Determinants of Turkish Manufacturing Industry Production in Sub-Sectors: A Panel Data Analysis
AbstractRole of industrial policies is important in the development of a country. For Turkey, manufacturing industry in an important component of GDP and driving force of the growth. This study aims to analize production of Turkish manufacturing industry. With this aim, we use a panel data set of 2005q1-2011q1 period and 78 industrial sectors. We analyse the data using Augmented Mean Group methodology, which is an effective method, taking into consideration cross sectional dependencies and parameter heterogeneities. Regression results show that, sectoral exports and imports, total investment expenditures, sectoral productivity and GDP of trade partners of Turkey affects manufacturing sectors’ production positively, as expected. On the otherhand, appreciation of the real exchange rate harms industrial production. An increase in interest rates also has a dampening effect on industrial production. Regression results also enable us to analyse differing effects of each variable on each of the sectors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Uludag University, Faculty of Economics and Administrative Sciences in its journal Business and Economics Research Journal.
Volume (Year): 5 (2014)
Issue (Month): 1 (January)
Industrial production; sectors; panel data; augmented mean group; exports; imports;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adem Anbar).
If references are entirely missing, you can add them using this form.