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 University Library of Munich, Germany in its series MPRA Paper with number 381.
Date of creation: 30 Apr 2003
Date of revision:
import-competition; market structure; customs union; Turkish manufacturing industry;
Other versions of this item:
- Refik Erzan & Alpay Filiztekin & Unal Zenginobuz, 2007. "Customs Union with EU and the Impact of Foreign Competition on the Structure and Performance of Turkish Manufacturing Industry," Working Papers 2007/14, Bogazici University, Department of Economics.
- 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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