Real wages, profit margins and inflation in Turkish manufacturing under post-liberalization

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Date

2005-09-10

Author

Günay, Aslı
Metin-Ozcan, K
Yeldan, E

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This article reports investigations into the behaviour of gross profit margins (mark-ups) in Turkish manufacturing industries for the post-1980 liberalization period in relation to price inflation, trade liberalization (openness) and real wage costs. Panel data econometrics over 29 subsectors of Turkish manufacturing are used over the period 1980-1996. Results suggest that profit margins are positively and significantly related both to price inflation and real wage costs. However, openness is found to have very little impact on profit margins.

Subject Keywords

Economics and Econometrics

URI

https://hdl.handle.net/11511/34353

Journal

APPLIED ECONOMICS

DOI

https://doi.org/10.1080/00036840500217903

Collections

Department of Industrial Design, Article

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Citation Formats

A. Günay, K. Metin-Ozcan, and E. Yeldan, “Real wages, profit margins and inflation in Turkish manufacturing under post-liberalization,” APPLIED ECONOMICS, pp. 1899–1905, 2005, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/34353.