Araştırma Makalesi
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Relationship Between Efficiency and Export: A Study on Firms Quoted on The Istanbul Stock Exchange (2008-2016)

Yıl 2018, Cilt: 11 Sayı: 1, 65 - 77, 11.02.2018
https://doi.org/10.25287/ohuiibf.338750

Öz

The relationship between firm level
productivity and exports was examined by taking into consideration the data for
the period of 2008-2016 of 98 firms quoted on the Istanbul Stock Exchange. In
accordance with the theorem, it was researched whether the firms’ exports
affect the change in the productivity. In the model formed for this purpose,
the labor productivity was used as the dependent variable, whereas the export
was used as the explanatory variable. Fixed effects panel data method was used
in this study. According to the results obtained, export affects positively the
change in productivity of firms. Apart from export affecting productivity in
the research,
firm
size as a control variable and crisis dummy was used to represent environmental
factors
. The change in the export level and the productivity
was also tested. 

Kaynakça

  • ARVAS, M.A. & UYAR, B. (2014). Exports and Firm Productivity in Turkish Manufacturing: An Olley-Pakes Estimation, International Journal of Economics and Financial Issues, Vol. 4, No. 2, ISSN: 2146-4138, pp.243-257.
  • ATA, H.A. & AĞ, Y. (2010). Firma Karakteristiğinin Sermaye yapısı Üzerindeki Etkisinin Analizi, Ekonometri ve İstatistik, S:11, ss.45-60)
  • AYADI, M. & MATOUSSI, W. (2014). From Productivity to Exporting or Vice Versa? Evidence from Tunisian Manufacturing Sector, African Development Bank Group Working Paper, No. 214, pp.1-45.
  • BAĞCI, K. (2010). Export Diversification and Productivity Growth. Retrieved September 12, 2017 (de indirildi) from the World Wide Web: http://www.etsg.org/ETSG2010/papers/Bagci.pdf
  • BELLONE, F. & Diğerleri (2007). The U-shaped Productivity Dynamics of French Exporters OFCE Sciences, No:2007-01, pp.1-42.
  • BERTHOU, A. & Diğerleri (2015). Assessing European firms’ exports and productivity distributions: the CompNet trade Modül, European central Bank ECB Working Paper, No: 1788, pp.1-58.
  • CLERIDES, S. & Diğerleri (1998). Is Learning by Exporting Important? Micro-dynamic evidence from Columbia, Mexico and Morocco, Quarterly Journal of Economics, 113(3), pp.903-948.
  • EDWARDS, S. (1993). Openness, Trade Liberalization, and Growth in Developing Countries, Journal of Economic Literature, 31, pp.1358-96.
  • FRYGES, H. & WAGNER, J. (2007). Exports and Productivity Growth: First Evidence from a Continuous Treatment Approach, IZA Discussion Paper, No. 2782, pp.1-23.
  • GHARTEY, E. E. (1993). Causal Relationship Between Exports and Economic Growth: Some Empirical Evidence in Taiwan, Japan, and the US, Applied Economics, 25(8):, pp.1145-1152.
  • GILES, J. A. & WILLIAMS, C.L. (2000). Export-Led Growth: A Survey of the Empirical Literature and Some Non-Causality Results (Part I), Journal of International Trade and Economic Development, 9:3. pp.261-337.
  • GREENE, W. H. (2002). Econometric Analysis, 5th Edition, Prentice Hall, New Jersey, USA.
  • HANSEN, T. (2010). Exports and Productivity: An Empirical Analysis of German and Austrian Firm-Level Performance, Governance and The Efficiency of Economic Systems (GESY) Discussion Paper, No. 317, pp.1-46.
  • HOLMES, T.J. & SCHMITZ, J.A. (2001). A Gain from Trade: From Unproductive to Productive Entrepreneurship, Journal of Monetary Economics, 47(2), pp. 417-446.
  • IFWARSSON, R. (2010). Export, Import, Productivity and Growth: A Theoretical And Empirical Study of An Endogenous Relationship, Master Thesis, Lund University Department of Economics.
  • Kamuoyu Aydınlatma Platformu. Retrieved Jully 7, 2017 (de indirildi) from the World Wide Web: https://www.kap.org.tr/tr/
  • KASAHARA, H. & LAPHAM, B. (2012). Productivity and the Decision to Import and Export: Theory and Evidence. Retrieved August 25, 2017 (de indirildi) from the World Wide Web: http://www.freit.org/WorkingPapers/Papers/FirmLevelTrade/FREIT009.pdf
  • KELLER, W. (2000). Do Trade Patterns and Technology Flows Affect Productivity Growth?, The World Bank Economic Review, 14(1):17-47
  • KIM, S., LIM, H., & PARK, D. (2007). The Effect of Imports and Exports on Total Factor Productivity in Korea RIETI Discussion Paper Series, 07-E -022, pp.1-41 . KÖK, R. & ŞİMŞEK, N. (2011). Panel Veri Analizi, http://www.deu.edu.tr/userweb/recep.kok/dosyalar/panel2.pdf erişim: 5.04.2011.
  • KUNST, R. M. & MARIN, D. (1989). On Exports and Productivity: A Causal Analysis, The Review of Economics and Statistics, 71(4), pp.699-703.
  • LEE, C. (2014). The Exporting and Productivity Nexus: Does Firm Size Matter, Institute of Southeast Asian Studies ISEAS Economics Working Paper, No.2014-1, pp.1-26.
  • MELITZ, M.J. (2003). The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivit, Econometrica, 71(6), pp.1695-1725.
  • MINONDO, A. (2014). The relationship between export status and productivity in services: A firm-level analysis for Spain, Bulletin of Economic Research, Volume 66, Issue S1, Pages pp.138-146 MOOSA, I. A. (1999). Is The Export-led Growth Hypothesis Valid For Australia?, Applied Economics, Vol.31. pp. 903–906.
  • MUKIM, M. (2011). Does exporting increase productivity? Evidence from India, Retrieved August 23, 2017 (de indirildi) from the World Wide Web: http://siteresources.worldbank.org/INTRANETTRADE/Resources/Internal-Training/287823-1256848879189/6526508-1283456658475/mukim.pdf
  • PANAS, E. & VAMVOUKAS, G. (2002). Further Evidence on the Export – Led Growth Hypothesis, Applied Economics Letters, Vol.9, pp.731-5.
  • PARK, A. & Diğerleri (2006). Exporting and Firm Performance:Chinese Exporters and the Asian Financial Crisis, Research Seminar In International Economics, Gerald R. Ford School of Public Policy The University of Michigan, Discussion Paper No. 549, pp.1-47.
  • PELUFFO, A. (2012). The Effects of Exports and Imported Intermediates on Productivity and the Demand for Skilled Labour: A Firm Level Analysis for Uruguay, pp.1-24. Retrieved September 8, 2017 (de indirildi) from the World Wide Web: http://www.freit.org/WorkingPapers/Papers/FirmLevelTrade/FREIT464.pdf
  • SAYGILI, Ş. & Diğerleri (2005). Türkiye Ekonomisinde Sermaye Birikimi, Verimlilik ve Büyüme:1972-2003, DPT Yay, No:2286, Ankara.
  • SJOHOLM, F. (1997). Exports, Imports and Productivity: Results from Indonesian Establishment Data, EIJS Working Paper, No. 33, pp.1-33.
  • SUN, H. & PARIKH, A. (2001). Exports, Inward Foreign Direct Investment (FDI) and Regional Economic Growth in China, Regional Studies, Vol. 35(3), pp. 187–196.
  • WAGNER, J. (2005). Exports and Productivity: A Survey of The Evidence From Firm Level Data, HWWA Discussion Paper, No:319, pp.1-27.
  • WONG, S. A. (2006). Productivity And Trade Openness: Micro-Level Evidence From Manufacturing Industries In Ecuador 1997– 2003, Working Papers, pp.1-43. Retrieved September 6, 2017 (de indirildi) from the World Wide Web: https://www.caf.com/media/3135/SaraWong,Productivityandtradeopenness.pdf
  • YANG, C.H. (2003). Exporting And Productivity: A Firm-Level Analysis Of The Taiwan Electronics Industry, The .eveloping Economies, XLI-3, pp. 340–61.

Verimlilik ve İhracat İlişkisi: Borsa İstanbul’da İşlem Gören Firmalar Üzerine Bir Araştırma (2008-2016)

Yıl 2018, Cilt: 11 Sayı: 1, 65 - 77, 11.02.2018
https://doi.org/10.25287/ohuiibf.338750

Öz

Firma düzeyinde verimlilik ile ihracat
arasındaki ilişki, borsa İstanbul’da faaliyet gösteren 98 firmanın 2008-2016
dönemi verileri ele alınarak incelenmiştir. Teoriye uygun olarak firmanın
ihracat yapıp yapmamasının verimlilikteki değişmeyi etkileyip etkilemediği
araştırılmıştır. Bunun için oluşturulan modelde işgücü verimliliği, bağımlı
değişken olarak kullanılmıştır. Açıklayıcı değişken olarak da ihracat
kullanılmıştır.  Araştırmada sabit
etkiler panel veri yöntemi kullanılmıştır. Çalışmanın bulgularına göre
firmaların ihracat yapması firmanın verimliliğindeki değişmeyi pozitif yönde
etkilemektedir. Araştırmada verimliliğe etki eden ihracat dışında kontrol
değişkeni olarak firma büyüklüğü ve çevresel faktörleri temsilen kriz kukla
değişkeni de kullanılmıştır. Ayrıca ihracat düzeyi ile verimlilikteki değişme
de test edilmiştir. 

Kaynakça

  • ARVAS, M.A. & UYAR, B. (2014). Exports and Firm Productivity in Turkish Manufacturing: An Olley-Pakes Estimation, International Journal of Economics and Financial Issues, Vol. 4, No. 2, ISSN: 2146-4138, pp.243-257.
  • ATA, H.A. & AĞ, Y. (2010). Firma Karakteristiğinin Sermaye yapısı Üzerindeki Etkisinin Analizi, Ekonometri ve İstatistik, S:11, ss.45-60)
  • AYADI, M. & MATOUSSI, W. (2014). From Productivity to Exporting or Vice Versa? Evidence from Tunisian Manufacturing Sector, African Development Bank Group Working Paper, No. 214, pp.1-45.
  • BAĞCI, K. (2010). Export Diversification and Productivity Growth. Retrieved September 12, 2017 (de indirildi) from the World Wide Web: http://www.etsg.org/ETSG2010/papers/Bagci.pdf
  • BELLONE, F. & Diğerleri (2007). The U-shaped Productivity Dynamics of French Exporters OFCE Sciences, No:2007-01, pp.1-42.
  • BERTHOU, A. & Diğerleri (2015). Assessing European firms’ exports and productivity distributions: the CompNet trade Modül, European central Bank ECB Working Paper, No: 1788, pp.1-58.
  • CLERIDES, S. & Diğerleri (1998). Is Learning by Exporting Important? Micro-dynamic evidence from Columbia, Mexico and Morocco, Quarterly Journal of Economics, 113(3), pp.903-948.
  • EDWARDS, S. (1993). Openness, Trade Liberalization, and Growth in Developing Countries, Journal of Economic Literature, 31, pp.1358-96.
  • FRYGES, H. & WAGNER, J. (2007). Exports and Productivity Growth: First Evidence from a Continuous Treatment Approach, IZA Discussion Paper, No. 2782, pp.1-23.
  • GHARTEY, E. E. (1993). Causal Relationship Between Exports and Economic Growth: Some Empirical Evidence in Taiwan, Japan, and the US, Applied Economics, 25(8):, pp.1145-1152.
  • GILES, J. A. & WILLIAMS, C.L. (2000). Export-Led Growth: A Survey of the Empirical Literature and Some Non-Causality Results (Part I), Journal of International Trade and Economic Development, 9:3. pp.261-337.
  • GREENE, W. H. (2002). Econometric Analysis, 5th Edition, Prentice Hall, New Jersey, USA.
  • HANSEN, T. (2010). Exports and Productivity: An Empirical Analysis of German and Austrian Firm-Level Performance, Governance and The Efficiency of Economic Systems (GESY) Discussion Paper, No. 317, pp.1-46.
  • HOLMES, T.J. & SCHMITZ, J.A. (2001). A Gain from Trade: From Unproductive to Productive Entrepreneurship, Journal of Monetary Economics, 47(2), pp. 417-446.
  • IFWARSSON, R. (2010). Export, Import, Productivity and Growth: A Theoretical And Empirical Study of An Endogenous Relationship, Master Thesis, Lund University Department of Economics.
  • Kamuoyu Aydınlatma Platformu. Retrieved Jully 7, 2017 (de indirildi) from the World Wide Web: https://www.kap.org.tr/tr/
  • KASAHARA, H. & LAPHAM, B. (2012). Productivity and the Decision to Import and Export: Theory and Evidence. Retrieved August 25, 2017 (de indirildi) from the World Wide Web: http://www.freit.org/WorkingPapers/Papers/FirmLevelTrade/FREIT009.pdf
  • KELLER, W. (2000). Do Trade Patterns and Technology Flows Affect Productivity Growth?, The World Bank Economic Review, 14(1):17-47
  • KIM, S., LIM, H., & PARK, D. (2007). The Effect of Imports and Exports on Total Factor Productivity in Korea RIETI Discussion Paper Series, 07-E -022, pp.1-41 . KÖK, R. & ŞİMŞEK, N. (2011). Panel Veri Analizi, http://www.deu.edu.tr/userweb/recep.kok/dosyalar/panel2.pdf erişim: 5.04.2011.
  • KUNST, R. M. & MARIN, D. (1989). On Exports and Productivity: A Causal Analysis, The Review of Economics and Statistics, 71(4), pp.699-703.
  • LEE, C. (2014). The Exporting and Productivity Nexus: Does Firm Size Matter, Institute of Southeast Asian Studies ISEAS Economics Working Paper, No.2014-1, pp.1-26.
  • MELITZ, M.J. (2003). The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivit, Econometrica, 71(6), pp.1695-1725.
  • MINONDO, A. (2014). The relationship between export status and productivity in services: A firm-level analysis for Spain, Bulletin of Economic Research, Volume 66, Issue S1, Pages pp.138-146 MOOSA, I. A. (1999). Is The Export-led Growth Hypothesis Valid For Australia?, Applied Economics, Vol.31. pp. 903–906.
  • MUKIM, M. (2011). Does exporting increase productivity? Evidence from India, Retrieved August 23, 2017 (de indirildi) from the World Wide Web: http://siteresources.worldbank.org/INTRANETTRADE/Resources/Internal-Training/287823-1256848879189/6526508-1283456658475/mukim.pdf
  • PANAS, E. & VAMVOUKAS, G. (2002). Further Evidence on the Export – Led Growth Hypothesis, Applied Economics Letters, Vol.9, pp.731-5.
  • PARK, A. & Diğerleri (2006). Exporting and Firm Performance:Chinese Exporters and the Asian Financial Crisis, Research Seminar In International Economics, Gerald R. Ford School of Public Policy The University of Michigan, Discussion Paper No. 549, pp.1-47.
  • PELUFFO, A. (2012). The Effects of Exports and Imported Intermediates on Productivity and the Demand for Skilled Labour: A Firm Level Analysis for Uruguay, pp.1-24. Retrieved September 8, 2017 (de indirildi) from the World Wide Web: http://www.freit.org/WorkingPapers/Papers/FirmLevelTrade/FREIT464.pdf
  • SAYGILI, Ş. & Diğerleri (2005). Türkiye Ekonomisinde Sermaye Birikimi, Verimlilik ve Büyüme:1972-2003, DPT Yay, No:2286, Ankara.
  • SJOHOLM, F. (1997). Exports, Imports and Productivity: Results from Indonesian Establishment Data, EIJS Working Paper, No. 33, pp.1-33.
  • SUN, H. & PARIKH, A. (2001). Exports, Inward Foreign Direct Investment (FDI) and Regional Economic Growth in China, Regional Studies, Vol. 35(3), pp. 187–196.
  • WAGNER, J. (2005). Exports and Productivity: A Survey of The Evidence From Firm Level Data, HWWA Discussion Paper, No:319, pp.1-27.
  • WONG, S. A. (2006). Productivity And Trade Openness: Micro-Level Evidence From Manufacturing Industries In Ecuador 1997– 2003, Working Papers, pp.1-43. Retrieved September 6, 2017 (de indirildi) from the World Wide Web: https://www.caf.com/media/3135/SaraWong,Productivityandtradeopenness.pdf
  • YANG, C.H. (2003). Exporting And Productivity: A Firm-Level Analysis Of The Taiwan Electronics Industry, The .eveloping Economies, XLI-3, pp. 340–61.
Toplam 33 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Abdulvahap Özcan

Yayımlanma Tarihi 11 Şubat 2018
Gönderilme Tarihi 18 Eylül 2017
Kabul Tarihi 1 Kasım 2017
Yayımlandığı Sayı Yıl 2018 Cilt: 11 Sayı: 1

Kaynak Göster

APA Özcan, A. (2018). Verimlilik ve İhracat İlişkisi: Borsa İstanbul’da İşlem Gören Firmalar Üzerine Bir Araştırma (2008-2016). Ömer Halisdemir Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 11(1), 65-77. https://doi.org/10.25287/ohuiibf.338750

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