EMPIRICAL INVESTIGATION OF TECHNOLOGY-INDUSTRY 4.0 RELATION OF THE EFFECT ON TRADE: AN ANALYSIS ON TURKEY


The concept of Industry 4.0 has an important role in the change and efficiency of the foreign trade structure of developing countries. This term, which is based on technological development, will help countries to have a say in the economic conjuncture. It is necessary to develop high value-added products in order to have a say in the economy and gain commercial superiority. In this context, increasing the importance and spending of countries on technological infrastructure will contribute to the realization of economic development. The term Industry 4.0 has also emerged as a result of the economic order. Providing technological development with innovative policies provides cost advantage to companies in the production process. Products and services with high quality and functional features provide advantages for both consumers and manufacturers. Taking into consideration the environmental factors in production and low energy use rates lead to the production of products with an environmentalist approach. The fourth industrial revolution has an important place in increasing competition between countries and exiting the race for commercial superiority. At the micro level, technological developments need to be realized for consumers who care about and follow the changes in the markets, for producer who want to buy quality products at low prices and those who want to provide cost advantages. In this study where the effects of Industry 4.0 on foreign trade were analyzed, data between 1990 and 2018 were used. In this study, it has been determined that technology and Industry 4.0 will have positive effects on the development of foreign trade structure. There was a positive interaction between the variables used in the study.


Keywords


Industry 4.0, Technology, Trade

Author : Ceren PEHLİVAN -Rabia EFEOĞLU
Number of pages: 1487-1502
DOI: http://dx.doi.org/10.29228/TurkishStudies.30185
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Turkish Studies-Economics,Finance,Politics
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