Real wages, profit margins and inflation in Turkish manufacturing under post-liberalization

Asli Gunay, Kivilcim Metin-Ozcan and Erinc Yeldan
Authors registered in the RePEc Author Service: Kivilcim Metin Özcan

Applied Economics, 2005, vol. 37, issue 16, 1899-1905

Abstract: This article reports investigations into the behaviour of gross profit margins (mark-ups) in Turkish manufacturing industries for the post-1980 liberalization period in relation to price inflation, trade liberalization (openness) and real wage costs. Panel data econometrics over 29 subsectors of Turkish manufacturing are used over the period 1980-1996. Results suggest that profit margins are positively and significantly related both to price inflation and real wage costs. However, openness is found to have very little impact on profit margins.

Date: 2005
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DOI: 10.1080/00036840500217903

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