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Türk İmalat Endüstrilerinde Yoğunlaşma Oranlarının Belirleyenleri: Bir Dinamik Panel Veri Analizi

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  • Burak GÜNALP

Abstract

This study investigates the determinants of concentration using data on 66 fourdigit Turkish manufacturing industries for the period 1993–1999. We form and estimate a long-run steady-state model of concentration as well as a dynamic model involving the partial adjustment of concentration to its long-run steady-state level. The results show that minimum efficient scale, absolute capital requirements, R&D intensity, lagged profitability, import competition and lagged concentration are the most important variables affecting concentration. The estimated annual speed of adjustment suggests that Turkish economy experiences faster adjustment in market structure than the mature economies of Europe and the U.S.

Suggested Citation

  • Burak GÜNALP, 2011. "Türk İmalat Endüstrilerinde Yoğunlaşma Oranlarının Belirleyenleri: Bir Dinamik Panel Veri Analizi," Sosyoekonomi Journal, Sosyoekonomi Society, issue 14(14).
    • Handle: RePEc:sos:sosjrn:110102
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    Keywords

    Industry Concentration; Market Structure; Barriers to Entry; Dynamic Adjustment.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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