COMPARISON OF TURKISH CHEMICAL INDUSTRY WITH BRIC COUNTRIES ON THE BASIS OF REVEALED COMPARATIVE ADVANTAGES

Authors : Elife Akiş, Murat Çetin

Pages : 40-59

View : 21 | Download : 8

Publication Date : 2016-04-29

Article Type : Research

Abstract :The chemical industry provides input for all of investments and industries of consumables within a wide spectrum from automotive to textile, communication technology to manufacture of machines, iron and steel to packing, and produces very important raw materials, intermediate products and consumables globally for both individual end-users and for other industries. Within this context, countries that seek to enhance their international competitiveness have to develop their chemical industries. This study aims to calculate and analyse the Balassa’s Revealed Comparative Advantages (RCA) by making use of figures concerning imports of chemicals and certain products under Section 5 consisting of 9 divisions in two digits on the basis of STIC (Standard International Trade Classification) Rev. 4 for the period of 2007-2014 for the comparison of the competitiveness of chemical industries of Turkey with the BRIC (Brazil, Russia, India and China) countries’ in the world. Based on findings, RCA index values of chemical industries of India, Russia and China and Turkey are higher than 1 where India’s chemical industry is reviewed under three divisions; Russian and China, each, under two divisions, and Turkey under three divisions of the section 5; and RCA index value of the Chemical Industry of Brazil is calculated as less than 1 for all divisions.
Keywords : Competitiveness, Revealed Comparative Advantage Index, Turkish Chemical Industry, BRIC Countries Chemical Industry