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, cilt.38, sa.5, ss.72-103, 2002 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 38 Sayı: 5
- Basım Tarihi: 2002
- Dergi Adı: EMERGING MARKETS FINANCE AND TRADE
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.72-103
- Anahtar Kelimeler: market concentration, markup, openness, Turkish manufacturing, 1990S
- Orta Doğu Teknik Üniversitesi Adresli: Hayır
Özet
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.