Business, Management and Accounting
5 years ago

Turkey's Automotive Industry Faces Threat from New Competitors in Global Markets

Eurasian studies in business and economics
An Investigation of Turkey’s Competitiveness on Different Products Groups in Automotive Sector via Revealed Comparative Advantage Index
Semanur Soyyiğit, Kıymet Yavuzaslan

Paper Summary

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The article investigates Turkey's competitiveness in the automotive sector by analyzing its comparative advantage in motor vehicle production from 1989 to 2016. The researchers used the Revealed Comparative Advantage (RCA) index to assess Turkey's position in global markets. The findings suggest that Turkey faces new competitors in the automotive industry, with Iran and Eastern European countries becoming key players that will impact Turkey's position in the global market in the medium- and long-term.