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

Date

2002-09-01

Author

Metin-Ozcan, K
Voyvoda, Ebru
YELDAN, ALP ERİNÇ

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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.

Subject Keywords

Market concentration, Markup, Openness, Turkish manufacturing

URI

https://hdl.handle.net/11511/54281

Journal

EMERGING MARKETS FINANCE AND TRADE

Collections

Department of Economics, Article

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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: https://hdl.handle.net/11511/54281.