publication . Preprint . 2008

How did the Turkish Industry Respond to Increased Competitive Pressures, 1998-2007?

Gokhan Yilmaz; Rauf Gonenc;
Open Access
  • Published: 01 Jan 2008
Abstract
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 compe...
Subjects
free text keywords: Turkey, trade, competitiveness, clustering in sectors, jel:L1, jel:L6, jel:O5, jel:L16, jel:L25
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