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


Metin-Ozcan K., VOYVODA E. , YELDAN A. E.

EMERGING MARKETS FINANCE AND TRADE, cilt.38, ss.72-103, 2002 (SSCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 38 Konu: 5
  • Basım Tarihi: 2002
  • Dergi Adı: EMERGING MARKETS FINANCE AND TRADE
  • Sayfa Sayıları: ss.72-103

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.