In this study, the key sectors of Turkey are determined using Input-Output (IO) network analysis. Different centrality measures are analyzed and compared. Accordingly, eigenvector, page rank, hub, and authority centralities are calculated. The effects of an economic shock are also analyzed using random walk centrality and counting betweenness. Findings indicate that the key sectors are ?Wholesale and Retail Trade; Repair of Motor Vehicles?, ?Transport, Storage and Communications?, ?Agriculture, Hunting and Forestry?, ?Construction?, ?Real Estate Activities?, and ?Textiles, Textile Products, Leather and Footwear?. Furthermore, the same sectors are determined to be vulnerable to economic shocks.
Import dependency on intermediates is an important problem in the Turkish economy. Therefore it is subject to many empirical studies. These studies mostly depend on Input Output (IO) tables. In this study, we calculated the import requirement ratio (IRR) from the 2018 IO Table for Türkiye. Also, we weighted the IRR values by the value-added percentage of the sectors (IRR-VA) and compare the results with the pure IRR values. It is seen that most of the sector rankings change significantly. According to the pure IRR calculations, the sectors that are most dependent on the imported intermediates are Coke and refined petroleum products, Electrical equipment, Motor vehicles, trailers and semi-trailers, Rubber and plastics products, Chemical and chemical products, and Machinery and equipment, nec. On the other hand, IRR-VA calculations result in Construction, Electrical equipment, Transport, storage and communications, Coke and refined petroleum products, Food products, beverages and tobacco, Textiles, textile products, leather and footwear sectors. This indicates that a careful analysis is needed when it comes how to determine the import dependency.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.