, B.R. (1970), “Empirical Identification of Key Sectors in the Indian Economy”, The Review of Economics and Statistics, 52(3), 301-305.
  • Hewings, G.J.D. (2020), Regional Input-Output Analysis, West Virginia University, Web Book of Regional Science, <https://researchrepository.wvu.edu/rri-web-book/10>, 10.08.2020.
  • Hirschman, A.O. (1958), “A Dissenter´s Confession: The Strategy of Economic Development”, Revisited. in G.M. Meier & D. Seers (eds.), (1984) Pioneers in Development, Oxford University Press.
  • İnançlı, S. & A. Konak (2011), “Türkiye’de İhracatın İthalata Bağımlılığı: Otomotiv Sektörü”, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 6(2), 343-362.
  • Istanbul Chamber of Industry “ISO 500” (2020), Turkey’s Top 500 Industrial Enterprises 2019 Survey, Home Page - İSO 500 | Türkiye’nin 500 Büyük Sanayi Kuruluşu, <iso500.org.tr>, 16.08.2020.
  • Jensen, R.C. & T.D. Mandeville & N.D. Karunaratne (2017), Regional economic planning: Generation of regional input-output analysis, Google Books.
  • Korres, G.M. (1996), “Sources of Structural Change: An Input-Output Decomposition Analysis for Greece”, Applied Economics Letters, 3(11), 707-710.
  • Küçükkiremitçi, O. (2013), “Türkiye ve Avrupa Birliği Üyesi Ülkelerin Üretim Yapılarının Girdi-Çıktı Analizi ve Benzeşme Testleri Yöntemiyle Karşılaştırılması”, PhD Thesis, Gazi Üniversitesi, Ankara.
  • Leontief, W.W. (1936), “Quantitative Input and Output Relations in the Economic Systems of the United States”, The Review of Economics and Statistics, 18(3), 105-125.
  • Lind, D. (2014), Value Creation and Structural Change during the Third industrial Revolution. The Swedish Economy from a Vertical Perspective, School of Economics and Management, Department of Economic History, Lund University, Sweden.
  • Machado, G. & R. Schaeffer & E. Worrell (2001), “Energy and Carbon Embodied in the International Trade of Brazil: An Input-Output Approach”, Ecological Economics, 39(3), 409-424.
  • Managi, S. & D. Karemera (2004), “Input and output biased technological change in US agriculture”, Applied Economics Letters, 11(5), 283-286.
  • Midmore, P. & M. Munday & A. Roberts (2006), “Assessing industry linkages using regional input-output tables”, Regional Studies, 40(3), 329-343.
  • Miernyk, W.H. (2020), The elements of input-output analysis, Web Book of Regional Science, 6, Regional Research Institute, West Virginia University.
  • Miller, R.E. & P.D. Blair (2009), Input-Output Analysis: Foundations And Extensions, Cambridge University Press. Quesnay, F. (1894), Tableau Economique (First Printed in 1758 and Now Reproduced in Facsimile for the British Economic Association), Macmillan & Company.
  • Raa, T.T. (2006), The economics of input-output analysis, Cambridge University Press The Economics of Input-Output Analysis - Thijs ten Raa - Google Kitaplar, 12.04.2020.
  • Rasmussen, P.N. (1956), Studies in Inter-Sectoral Relations, Holland.
  • Reis, H. & A. Rua (2009), “An Input-Output Analysis: Linkages versus Leakages”, International Economic Journal, 23(4), 527-544.
  • Saygılı, H. & M. Saygılı (2011), “Structural Changes in Exports of an Emerging Economy: Case of Turkey”, Structural Change and Economic Dynamics, 22(4), 342-360.
  • Şenesen, Ü. & G. Günlük-Şenesen (2003), “Import dependency of production in Turkey: structural change from 1970’s to 1990’s”, Tenth Annual Conference of the Economic Research Forum (ERF), 16-18.
  • Smith, M. & Y. Sarabi (2021), “UK Trading Patterns within and Between Regions in the Automotive Sector - A network analysis”, The World Economy, 44(2), 510-529.
  • Sözen, A. & İ. Alp & Ü. İskender (2014), “An Evaluation of Turkey’s Energy Dependency”, Economics, Planning and Policy, 9(4), 398-412.
  • Sözen, A. (2009), “Future Projection of The Energy Dependency of Turkey Using Artificial Neural Network”, Energy Policy, 37(11) ,4827-4833.
  • Timmer, M.P. & E. Dietzenbacher & B. Los & R. Stehrer & G.J. De Vries (2015), “An Illustrated User Guide to the World Input-Output Database: The case of Global Automotive Production”, Review of International Economics, 23(3), 575-605.
  • Toh, M.H. & S.M. Thangavelu (2013), “An Input-Output Study of the Singapore Information Sector”, Economic Systems Research, 25(2), 233-244.
  • Topcuoğlu, A. & I.O. Oral (2020), “Importance of Energy for Industries and Role of the Energy Sector in Turkey’s Economy”, Dynamics of Energy, Environment and Economy. Lecture Notes in Energy, 77.
  • Tukker, A. & E. Dietzenbacher (2013), “Global Multiregional Input-Output Frameworks: An Introduction and Outlook”, Economic Systems Research, 25(1),1-19.
  • Ünal, E. (2021), “Industrial Growth Models by Input-Output Analysis and an Institutional Approach to the Automotive Industry in China and Turkey”, Evolutionary and Institutional Economics Review, 18, 175-203.
  • Watanabe, C. & M. Kishioka & C.A. Carvajal (2005), “IT Substitution for Energy Leads To a Resilient Structure For a Survival Strategy of Japan’s Electric Power Industry”, Energy Policy, 33(8), 1069-1084.
There are 39 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Articles
Authors

Banu Erkök 0000-0002-3410-9210

Publication Date July 30, 2021
Submission Date November 18, 2020
Published in Issue Year 2021 Volume: 29 Issue: 49

Cite

APA Erkök, B. (2021). Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis. Sosyoekonomi, 29(49), 113-129. https://doi.org/10.17233/sosyoekonomi.2021.03.06
AMA Erkök B. Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis. Sosyoekonomi. July 2021;29(49):113-129. doi:10.17233/sosyoekonomi.2021.03.06
Chicago Erkök, Banu. “Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis”. Sosyoekonomi 29, no. 49 (July 2021): 113-29. https://doi.org/10.17233/sosyoekonomi.2021.03.06.
EndNote Erkök B (July 1, 2021) Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis. Sosyoekonomi 29 49 113–129.
IEEE B. Erkök, “Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis”, Sosyoekonomi, vol. 29, no. 49, pp. 113–129, 2021, doi: 10.17233/sosyoekonomi.2021.03.06.
ISNAD Erkök, Banu. “Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis”. Sosyoekonomi 29/49 (July 2021), 113-129. https://doi.org/10.17233/sosyoekonomi.2021.03.06.
JAMA Erkök B. Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis. Sosyoekonomi. 2021;29:113–129.
MLA Erkök, Banu. “Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis”. Sosyoekonomi, vol. 29, no. 49, 2021, pp. 113-29, doi:10.17233/sosyoekonomi.2021.03.06.
Vancouver Erkök B. Current Account Deficit and Automotive Sector Nexus in Turkey: An Input-Output Analysis. Sosyoekonomi. 2021;29(49):113-29.