The impact of the liberalization program on the price-cost margin and investment of Turkey's manufacturing sector after 1980

Metin-Ozcan, K
Voyvoda, Ebru
In this paper we investigate the structural consequences of the post-1980 outward-orientation on the market concentration and accumulation patterns in the Turkish manufacturing industries. Using various panel data procedures over twenty-nine subsectors of Turkish manufacturing for the 1980-1996 period, we focus on three sets of issues: (1) the effect of openness on the extent of market concentration as measured in CR4 ratios; (2) the behavior of gross profit margins (markups) in relation to openness, concentration ratios, and real wage costs; and (3) the behavior of sectoral real investments (by destination) in relation to the profit margins, real wage costs, and the openness indicator.


Patterns of Productivity Growth and the Wage Cycle in Turkish Manufacturing
Voyvoda, Ebru (2001-10-01)
In this paper we investigate the distributional consequences of the post-1980 accumulation patterns and technological change in the Turkish manufacturing industries. We utilise two quantitative techniques. First, we make use of the Hodrick±Prescott filter to disintegrate the cyclical variations in productivity growth and wage rates from their respective historical trends, and study the evolution of the wage cycle against the long term productivity patterns in the sector. Next, we decompose the fundamental c...
The Impact of technology level and structural change of exports on the dynamics of international competitiveness : a sctoral disaggregated analysis of Turkish manufacturing sector
Şahan, Fatih; Pamukcu, Mehmet Teoman; Department of Economics (2012)
The major aim of this thesis is to analyze the impact of structural change of exports and technology level on the international competitiveness. In order to analyze international competitiveness, export market shares are used. The empirical analysis suggested in this thesis includes two steps. In the first step, constant market share analysis is conducted to understand the causes of changes in export market shares from one period to another and in the second step a difference generalized method of moments m...
The export performance of the Turkish manufacturing industries with respect to selected countries
Tatarer, Özge; Erlat, Güzin; Department of Economics (2004)
The objective of this paper is to analyze the export performance of Turkish manufacturing industries in the East-Asian countries between the years 1992-2002. SITC (Rev.3), three digit data were used in calculations and three methodologies were applied in order to discover promising sectors of the Turkish exports. Constant Market Share Analysis was used to explain the causes of the change in the market shares of the exports of Turkey from one period to another. Revealed comparative advantage indices were cal...
The Financial and Operating Performance of Privatized Companies in the Turkish Cement Industry
MÜSLÜMOV, Alövsat (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2005-6)
This paper examines the post-privatization performance of privatized companies in the Turkish cement industry. The findings indicate that, when performance criteria for both the state and private enterprises are considered, privatization in the cement industry results in significant performance deterioration. Total value added and the return on investment declines significantly after privatization. This decrease mainly stems from deterioration in asset productivity. The decline in asset productivity, howeve...
The relationship between energy and production: Evidence from Turkish manufacturing industry
Soytaş, Uğur; Sarı, Ramazan (2007-11-01)
This paper investigates the relationship between energy and production at the industry level in an emerging market, Turkey, in a multivariate framework. The electricity consumption and value added relation is examined in the Turkish manufacturing industry, while also accounting for labor and fixed investment. We find that labor, fixed investment, electricity consumption, and value added are related via three cointegrating vectors. The VEC results indicate uni-directional causality running from electricity c...
Citation Formats
K. Metin-Ozcan, E. Voyvoda, and A. E. YELDAN, “The impact of the liberalization program on the price-cost margin and investment of Turkey’s manufacturing sector after 1980,” EMERGING MARKETS FINANCE AND TRADE, pp. 72–103, 2002, Accessed: 00, 2020. [Online]. Available: