scholarly journals Turkish Economy in 2000s: The productivity changes in manufacturing industry.

2021 ◽  
Author(s):  
Gülşah ÖZŞAHİN ◽  
Zühal ÖZBAY DAŞ
Keyword(s):  
Manufacturing Industry ◽  
Turkish Economy

scholarly journals The intersectoral linkage effects in Turkish economy: an application of static Leontief model

2009 ◽  
Vol 56 (3) ◽  
pp. 301-326
Author(s):  
Yay Gürkan ◽  
Serkan Keçeli
Keyword(s):  
Extraction Method ◽  
Manufacturing Industry ◽  
Value Added ◽  
The Other ◽  
Input Output ◽  
General Equilibrium Theory ◽  
Traditional Methods ◽  
Turkish Economy ◽  
Leontief Model ◽  
Linkage Effects

In this study, the leading activities of Turkish Economy whose changes in their structure of production, value-added and employment are interrelated with the other activities of the economy, are found by using the input-output model which is presented and called as an 'Application of the General Equilibrium Theory' by Leontief. For this purpose; firstly theoretical foundations of the input-output model are examined. After that, 59 activities of the 2002 Input-Output Table of the Turkish Economy are aggregated at 52 sectors and classified into three categories as Ricardo Sectors, High-Technology Sectors and Heckscher-Ohlin Sectors like Dasgupta and Chakraborty did for the Indian Economy in 2005. Then, the leading, key or strong activities of the economy that are more interrelated with other activities are calculated and found by the Static Leontief Model which is used by the Traditional Methods as the techniques to calculate the linkage effects like Chenery-Watanabe and Rasmussen methods to determine the sectors having the highest priority at investment policies according to the Hirschmanian Unbalanced Growth Model. As a result of the interpretation of Leontief Model, using the traditional methods of Chenery-Watanabe and Rasmussen while calculating the linkage effects rather than the hypothesis extraction methods like Strassert's Original Extraction Method, Cella's Extraction Method, Sonis' Pure Linkage Method and Dietzenbacher and Van der Linden's Method or a SAM (Social Accounting Method) model which does not omit the income generating process (distributing income among primary factors and households as a result of production) of a sector, in Turkey, the Heckscher-Ohlin Sectors mostly seen in the manufacturing industry which Kaldor refers as the engine of growth, are stronger than the other sectors.

scholarly journals An Examination of the Relationship between Exports and Wages for Turkey

2013 ◽  
Author(s):  
Gürçem Oransay
Keyword(s):  
Income Distribution ◽  
Foreign Trade ◽  
Trade Liberalization ◽  
Manufacturing Industry ◽  
High Efficiency ◽  
Unit Root Test ◽  
Full Compliance ◽  
Turkish Economy ◽  
Negative Affects ◽  
Cost Competitiveness

In this study the together with increasing foregin trade after trade liberalization, affects of changing income distribution on wages has been discussed. Assuming wages as an issue of income distribution, it continues with foregin trade theories which are related to foreign trade and affect of export on wages in particular. The developments such as effective markets after trade liberalization, high efficiency and removal of barriers in front of international trade increase cost competitiveness and wage levels change. It is still discussed whether foreign trade has positive or negative affects on wages but it can be claimed that differences of opinion vary depending on economical structures and trade volumes of countries. Using a model which has been supplied from both theoretical and practical literature, this research will try to find out affects of export and openness on wages using unit root test, cointegration techniques and error correction mechanism on Turkish economy during the period of 1988:Q1-2010:Q4. Affects of both export and openness on wages has been studied seperately for sub sectors of Turkish Manufacturing Industry. Although there is not a full compliance in all sectors which are studied in all models within periods examined, it has been found out that export and openness create a negative affect on wages.

scholarly journals The Concentration-Profitability Relationship in Turkish Industry

2015 ◽  
Vol 3 (1) ◽  
pp. 172
Author(s):  
Meral Ozhan
Keyword(s):  
Concentration Ratio ◽  
Manufacturing Industry ◽  
Dominant Role ◽  
Current Data ◽  
Industrial Concentration ◽  
Data Set ◽  
Industrial Firms ◽  
Turkish Economy ◽  
Traditional Structure ◽  
One Step

The concept of industrial concentration refers to the control of a given industry by a small number of leading firms which are exclusively engaged in that industry. In economic theory concentration is an important concept to understand a departure away from competitive market structure which is accepted as a reference point for efficiency. Using the traditional structure-conduct-performance (SCP) paradigm many researchers found that the higher the level of concentration is the higher the level of profitability. In an earlier study I attempted to determine the level of concentration in the Turkish manufacturing industry for 84 sectors. In addition, I conducted a multiple regression analysis in various forms to identify the determinants of concentration and its effects on profitability. In most regression results, the relation between concentration and profitability was found positive and statistically significant. The present paper takes one step further and summarizes two new dimensions of industrial concentration. The first is to understand the current level of concentration for the Turkish manufacturing industry using a larger set of data. The new data set obtained from the TurkStat provides some basic statistics over the period 2009-2012 for 224 four-digit manufacturing industries. A brief analysis of the current data shows a slightly declining trend in the overall concentration ratio. CR4 (four-firm concentration ratio) fell from 51 to 49, CR8 (8-frim concentration ratio) fell from 61 to 60, and HHI (or H for short, Herfindahl-Hirschman index) dropped from 0. 173 (or from 1730) to 0. 153 (or to 1530). However a much bigger drop is observed for a longer period in the data coming from the top 500 industrial firms of ICC (Istanbul Chamber of Commerce). The latter data show a sharp fall in CR8 from 32 percent to 24 percent. These results together reflect a falling tendency in the dominant role of large firms in the Turkish economy which is a sign of increased level of competitive environment.

An Analysis of Potential Economic Benefits of Turkey's Full EU Membership

2015 ◽  
pp. 88-97
Author(s):  
Hakan Ay ◽  
Eren Alper Yilmaz
Keyword(s):  
Manufacturing Industry ◽  
Economic Benefits ◽  
Economic Liberalization ◽  
Trade Relations ◽  
Eu Membership ◽  
Turkish Economy ◽  
Market Factors ◽  
Liberalization Policy ◽  
Low Rate ◽  
The Eu

Even though Turkey has become the sixth largest economy in Europe, there are still hesitations and economic problems for the EU due to Turkey's rising population, low rate of GDP, budget deficit, migration, etc. In recent political history—before 2000s—Turkey failed in its economic liberalization policy. However, the country has seen a significant increase in the economy by developing a market economy and privatizations successfully in the last decade. There is no doubt that Europe would profit from the accession of Turkey to the EU in terms of internal market factors, agriculture, manufacturing industry, trade relations, tourism, and so on. For this reason, instead of looking for faults within the Turkish economy, the EU should try to see positive developments in the Turkish economic system and it should follow a policy that could overcome ongoing problems by mutual negotiations with Turkey. Approval of Turkey's membership to the EU would bring serious economic profits to Europe.

scholarly journals The Effects of the 2008 Financial Crisis on the Financial Performance of Turkish Manufacturing Companies

2016 ◽  
Author(s):  
Reşat Karcıoğlu ◽  
Ensar Ağırman ◽  
Durmuş Yıldırım
Keyword(s):  
Financial Crisis ◽  
Financial Performance ◽  
Manufacturing Industry ◽  
Global Financial Crisis ◽  
The United States ◽  
Economic Downturn ◽  
Manufacturing Companies ◽  
2008 Financial Crisis ◽  
Turkish Economy ◽  
The Impact

The financial crisis of 2007-2010 also known as the Global Financial Crisis and 2008 financial crisis, was considered by many economists to be the worst financial crisis since the Great Depression of the 1930’s. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity. The financial crisis of 2007/08 which began in the United States had little impact on Turkish economy in the beginning stages. However, as a result of the economic downturn in global economics, Turkish economy has been also affected by its domino effect. The aim of this study is to characterize the impact of the 2008 global financial crisis on the financial performance of manufacturing companies listed on Borsa Istanbul, Turkey. Financial analysis will be conducted on 192 publicly listed manufacturing companies. Twelve financial ratios will be examined to determine the profitability, liquidity, activity, leverage and solvency of these companies over the period between 2006 and 2010. A data envelopment analysis will be applied to measure the performance of manufacturing firms before and after the financial crisis of 2008. Findings of this paper may be used by the managements to mitigate the effects and to enhance future performance of these companies have been uncovered. The analysis and observations will be invaluable to researchers intending to study how the manufacturing industry responds to a future slump in demand.

scholarly journals Relations between Foreign Direct Investments and Intermediate and Capital Goods: Toda-Yamamoto Causality Analyses on Turkish Economy (2005 M1-2016 M12

2017 ◽  
Author(s):  
Mustafa Kemal Değer ◽  
Muharrem Akın Doğanay
Keyword(s):  
Distribution System ◽  
Manufacturing Industry ◽  
Foreign Direct Investments ◽  
Causality Analysis ◽  
Capital Goods ◽  
Monthly Data ◽  
Turkish Economy ◽  
The Republic ◽  
Republic Of Turkey

The aim of this study is to empirically test the relations between the FDI in Turkey's manufacturing industry and the imports of intermediate and capital goods. Monthly data for the period 2005-2016 belonging to the variables used in the study were obtained from the "Electronic Data Distribution System" of the Central Bank of the Republic of Turkey. In the determination of the period of the study, the presence of monthly data and the increase trend of the FDI coming to Turkey after 2005 have been influential. Relations between variables in the study were tried to be determined by Toda-Yamamoto causality analysis. According to the empirical findings obtained in the study, one-way and statistically significant causal relations from FDI made in manufacturing industry to both capital goods imports and intermediate imports have been determined. However, from these relations, towards to intermediate imports is much more robust in terms of statistics. Therefore, these findings obtained from the study shows that FDI on Turkey's manufacturing industry are an important determinant of capital goods, and especially intermediate goods imports.

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