A hierarchical clustering based panel data approach: a case study of regional incentives

Fatma Altuntaş

The main objective of this research is to propose a novel approach based on panel data analysis and hierarchical cluster analysis to investigate the determinants of foreign trade deficit and cluster provinces of Turkey. This study has two important contributions into the existing literature. First, the proposed approach uses provinces based panel data. Second, the proposed approach uses structural factors as explanatory variables. The estimates show that the number of patent, trademark, and design granted, the number of incentive documents prepared, fixed investments and employment correspondi ...Daha fazlası