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The mark-up rates in Turkish private manufacturing industry during trade liberalization

The mark-up rates in Turkish private manufacturing industry during trade liberalization

Onaran, Özlem ORCID: 0000-0002-6345-9922 and Yenturk, Nurhan (2002) The mark-up rates in Turkish private manufacturing industry during trade liberalization. Journal of Income Distribution, 11 (3-4). pp. 21-41. ISSN 1874-6322

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Abstract

The aim of this study is to shed light on the movements of the mark-up rate for the case of Turkey following trade liberalization. For this purpose, first the relationship between labor and non-labor costs that lies behind the movements of the mark-up rates is analyzed, and second, the effect of trade liberalization on mark-up rates is tested. The trade-off between labor and non-labor costs is analyzed based on a model, which assumes that prices are set by a mark-up over average variable costs. The paper also tests the effect of international trade on the mark-up rate and the effect of the exchange rate via its effect on competitiveness and input costs using the panel data for the sub-sectors of private manufacturing industry. The most striking result of this analysis is the absence of any strong link between foreign trade and mark-up rates.

Item Type: Article
Uncontrolled Keywords: mark-up rates, Turkey, trade liberalization,
Subjects: H Social Sciences > HD Industries. Land use. Labor
Faculty / Department / Research Group: Faculty of Business > Department of International Business & Economics
Faculty of Business > Work & Employment Research Unit
Related URLs:
Last Modified: 14 Oct 2016 09:23
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/9495

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