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The Relationship between Productivity and Output in the Turkish Manufacturing Industry:Verdoorn Law

Year 2016, Volume: 2 Issue: 2, 81 - 91, 01.05.2016

Abstract

In this study, the relationship between output and productivity was tested for nine sub-sectors of Turkish manufacturing industry in the context of the static and the dynamic analysis for the period of 2005:01-2016:01. According to the results, Verdoorn law is valid only for the manufacture sector of tobacco products among nine sectors in Turkey

References

  • Apergis, Nicholas and Spyros Zikos (2003), “The Law of Verdoorn: Evidence from Greek Disaggregated Manufacturing Time Series Data”, The Economic and Social Review, Volume: 34, Issue:1, p.87-104.
  • Arısoy, İbrahim (2008), “Türkiye’de Sanayi Sektörü-İktisadi Büyüme İlişkisinin Kaldor Hipotezi Çerçevesinde Test Edilmesi”, Türkiye Ekonomi Kurumu Tartışma Metni, No:1, s.1-31.
  • Ateşoğlu, H. Sönmez (1993), “Manufacturing and Economic Growth in the United States”, Applied Economics, Volume:25, Issue:1, p.67-69.
  • Cripps, T. Francis and Roger J. Tarling (1973), Growth in Advanced Capitalist Economies 1950-1970, Cambridge University Press, Cambridge.
  • Çatık, Nafiz ve Mehmet Güçlü (2006), “Mekansal Etkiler Altında Ampirik Büyüme Modelleri: Türkiye Üzerine Bir Uygulama”, Working Papers in Economics 2006, No:06, s.1-14.
  • Dickey, David and Wayne Fuller (1979), “Distribution of the Estimators for Autoregressive Time Series with A Unit Root”, Journal of the American Statistical Association, Volume: 74, Issue:366, p.427 431.
  • Dickey, David and Wayne Fuller (1981), “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root”, Econometrica, Volume: 49, Issue: 4, p.1057-1072.
  • Fabricant, Solomon (1942), Employment in Manufacturing, 1899-1939: An Analysis of its Relation to the Volume of Production, NBER, New York.
  • Granger, C.W. John (1969), “Investigating Causal Relations by Econometric Models and Cross Spectral Methods”, Econometrica, Volume:37, p.434-438.
  • Harris, Richard and Eunice Lau (1998), “Verdoorn’s Law and Increasing Returns to Scale in the UK Regions, 1968-91: Some New Estimates Based on the Cointegration Approach”, Oxford Economic Papers, Volume:50, p.201-219.
  • Harris, Richard and Aying Liu (1999), “Verdoorn’s Law and Increasing Returns to Scale: Country Estimates Based on the Cointegration Approach”, Applied Economics Letters, Volume: 6, Issue:1, p.29-33.
  • Leon-Ledesma, Miguel A. (2000), “Economic Growth and Verdoorn’s Law in the Spanish Regions, 1962-1991”, Taylor and Francis Journals, Volume:14, Issue:1, p.55-69.
  • Libanio, Gilberto (2006), “Manufacturing Industry and Economic Growth in Latin America: A Kaldorian Approach”, A Publication of the Carnegie Council, p.1-25.
  • Kaldor, Nicholas (1966), Causes of the Slow Rate of Economic Growth of the United Kingdom: An Inaugural Lecture, Cambridge University Press, Cambridge
  • Kaldor, Nicholas (1975), “Economic Growth and the Verdoorn Law-A Comment on Mr Rowthorn's Article”, The Economic Journal, Volume:85, p.891-896.
  • Kennedy, Kieran A. (1969), “Growth of Labour Productivity in Irish Manufacturing1953-1967”, http://www.tara.tcd.ie/bitstream/handle/ /5962/jssisiVolXXIIPartI_113154.pdf?sequence=1.
  • Knell, Mark and Paul Rayment (2001), “Structural Change in European Manufacturing Industries and the Kaldor-Verdoorn Law”, Danish Research Unit for Industrial Dynamics, Conference paper.
  • McCombie, John and John R. de Ridder (1984), “The Verdoorn Law Controversy: Some New Empirical Evidence Using U. S. Data”, Oxford Economic Papers, Volume:36, p.268-284.
  • MacKinnon, James G. (1996), “Numerical Distribution Functions for Unit Root and Cointegration Tests”, Journal of Applied Econometrics, Volume: 11, p. 601–618.
  • Pesaran, Hashem, Shin, Yongcheol and Richard Smith (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, Volume:16, p.289 326.
  • Phillips, Peter and Pierre Peron (1988), “Testing for a Unit Root in Time Series Regressions”, Biometrika, Volume:75, Issue:2, p.335 346.
  • Rowthorn, Robert E. (1975), “What Remains of Kaldor’s Law?”, The Economic Journal, Volume:85, Issue:337, p.10-19.
  • Rowthorn, Robert E. (1979), “A Note on Verdoorn’s Law”, The Economic Journal, Volume:89, p.131-133.
  • Terzi, Harun ve Sabiha Oltulular (2004), “Türkiye’de Sanayileşme ve Ekonomik Büyüme Arasındaki Nedensel İlişki”, Doğuş Üniversitesi Dergisi, Sayı:2, s.219-226.
  • Vaciago, Giacomo (1975), “Increasing Returns and Growth in Advanced Economies: A Re- Evaluation”, Oxford Economic Papers, Volume:27, Issue:2, p.232-239.
  • Verdoorn, P. Johannes (1993), “On the Factors Determining the Growth of Labour Productivity”, Italian Economic Papers, No:2, p.59-68.
  • Walterskirchen, Ewald (1999), “The Relationship between Growth, Employment and Unemployment in the EU”, European Economists for an Alternative Economic Policy, Volume:1, Issue:15, p.1-9.
  • Yamak, Rahmi ve Uğur Sivri (1997), “Ekonomik Büyüme ve Kaldor Yasası: Türkiye Örneği, 1979- 1994”, İşletme Finans Dergisi, Sayı:139, s.9-21.
  • Yamak, Nebiye (2000), “Cointegration , Causality and Kaldor's Hypothesis: Evidence from Turkey, 1946-1995”, Gazi Üniversitesi İİBF Dergisi, Sayı: 4, s.75-80.

Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası

Year 2016, Volume: 2 Issue: 2, 81 - 91, 01.05.2016

Abstract

Bu çalışmada, Türkiye imalat sanayisinin dokuz alt sektörü bazında, çıktı ile verimlilik arasındaki ilişki 2005:01-2016:01 dönemi itibariyle statik ve dinamik analiz çerçevesinde test edilmiştir. Elde edilen sonuçlara göre, Türkiye’de dokuz sektörden sadece tütün ürünleri imalatı için Verdoorn yasası geçerlidir.

References

  • Apergis, Nicholas and Spyros Zikos (2003), “The Law of Verdoorn: Evidence from Greek Disaggregated Manufacturing Time Series Data”, The Economic and Social Review, Volume: 34, Issue:1, p.87-104.
  • Arısoy, İbrahim (2008), “Türkiye’de Sanayi Sektörü-İktisadi Büyüme İlişkisinin Kaldor Hipotezi Çerçevesinde Test Edilmesi”, Türkiye Ekonomi Kurumu Tartışma Metni, No:1, s.1-31.
  • Ateşoğlu, H. Sönmez (1993), “Manufacturing and Economic Growth in the United States”, Applied Economics, Volume:25, Issue:1, p.67-69.
  • Cripps, T. Francis and Roger J. Tarling (1973), Growth in Advanced Capitalist Economies 1950-1970, Cambridge University Press, Cambridge.
  • Çatık, Nafiz ve Mehmet Güçlü (2006), “Mekansal Etkiler Altında Ampirik Büyüme Modelleri: Türkiye Üzerine Bir Uygulama”, Working Papers in Economics 2006, No:06, s.1-14.
  • Dickey, David and Wayne Fuller (1979), “Distribution of the Estimators for Autoregressive Time Series with A Unit Root”, Journal of the American Statistical Association, Volume: 74, Issue:366, p.427 431.
  • Dickey, David and Wayne Fuller (1981), “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root”, Econometrica, Volume: 49, Issue: 4, p.1057-1072.
  • Fabricant, Solomon (1942), Employment in Manufacturing, 1899-1939: An Analysis of its Relation to the Volume of Production, NBER, New York.
  • Granger, C.W. John (1969), “Investigating Causal Relations by Econometric Models and Cross Spectral Methods”, Econometrica, Volume:37, p.434-438.
  • Harris, Richard and Eunice Lau (1998), “Verdoorn’s Law and Increasing Returns to Scale in the UK Regions, 1968-91: Some New Estimates Based on the Cointegration Approach”, Oxford Economic Papers, Volume:50, p.201-219.
  • Harris, Richard and Aying Liu (1999), “Verdoorn’s Law and Increasing Returns to Scale: Country Estimates Based on the Cointegration Approach”, Applied Economics Letters, Volume: 6, Issue:1, p.29-33.
  • Leon-Ledesma, Miguel A. (2000), “Economic Growth and Verdoorn’s Law in the Spanish Regions, 1962-1991”, Taylor and Francis Journals, Volume:14, Issue:1, p.55-69.
  • Libanio, Gilberto (2006), “Manufacturing Industry and Economic Growth in Latin America: A Kaldorian Approach”, A Publication of the Carnegie Council, p.1-25.
  • Kaldor, Nicholas (1966), Causes of the Slow Rate of Economic Growth of the United Kingdom: An Inaugural Lecture, Cambridge University Press, Cambridge
  • Kaldor, Nicholas (1975), “Economic Growth and the Verdoorn Law-A Comment on Mr Rowthorn's Article”, The Economic Journal, Volume:85, p.891-896.
  • Kennedy, Kieran A. (1969), “Growth of Labour Productivity in Irish Manufacturing1953-1967”, http://www.tara.tcd.ie/bitstream/handle/ /5962/jssisiVolXXIIPartI_113154.pdf?sequence=1.
  • Knell, Mark and Paul Rayment (2001), “Structural Change in European Manufacturing Industries and the Kaldor-Verdoorn Law”, Danish Research Unit for Industrial Dynamics, Conference paper.
  • McCombie, John and John R. de Ridder (1984), “The Verdoorn Law Controversy: Some New Empirical Evidence Using U. S. Data”, Oxford Economic Papers, Volume:36, p.268-284.
  • MacKinnon, James G. (1996), “Numerical Distribution Functions for Unit Root and Cointegration Tests”, Journal of Applied Econometrics, Volume: 11, p. 601–618.
  • Pesaran, Hashem, Shin, Yongcheol and Richard Smith (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, Volume:16, p.289 326.
  • Phillips, Peter and Pierre Peron (1988), “Testing for a Unit Root in Time Series Regressions”, Biometrika, Volume:75, Issue:2, p.335 346.
  • Rowthorn, Robert E. (1975), “What Remains of Kaldor’s Law?”, The Economic Journal, Volume:85, Issue:337, p.10-19.
  • Rowthorn, Robert E. (1979), “A Note on Verdoorn’s Law”, The Economic Journal, Volume:89, p.131-133.
  • Terzi, Harun ve Sabiha Oltulular (2004), “Türkiye’de Sanayileşme ve Ekonomik Büyüme Arasındaki Nedensel İlişki”, Doğuş Üniversitesi Dergisi, Sayı:2, s.219-226.
  • Vaciago, Giacomo (1975), “Increasing Returns and Growth in Advanced Economies: A Re- Evaluation”, Oxford Economic Papers, Volume:27, Issue:2, p.232-239.
  • Verdoorn, P. Johannes (1993), “On the Factors Determining the Growth of Labour Productivity”, Italian Economic Papers, No:2, p.59-68.
  • Walterskirchen, Ewald (1999), “The Relationship between Growth, Employment and Unemployment in the EU”, European Economists for an Alternative Economic Policy, Volume:1, Issue:15, p.1-9.
  • Yamak, Rahmi ve Uğur Sivri (1997), “Ekonomik Büyüme ve Kaldor Yasası: Türkiye Örneği, 1979- 1994”, İşletme Finans Dergisi, Sayı:139, s.9-21.
  • Yamak, Nebiye (2000), “Cointegration , Causality and Kaldor's Hypothesis: Evidence from Turkey, 1946-1995”, Gazi Üniversitesi İİBF Dergisi, Sayı: 4, s.75-80.
There are 29 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Zehra Abdioğlu

Rahmi Yamak

Publication Date May 1, 2016
Published in Issue Year 2016 Volume: 2 Issue: 2

Cite

APA Abdioğlu, Z., & Yamak, R. (2016). Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası. Uluslararası Ekonomik Araştırmalar Dergisi, 2(2), 81-91.
AMA Abdioğlu Z, Yamak R. Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası. UEAD. May 2016;2(2):81-91.
Chicago Abdioğlu, Zehra, and Rahmi Yamak. “Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası”. Uluslararası Ekonomik Araştırmalar Dergisi 2, no. 2 (May 2016): 81-91.
EndNote Abdioğlu Z, Yamak R (May 1, 2016) Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası. Uluslararası Ekonomik Araştırmalar Dergisi 2 2 81–91.
IEEE Z. Abdioğlu and R. Yamak, “Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası”, UEAD, vol. 2, no. 2, pp. 81–91, 2016.
ISNAD Abdioğlu, Zehra - Yamak, Rahmi. “Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası”. Uluslararası Ekonomik Araştırmalar Dergisi 2/2 (May 2016), 81-91.
JAMA Abdioğlu Z, Yamak R. Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası. UEAD. 2016;2:81–91.
MLA Abdioğlu, Zehra and Rahmi Yamak. “Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası”. Uluslararası Ekonomik Araştırmalar Dergisi, vol. 2, no. 2, 2016, pp. 81-91.
Vancouver Abdioğlu Z, Yamak R. Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası. UEAD. 2016;2(2):81-9.