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The micro evolution of trade and turnover in Turkey under the global crisis

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  • Alessia LO TURCO

    ()
    (Universit… Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali)

  • Daniela MAGGIONI

    ()
    (Universit… Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali)

Abstract

We provide evidence on the effects of the recent financial and economic crisis on the Turkish manufacturing. We first decompose aggregate sales, exports and imports, dissecting the contribution of the extensive and intensive margins at the firmand firm-product level. Secondly, we investigate the determinants of both margins, inspecting the role of firm and product heterogeneity in the onset of the crisis, andwe support the demand shock explanation of the crisis. Our findings point at the prevalence of the intensive margin in the negative 2009 evolution of overall and exported sales. On the contrary, the drop in imports, which represents the most dramatic one, is importantly driven by the net exit of large and exporting firms and by the net dropping of products. More productive firms lead the slump in export sales and, among the products, capital and intermediate goods experience the sharpest demand decline. Also, importing favours exporting especially during the crisis. Finally, a stronger resilience emerges for exporters of own products compared to carry-along-trade exporters.

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Bibliographic Info

Paper provided by Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali in its series Working Papers with number 376.

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Length: 34
Date of creation: Jun 2012
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Handle: RePEc:anc:wpaper:376

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Keywords: Turkey; crisis; exports; imports; turnover;

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Cited by:
  1. Alessia LO TURCO & Daniela MAGGIONI, 2012. "Imports, exports and the firm product scope: evidence from Turkey," Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali 384, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  2. Eralba CELA & Tineke FOKKEMA & Elena AMBROSETTI, 2012. "Links Between Transnationalism Integration and Duration of Residence: The Case of eastern European Migrants in Italy," Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali 386, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  3. Ruggero GRILLI & Gabriele TEDESCHI & Mauro GALLEGATI, 2012. "Markets connectivity and financial contagion," Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali 382, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  4. Cebeci, Tolga & Fernandes, Ana M., 2013. "Micro dynamics of Turkey's export boom in the 2000s," Policy Research Working Paper Series 6452, The World Bank.

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