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

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Author Info

  • Asli Gunay
  • Kivilcim Metin-Ozcan
  • Erinc Yeldan

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.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840500217903
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 37 (2005)
Issue (Month): 16 ()
Pages: 1899-1905

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Handle: RePEc:taf:applec:v:37:y:2005:i:16:p:1899-1905

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References

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Cited by:
  1. Saten Kumar & Don J. Webber & Geoff Perry, 2009. "Real wages, inflation and labour productivity in Australia," Working Papers 0921, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.

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