The mark-up rates in Turkish private manufacturing industry during trade liberalization.
Onaran, Ozlem and Yenturk, Nurhan (2002) The mark-up rates in Turkish private manufacturing industry during trade liberalization. Journal of Income Distribution, 11 (3-4) . pp. 21-41. ISSN 0926-6437 [Article]
Abstract
The aim of this study is to shed light on the movements of the mark-up rate for the case of Turkey following trade liberalization. For this purpose, first the relationship between labor and non-labor costs that lies behind the movements of the mark-up rates is analyzed, and second, the effect of trade liberalization on mark-up rates is tested. The trade-off between labor and non-labor costs is analyzed based on a model, which assumes that prices are set by a mark-up over average variable costs. The paper also tests the effect of international trade on the mark-up rate and the effect of the exchange rate via its effect on competitiveness and input costs using the panel data for the sub-sectors of private manufacturing industry. The most striking result of this analysis is the absence of any strong link between foreign trade and mark-up rates.
Item Type: | Article |
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Research Areas: | A. > Business School > Economics |
Item ID: | 6001 |
Depositing User: | Dr Ozlem Onaran |
Date Deposited: | 14 Jun 2010 13:18 |
Last Modified: | 13 Oct 2016 14:20 |
URI: | https://eprints.mdx.ac.uk/id/eprint/6001 |
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