How did the Turkish Industry Respond to Increased Competitive Pressures, 1998-2007?
This study examines how Turkish manufacturing industry responded to increased competitive pressures that it has faced over the past decade. Pressures arose both from growing trade competition from low-cost countries which have similar trade specialisation patterns to Turkey’s, and from strong trend real currency appreciation that Turkey has experienced during this period. In response, Turkish manufacturers increased their productivity, differentiated products, moderated wage growth and drew on declining capital and imported input costs. The study provides a detailed statistical analysis of these avenues of response, and the contribution they brought to the competitive margins of the manufacturing industry. It shows that while the structurally strong sectors of the economy made successful use of these avenues, the less sophisticated and lower-technology activities using low-skilled labour and low-price local inputs could not fully cope, and lost ground. The latter sectors’ still large weight in total manufacturing output and employment makes their adjustment a persisting challenge for the Turkish economy.
|Date of creation:||2008|
|Contact details of provider:|| Postal: Head Office, Istiklal Cad. 10 Ulus, 06100 Ankara|
Phone: (90 312) 507 5000
Fax: (90 312) 507 5640
Web page: http://www.tcmb.gov.tr
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Karine Lepron & Paul Schreyer, 1998. "Relative Trade-Weighted Unit Labour Costs by Industry," OECD Science, Technology and Industry Working Papers 1998/1, OECD Publishing.
- Ashoka Mody & Deniz O Igan & Stefania Fabrizio, 2007. "The Dynamics of Product Quality and International Competitiveness," IMF Working Papers 07/97, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:tcb:wpaper:0804. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ozlem Ekmekciler Ramalho Rocha)or (Ilker Cakar)
If references are entirely missing, you can add them using this form.