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Modeling Firm Population Dynamics: An Application to the Turkish Manufacturing Industry for the 1950¡V2000 Period

Ugur Soytas

International Journal of Business and Economics, 2009, vol. 8, issue 3, 213-223

Abstract: This paper examines the population dynamics of Turkish manufacturing firms using annual data on the aggregate industry over the period 1950-2000. Among the four models considered, the density dependence model seems to provide the best fit. This model is extended for further examination. One interesting finding is that business cycles do not play a role in determining changes in firm numbers in the industry. The number of firms is negatively influenced by average number of employees; however, it does not appear to depend on average payments to employees. Energy intensity also does not seem to influence the population size dynamics.

Keywords: industry population dynamics; time series; manufacturing (search for similar items in EconPapers)
JEL-codes: L1 L6 (search for similar items in EconPapers)
Date: 2009
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International Journal of Business and Economics is currently edited by Hsiang-Tsai Chiang (Editor-in-Chief), Chiung-Ju Huang (Editor-in-Chief), Feng-Jyh Lin (Associate Editor), Tzu-Ching Weng (Associate Editor), Hsin-Yi Huang (Managing Editor) and Szu-Hsien Ho (Managing Editor)

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