Measuring The Competitiveness of Türkiye's Industries Against The European Union According to the Technology Intensity: An Evaluation within the Framework of the Customs Union Revision
EGE ACADEMIC REVIEW, vol.24, no.2, 2024 (ESCI, TRDizin)
- Publication Type: Article / Article
- Volume: 24 Issue: 2
- Publication Date: 2024
- Doi Number: 10.21121/eab.1380681
- Journal Name: EGE ACADEMIC REVIEW
- Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
- Keywords: European Union, Customs Union, Competition Power, Balassa Index, Normalized Revealed Comparative Advantage
- Dokuz Eylül University Affiliated: Yes
Abstract
Identifying the industries with competitive power and knowing their places in the world market regarding proper policy implementations is essential. This paper aims to determine the normalized competition levels of T & uuml;rkiye against the European Union (EU) countries in the context of industries with different technology intensities and to evaluate these industries within the scope of the planned Customs Union (CU) revision. For this purpose, firstly, the static comparison of Ballassa's Revealed Comparative Advantage (BRCA) index is calculated for 1990-2021. After, the dynamic comparison of Normalized Revealed Comparative Advantage (NRCA) index is calculated for 1990-2021. Analysis was made by considering the temporal comparison variation of NRCA. According to the research findings, the CU adversely affects competitiveness in low and medium-low technology sectors where T & uuml;rkiye is competitive. The results show the importance and necessity of the CU revision.