IDEAS home Printed from https://ideas.repec.org/a/ist/journl/v73y2023i1p307-331.html
   My bibliography  Save this article

Has the Industrial Sector Lost Its Importance? An Examination of Exports and Competitiveness

Author

Listed:
  • Huseyin Karagoz

    (Ä°stanbul, Turkiye)

  • Sefer Sener

    (Istanbul University, Faculty of Economics, Technology and Industrial Economics, Istanbul, Turkiye)

Abstract

This study examines the effects that the industrial sector, whose share in the economies of countries gradually decreasing, and the innovation that has come to the fore under the competitive conditions of today have on exports and competitiveness. The study covers the 2008-2017 period for 35 OECD countries and has preferred data on the value the manufacturing industry adds for the industry sector and data on R&D expenditures in regard to innovation. The results obtained from the applied panel data analysis method show the increase in the manufacturing industry to have positively affected competitiveness and goods exports and the increase in R&D expenditures to have positively affected competitiveness, goods exports, and high technology exports. As a result, the study concludes the manufacturing industry as the most important branch of the industrial sector to have an important role in the development of competitiveness and exports that bring sustainability to economic growth, with innovation-oriented initiatives suchas R&D activities in this sector also significantly increasing this effect.

Suggested Citation

  • Huseyin Karagoz & Sefer Sener, 2023. "Has the Industrial Sector Lost Its Importance? An Examination of Exports and Competitiveness," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-1), pages 307-331, June.
    • Handle: RePEc:ist:journl:v:73:y:2023:i:1:p:307-331
    DOI: 10.26650/ISTJECON2022-1208734
    as

    Download full text from publisher

    File URL: https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/9A3A11CF2A0842EBA7D3634C8ED14E0E
    Download Restriction: no
    File URL: https://iupress.istanbul.edu.tr/en/journal/ije/article/sanayi-sektoru-onemini-yitirdi-mi-ihracat-ve-rekabet-gucu-ekseninde-bir-inceleme#
    Download Restriction: no
    File URL: https://libkey.io/10.26650/ISTJECON2022-1208734?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Paul M. Romer, 1987. "Crazy Explanations for the Productivity Slowdown," NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 163-210, National Bureau of Economic Research, Inc.
    2. López Rodríguez, José & García Rodríguez, Rafael M., 2005. "Technology and export behaviour: A resource-based view approach," International Business Review, Elsevier, vol. 14(5), pages 539-557, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kutuk, Yasin, 2022. "Inequality convergence: A world-systems theory approach," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 150-165.
    2. Gordon Cordina, 2004. "Economic Vulnerability And Economic Growth: Some Results From A Neo-Classical Growth Modelling Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 29(2), pages 21-39, December.
    3. Snir, Avichai & Levy, Daniel, 2010. "Economic Growth in the Potterian Economy," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 211-236.
    4. Richard Harris & John Moffat, 2011. "R&D, Innovation and Exporting," SERC Discussion Papers 0073, Centre for Economic Performance, LSE.
    5. Elmendorf, Douglas W. & Gregory Mankiw, N., 1999. "Government debt," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669, Elsevier.
    6. ?gel de la Fuente, "undated". "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    7. Dale W. Jorgenson, 2007. "Information Technology and the G7 Economies," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 325-350, National Bureau of Economic Research, Inc.
    8. Jonathan Temple, 1995. "Testing the augmented Solow Model," Economics Papers 18 & 106., Economics Group, Nuffield College, University of Oxford.
    9. Jeon, Heesang, 2015. "Knowledge and Contemporary Capitalism in Light of Marx's Value Theory," Thesis Commons g5njk, Center for Open Science.
    10. G Cameron, 1996. "Innovation and Economic Growth," CEP Discussion Papers dp0277, Centre for Economic Performance, LSE.
    11. Libaers, Dirk & Meyer, Martin, 2011. "Highly innovative small technology firms, industrial clusters and firm internationalization," Research Policy, Elsevier, vol. 40(10), pages 1426-1437.
    12. Henrekson, Magnus & Torstensson, Johan & Torstensson, Rasha, 1997. "Growth effects of European integration," European Economic Review, Elsevier, vol. 41(8), pages 1537-1557, August.
    13. Greiner, Alfred & Semmler, Willi, 2001. "Externalities of investment and endogenous growth: theory and time series evidence," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 295-310, September.
    14. Robert J. Gordon, 2004. "Two Centuries of Economic Growth: Europe Chasing the American Frontier," NBER Working Papers 10662, National Bureau of Economic Research, Inc.
    15. Ben-David, Dan & Loewy, Michael B, 1995. "Free Trade and Long-Run Growth," CEPR Discussion Papers 1183, C.E.P.R. Discussion Papers.
    16. Douglas Holtz-Eakin, 1992. "Solow and the States: Capital Accumulation, Productivity and Economic Growth," NBER Working Papers 4144, National Bureau of Economic Research, Inc.
    17. Ayeni, Oluwasegun David & Afolabi, Olarewaju Joseph, 2020. "Tax Revenue, Infrastructural Development and Economic Growth In Nigeria," MPRA Paper 99464, University Library of Munich, Germany, revised 2020.
    18. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
    19. Mayorga, David Andrés Camargo & García, Octavio Cardona & Guzmán, Juan Manuel González, 2020. "Estimación de una función para la producción de compost: el caso europeo," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 58(3), January.
    20. Askenazy, Philippe, 2003. "Minimum wage, exports and growth," European Economic Review, Elsevier, vol. 47(1), pages 147-164, February.

    More about this item

    Keywords

    Industry sector; innovation; competitiveness JEL Classification: L60 ; O14 ; O30;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ist:journl:v:73:y:2023:i:1:p:307-331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ertugrul YASAR (email available below). General contact details of provider: https://edirc.repec.org/data/ifisttr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.