Araştırma Makalesi
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ANALYSIS OF THE RELATIONSHIP BETWEEN HIGH-TECH PRODUCT IMPORTS AND CURRENT ACCOUNT DEFICIT IN THE TURKISH ECONOMY

Yıl 2023, , 1 - 13, 10.07.2023
https://doi.org/10.31671/doujournal.1160722

Öz

The aim of this study is to explain how the current account balance of the Turkish economy is affected by high technology product imports and this trade within the framework of causality analysis. One of the most important factors affecting the current account balance of a country is the import item. As a result of the lower export revenues of the country in return for the imports, the current account balance is adversely affected. The factor that provides the highest return in the production process of the country is the production of high-tech products. While some countries are at the top in the production of high-tech products, others are in the position of importers. Countries that are importers of high-tech products generally have current account deficit problems. However, all countries are trying to build their production structures to produce high-tech products. In this study, the relationship between high technology product imports and current account deficit in the Turkish economy was tested with Granger Causality Analysis. The current account deficit data obtained from the CBRT and the import level of high technology products obtained from TURKSTAT are used monthly between 2013-2021. As a result of the analysis carried out, no causal relationship could be determined between the import of high technology products and the current account deficit.

Kaynakça

  • Acemoglu, D. (1998). Why do new technologies complement skills? Directed technical change and wage inequality. Forthcoming Quarterly Journal of Economics, 113(4) 1055-1089.
  • Aslan, N. (2013). KPSS ve kurum sınavları için makro iktisat. İstanbul: Marmara Kariyer Akademisi.
  • Banton, C. (2021). Neoclasical growth theory. https://www.investopedia.com/terms/n/neoclassical-growth-theory.asp adresinden alındı
  • Baumol, W. (2002). The free market innovation machine. New Jersey: Princeton University Press.
  • Buscemi, A., & Yallwe, A. H. (2012). Fiscal deficit, national saving and sustainability of economic growth in emerging economies: A dynamic gmm panel data approach. International Journal of Economics and Financial Issues, 2(2), 128.
  • Calderon, C., Chong, A., & Loayza, N. (2002). Determinants of current account deficits in developing countries. Contributions to Macroeconomics, 2(1), 15.
  • Calderón, C., Chong, A., & Zanforlin, L. (2007). Current account deficits in Africa: Stylized facts and basic determinants. Economic Development and Cultural Change, 56(1), 191-209.
  • Çetin, M. (2009). Kaldor büyüme yasasının ampirik analizi: Türkiye ve AB ülkeleri örneği. Afyon Kocatepe Üniversitesi İİBF Dergisi, 11(1), 355-373.
  • Dosi, G., & Nelson, R. (2009). Technical change and industrial dyniamics as evolutionary processes. 8-9. Pisa.
  • Edwards, S. (2001). Does the current account matter? Chiago: University of Chicago Press.
  • Ferrero, A. (2015). House price booms, current account deficits and low ınterest rates. Credit and Banking, 47(1), 261-293.
  • Findlay, R. (1978). Relative backwardness, direct foreign ınvestment, and the transfer of technology: A simple dynamic model. The Quarterly Journal of Economics, 92(1), 1-14.
  • Folgieri, R. (2019). Technology, artificial intelligence and Keynes' utopia: A realized prediction? https://www.researchgate.net/publication/331328435_Technology_Artificial_Intelligence_and_Keynes'_Utopia_A_Realized_Prediction adresinden alındı
  • Forbes, N., & Wield, D. (2000). Managing r&d in technology followers. Research Policy, 29(9) 1095-1109.
  • Franjo, L. (2018). International interest rates, the current account and housing markets. Economic Modelling, 75, 1-13.
  • Freund, C. (2000). Current account adjustment in industrialized countries. International Finance Discussion Papers, 2-17.
  • Furceri, D., & Zdzienicka, A. (2018). Twin deficits in developing economies. IMF Working Paper, 9-20.
  • Griliches, Z. (1990). Patent statistics as economic indicators: A survey. Journal of Economic Literature, 28(4), 1661-1663.
  • Gulzar, S., Feng, H. X., & Yajie, W. (2007). The current account balance of Pakistan 1972-2005: A cointegration analysis. Information Technology Journal, 6(5), 664-671.
  • Handoyo, R. D., Erlando, A., & Astutik, N. T. (2020). Analysis of twin deficits hypothesis in Indonesia and its impact on financial crisis. Heliyon, 6(1), e03248.
  • Jawaid, S. T., & Raza, S. A. (2012). Dynamics of current account deficit: A lesson from Pakistan. Transition Studies Review , 19(3), 357-366.
  • Le, H. Q. (2008, ). The theroies of trade, fdi and technology transfer: A survey. DEPOCEN Working Paper. Lesher, M., & Miroudot, S. (2008). FDI spillovers and their interrelationships with trade. OECD Trade Policy Papers, (80), 18.
  • Little, D. (2021). Marx's thinking about technology. https://understandingsociety.blogspot.com/2013/07/marxs-thinking-about-technology.html adresinden alındı
  • Magda, K., & Joshua, G. (2015). The impact of cyclical factors on the U.S. balance of payments. International Journal of Business, Economics and Law, 6(3), 28-33.
  • McCarthy, D., C. Spital, F., & Lauenstein, M. (1987). Managing growth at high-technology companies: A view from the top. The Academy of Management Executive, 1(4), 313-323.
  • Parisi, M. L., Schiantarelli, F., & Sembenelli, A. (2005). Productivity, innovation and r&d: evidence for Italy. European Economic Review, 50(8), 2038-2058.
  • Pasinetti, L. (1993). Structural economic dynamics. Cambridge: Cambridge University Press.
  • Paya, M. (2007). Para teorisi ve para politikası. İstanbul: Filiz Kitabevi.
  • Pfarrer, M., & Smith, K. (2015). Creative destruction. Wiley Encyclopedia of Management.
  • Pınar, A., & Erdal, B. (2013). Para-banka-kredi ve para politikası. Ankara: Turhan Kitabevi.
  • Schatzberg, E. (2018). Technology: critical history of a concept. Chicago: The University of Chicago Press.
  • Seyidoğlu, H. (2003). Uluslararası iktisat teori politika ve uygulama. İstanbul: Güzem Can Yayınları.
  • Smith, A. (tarih yok). The wealth of nations. 17-25.
  • TÜSİAD. (2008). Türkiye sanayiine sektörel bakış.
  • Uygur, E. (2012). Türkiye'de cari açık tartışması. Türkiye Ekonomi Kurumu Tartışma Metni, 9.
  • Ünal, E. (2020), 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(1), 175-203.
  • Ünal, E, (2020), Import dependency on intermediate goods in Turkey: An input-output analysis, Verimlilik Dergisi, 4, 205-219.
  • Viardot, E. (2004). Succesful marketing strategy for high-tech firms. Norwood: Artech House.
  • Vieira, F. V., & McDonald, R. (2020). The role of exchange rate for current account: a panel data analysis. Economia, 57(72), 68.
  • Vitasek, K. (2011). Robert solow: Innovation, technology - and math- make all the difference. https://futureofsourcing.com/robert-solow-innovation-technology-math-make-difference adresinden alındı

TÜRKİYE EKONOMİSİNDE YÜKSEK TEKNOLOJİLİ ÜRÜN İTHALATI İLE CARİ AÇIK ARASINDAKİ İLİŞKİNİN ANALİZİ

Yıl 2023, , 1 - 13, 10.07.2023
https://doi.org/10.31671/doujournal.1160722

Öz

Bu çalışmanın amacı Türkiye ekonomisinin yüksek teknolojili ürün ithalatı ve bu ticaret sonucunda cari dengesinin nasıl etkilendiğini nedensellik analizi çerçevesinde açıklamaktır. Bir ülkenin cari işlemler dengesini etkileyen en önemli unsurlardan birisi ithalat kalemidir. Gerçekleştirilen ithalat karşılığında ülkenin elde etmiş olduğu ihracat gelirlerinin daha düşük olması sonucunda cari denge olumsuz etkilenmektedir. Ülkenin gerçekleştirdiği üretim süreci içerisinde en fazla getiriyi sağlayan unsur ise yüksek teknolojili ürün üretimi olmaktadır. Kimi ülkeler yüksek teknolojili ürün üretiminde üst sıralarda iken kimileri ise ithalatçı konumdadır. Yüksek teknolojili ürün ithalatçısı konumunda olan ülkelerin genellikle cari açık sorunları bulunmaktadır. Ancak bütün ülkeler üretim yapılarını yüksek teknolojili ürün üretmeye yönelik inşa etmeye çalışmaktadır. Bu çalışmada Türkiye ekonomisinde yüksek teknolojili ürün ithalatı ve cari açık arasındaki ilişki Granger Nedensellik Analizi ile test edilmiştir. TCMB'den elde edilen cari açık verileri ve TÜİK'ten elde edilen yüksek teknolojili ürün ithalat düzeyi 2013-2021 arasında aylık olarak kullanılmıştır. Gerçekleştirilen analiz sonucunda yüksek teknolojili ürün ithalatı ile cari açık arasında nedensellik ilişkisi tespit edilememiştir.

Kaynakça

  • Acemoglu, D. (1998). Why do new technologies complement skills? Directed technical change and wage inequality. Forthcoming Quarterly Journal of Economics, 113(4) 1055-1089.
  • Aslan, N. (2013). KPSS ve kurum sınavları için makro iktisat. İstanbul: Marmara Kariyer Akademisi.
  • Banton, C. (2021). Neoclasical growth theory. https://www.investopedia.com/terms/n/neoclassical-growth-theory.asp adresinden alındı
  • Baumol, W. (2002). The free market innovation machine. New Jersey: Princeton University Press.
  • Buscemi, A., & Yallwe, A. H. (2012). Fiscal deficit, national saving and sustainability of economic growth in emerging economies: A dynamic gmm panel data approach. International Journal of Economics and Financial Issues, 2(2), 128.
  • Calderon, C., Chong, A., & Loayza, N. (2002). Determinants of current account deficits in developing countries. Contributions to Macroeconomics, 2(1), 15.
  • Calderón, C., Chong, A., & Zanforlin, L. (2007). Current account deficits in Africa: Stylized facts and basic determinants. Economic Development and Cultural Change, 56(1), 191-209.
  • Çetin, M. (2009). Kaldor büyüme yasasının ampirik analizi: Türkiye ve AB ülkeleri örneği. Afyon Kocatepe Üniversitesi İİBF Dergisi, 11(1), 355-373.
  • Dosi, G., & Nelson, R. (2009). Technical change and industrial dyniamics as evolutionary processes. 8-9. Pisa.
  • Edwards, S. (2001). Does the current account matter? Chiago: University of Chicago Press.
  • Ferrero, A. (2015). House price booms, current account deficits and low ınterest rates. Credit and Banking, 47(1), 261-293.
  • Findlay, R. (1978). Relative backwardness, direct foreign ınvestment, and the transfer of technology: A simple dynamic model. The Quarterly Journal of Economics, 92(1), 1-14.
  • Folgieri, R. (2019). Technology, artificial intelligence and Keynes' utopia: A realized prediction? https://www.researchgate.net/publication/331328435_Technology_Artificial_Intelligence_and_Keynes'_Utopia_A_Realized_Prediction adresinden alındı
  • Forbes, N., & Wield, D. (2000). Managing r&d in technology followers. Research Policy, 29(9) 1095-1109.
  • Franjo, L. (2018). International interest rates, the current account and housing markets. Economic Modelling, 75, 1-13.
  • Freund, C. (2000). Current account adjustment in industrialized countries. International Finance Discussion Papers, 2-17.
  • Furceri, D., & Zdzienicka, A. (2018). Twin deficits in developing economies. IMF Working Paper, 9-20.
  • Griliches, Z. (1990). Patent statistics as economic indicators: A survey. Journal of Economic Literature, 28(4), 1661-1663.
  • Gulzar, S., Feng, H. X., & Yajie, W. (2007). The current account balance of Pakistan 1972-2005: A cointegration analysis. Information Technology Journal, 6(5), 664-671.
  • Handoyo, R. D., Erlando, A., & Astutik, N. T. (2020). Analysis of twin deficits hypothesis in Indonesia and its impact on financial crisis. Heliyon, 6(1), e03248.
  • Jawaid, S. T., & Raza, S. A. (2012). Dynamics of current account deficit: A lesson from Pakistan. Transition Studies Review , 19(3), 357-366.
  • Le, H. Q. (2008, ). The theroies of trade, fdi and technology transfer: A survey. DEPOCEN Working Paper. Lesher, M., & Miroudot, S. (2008). FDI spillovers and their interrelationships with trade. OECD Trade Policy Papers, (80), 18.
  • Little, D. (2021). Marx's thinking about technology. https://understandingsociety.blogspot.com/2013/07/marxs-thinking-about-technology.html adresinden alındı
  • Magda, K., & Joshua, G. (2015). The impact of cyclical factors on the U.S. balance of payments. International Journal of Business, Economics and Law, 6(3), 28-33.
  • McCarthy, D., C. Spital, F., & Lauenstein, M. (1987). Managing growth at high-technology companies: A view from the top. The Academy of Management Executive, 1(4), 313-323.
  • Parisi, M. L., Schiantarelli, F., & Sembenelli, A. (2005). Productivity, innovation and r&d: evidence for Italy. European Economic Review, 50(8), 2038-2058.
  • Pasinetti, L. (1993). Structural economic dynamics. Cambridge: Cambridge University Press.
  • Paya, M. (2007). Para teorisi ve para politikası. İstanbul: Filiz Kitabevi.
  • Pfarrer, M., & Smith, K. (2015). Creative destruction. Wiley Encyclopedia of Management.
  • Pınar, A., & Erdal, B. (2013). Para-banka-kredi ve para politikası. Ankara: Turhan Kitabevi.
  • Schatzberg, E. (2018). Technology: critical history of a concept. Chicago: The University of Chicago Press.
  • Seyidoğlu, H. (2003). Uluslararası iktisat teori politika ve uygulama. İstanbul: Güzem Can Yayınları.
  • Smith, A. (tarih yok). The wealth of nations. 17-25.
  • TÜSİAD. (2008). Türkiye sanayiine sektörel bakış.
  • Uygur, E. (2012). Türkiye'de cari açık tartışması. Türkiye Ekonomi Kurumu Tartışma Metni, 9.
  • Ünal, E. (2020), 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(1), 175-203.
  • Ünal, E, (2020), Import dependency on intermediate goods in Turkey: An input-output analysis, Verimlilik Dergisi, 4, 205-219.
  • Viardot, E. (2004). Succesful marketing strategy for high-tech firms. Norwood: Artech House.
  • Vieira, F. V., & McDonald, R. (2020). The role of exchange rate for current account: a panel data analysis. Economia, 57(72), 68.
  • Vitasek, K. (2011). Robert solow: Innovation, technology - and math- make all the difference. https://futureofsourcing.com/robert-solow-innovation-technology-math-make-difference adresinden alındı
Toplam 40 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Araştırma Makalesi
Yazarlar

Mehmet Burak Karataş

Selman Yılmaz

Yayımlanma Tarihi 10 Temmuz 2023
Gönderilme Tarihi 11 Ağustos 2022
Yayımlandığı Sayı Yıl 2023

Kaynak Göster

APA Karataş, M. B., & Yılmaz, S. (2023). ANALYSIS OF THE RELATIONSHIP BETWEEN HIGH-TECH PRODUCT IMPORTS AND CURRENT ACCOUNT DEFICIT IN THE TURKISH ECONOMY. Doğuş Üniversitesi Dergisi, 24(2), 1-13. https://doi.org/10.31671/doujournal.1160722