The Evolution and Determinants of Profitability in Turkish Manufacturing Industry, 1997-2006
AbstractThe objective of this study is to analyse the response capacity of Turkish manufacturing industry to growing international competition from low-wage countries and to real exchange rate fluctuations. To analyse these competitive pressures and the responses of enterprises, developments in profit margins on exports and domestic sales and their main determinants have been estimated in a range of manufacturing sectors. This analysis reveals the emergence of three clusters in Turkish manufacturing industry : highly competitive, intermediary and declining sectors. The respective profitability performances of these clusters reflect on their growth dynamics: more profitable activities produce, export and create employment more than the others.
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Bibliographic InfoPaper provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its series Working Papers with number 0701.
Date of creation: 2007
Date of revision:
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More information through EDIRC
Turkey; manufacturing industry profitability; profitability measures; profitability determinants; clustering in sectors;
Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
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