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

Günay, Aslı
Metin-Ozcan, K
Yeldan, E
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.


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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: