APPLICATION OF THE TWO-FACTOR DYNAMIC LEARNING CURVE MODEL TO THE SERVICE SECTORS OF THE TURKISH ECONOMY
Abstract
Technological learning capability has become an important factor in increasing productivity since the second half of the 20th century. This capability is acquired through an accumulation process that combines knowledge, skills, competencies and experience to understand rapid changes in technology. The learning curve theory argues that this acquired ability results in increased labor productivity. Although studies in the literature initially stated that only the decreases in unit costs were the result of cumulative increases in production, it was observed that R&D expenditures were used as the second independent variable in the following years. However, only a single learning rate, which is the average of the learning rates in the period in question, was determined in the related studies. In this study, on the other hand, a two-factor dynamic model was used for service sub-sectors, and thus, the course of learning-by-doing ratios as well as learning-by-searching ratios over time was determined. According to the results of the study, it was found that in most of the service sub-sectors, learning-by-doing ratios followed a symmetrical course in the opposite direction to the learning-by-searching ratios. In addition, according to the findings of the study, sectors with high productivity were selected and support was recommended to the relevant sectors.
Keywords
Technological Learning Capability, Dynamic Learning Curve Model, Service Sectors
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