The mark-up rates in Turkish private manufacturing industry during trade liberalization
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Onaran, Özlem 
ORCID: https://orcid.org/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
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 / School / Research Centre / Research Group: | Faculty of Business > Department of International Business & Economics Faculty of Business > Centre for Work and Employment Research (CREW) > Work & Employment Research Unit (WERU) |
| Related URLs: | |
| Last Modified: | 14 Oct 2016 09:23 |
| URI: | http://gala.gre.ac.uk/id/eprint/9495 |
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