Customs Union with EU and the Impact of Foreign Competition on the Structure and Performance of Turkish Manufacturing Industry
AbstractUsing industry level panel data, we study how increasing openness to international markets, including the customs union with EU, have affected the structure and performance of Turkish manufacturing industries over the 1980-1999 period, with special emphasis on the market disciplining role of imports. We find that changes import penetration did not reduce (output-) concentration in concentrated industries, while for the less concentrated industries it had a mildly significant negative impact. It was also observed that changes in import penetration had a significant positive, rather than negative, effect on price-cost margins (PCM) with a one-year lag in high PCM industries; while for the low PCM industries current changes in import penetration had again a significant positive impact on profit margins. Thus, imports do not seem to provide discipline for either the low or high PCM industries.
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Bibliographic InfoPaper provided by Bogazici University, Department of Economics in its series Working Papers with number 2007/14.
Date of creation: 2007
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Other versions of this item:
- Erzan, Refik & Filiztekin, Alpay & Zenginobuz, Unal, 2003. "Customs Union with EU and the Impact of Foreign Competition on the Structure and Performance of Turkish Manufacturing Industry," MPRA Paper 381, University Library of Munich, Germany.
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
- L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
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