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İmalat Sektörü Firma Karlılığının Ekonomik Büyüme Üzerindeki Etkisi: Türkiye İçin Bir Uygulama

Year 2018, , 18 - 25, 03.08.2018
https://doi.org/10.25287/ohuiibf.433627

Abstract

Bu çalışmanın amacı imalat sektöründe
faaliyette bulunan firmaların karlılığının ekonomik büyüme etkisini
araştırmaktır. Bu amaçla Türk imalat sektöründe yer alan 101 imalat sanayi
firmasına ait 1995-2016 verileri doğrultusunda söz konusu ilişki panel ARDL
yöntemi ile analiz edilmiştir. Analiz sonuçları hem kısa hem de uzun dönemde
panel autoregressive distributed lag model (ARDL)’nin dayandığı temel tahminciler
olan pool mean group (pmg), mean group (mg) ve dynamic fixed effects (dfe) ile
elde edilen bağımsız değişken katsayısının pozitif olduğunu göstermiştir. Buna
ek olarak yapılan Hausman test sonuçları tercih edilmesi gereken tahmincinin pmg
ve dfe olduğuna işaret etmiştir. Sonuçta imalat sektöründe faaliyette bulunan
firmaların karlılığındaki artışın ekonomik büyümeyi artırdığı sonucun ulaşılmıştır.
Bu sonuç firma karlılığının imalat sektörü gelişimine katkıda bulunacağı görüşü
doğrultusunda ekonomik büyümeye katkıda bulunduğunu kanıtlayarak, imalat
sektörünün büyümenin temel dinamiği olduğu görüşünü doğrulamıştır. 

References

  • Adugna, T. (2014). “Impacts of Manufacturing Sector on Economic Growth in Ethiopia: A Kaldorian Approach”. Journal of Business Economics and Management Sciences, 1(1), pp. 1-8.
  • Al-Matari, E. M. vd. (2014). “The Measurements of Firm Performance’s Dimensions”. Asian Journal of Finance & Accounting, 6(1).
  • Dadush, U. (2015). “Is Manufacturing Still a Key to Growth?”. OCP Policy paper, No: PP-15/07.
  • Dasgupta, S. ve Singh, A. (2006). “Manufacturing, Services and Premature Deindustrialization in Developing Countries”. United Nations University World Institute of Development Economic Research Paper no: 2006/49.
  • Fagerberg, J. ve Verspagen, B. (1999). “Modern Capitalism in the 1970’s and 1980s”. Web: http://www.tik.uio.no/InnoWP/archive/wpno002-1999.pdf.Fingleton, B. ve McCombie, J. S. L. (1998). “Increasing Returns and Economic Growth: Some Evidence for Manufacturing from the European Union Regions”. Oxford economic Papers, 50. Pp. 89-105.
  • Kaldor, N. (1966). “Causes of the Slow Rate of Economic Growth of the United kingdom: An Inaugural Lecture”. Cambridge University Press.
  • Levin, A. vd. (2002). “Unit Root Tests in Panel Data: Asymptotic and Finite-Sample Properties”. Journal of Econometrics, 108(1).
  • McCausland, D. ve Theodossiou, I. (2012). “Is Manufacturing Still The Engine of Growth?”. Journal of Post Keynesian Economics. 35(1), pp. 79-93.
  • Necmi, S. (1999). “Kaldor’s Growth Analysis Revisited”. Applied Economics. 31, pp. 653-660.
  • Pesaran, M.H., Shin, Y., Smith, R.J. (1999). “Pooled Mean Group Estim8ation of Dynamic Heterogeneous Panels”. Journal of the American Statistical Association, 94(446).
  • Pons-Novell, J. ve Viladecans-Marsal, E. (1998). “Kaldor’s Laws and Spatial Dependence: Evidence fort he European Regions”. 38. European Congress of the Regional Science Association, Vienna, Austria.
  • Salim, M. ve Yadav, R. (2012). “Capital Structure and Firm Performance: Evidence from Malaysian Listed Companies”. Procedia - Social and Behavioral Sciences, 65.
  • Su, D. ve Yao, Y. (2016). “Manufacturing as the Key Engine of Economic Growth for Middle-Income Economies”. Asian Development Bank Institute Working Paper, no: 573.
  • Szirma, A. ve Verspagen, B. (2015). “Manufacturing and Economic Growth in Developing Countries, 1950-2005”. Structural Change and Economic Dynamics. 34, pp. 46-59.,
  • Terzi, H. ve Oltulular, S. (2004). “Türkiye’de Sanayileşme ve Ekonomik Büyüme Arasındaki Nedensel İlişki”. Doğuş Üniversitesi Dergisi, 5(2), pp. 219-226.

The Effect of Manufacturing Sector Firm Profitability on Economic Growth: Evidence From Turkey

Year 2018, , 18 - 25, 03.08.2018
https://doi.org/10.25287/ohuiibf.433627

Abstract

The aim of this study is to investigate the economic growth effect of the profitability of firms operating in the manufacturing sector. For this purpose, in accordance with 1995-2016 data of 101 manufacturing firms in the Turkish manufacturing sector, the relationship is analyzed using the panel autoregressive distributed lag (ARDL) method. The analysis results showed that the independent variable coefficient obtained by pooled mean group (pmg), mean group (mg) and dynamic fixed effects (dfe), which are the main predictors of panel ARDL in bth short and long run, is positive. In addition, the Hausman test results indicated that the estimator, which should be preffered, is pmg and dfe. The result is that the increase in the profitability of firms operating in the manufacturing sector has increased the economic growth. This conclusion confirms that the manufacturing sector is the basic dynamics of growth, providing that the profitability contributes to economic growth in view of its contribution to the development of the manufacturing sector.

References

  • Adugna, T. (2014). “Impacts of Manufacturing Sector on Economic Growth in Ethiopia: A Kaldorian Approach”. Journal of Business Economics and Management Sciences, 1(1), pp. 1-8.
  • Al-Matari, E. M. vd. (2014). “The Measurements of Firm Performance’s Dimensions”. Asian Journal of Finance & Accounting, 6(1).
  • Dadush, U. (2015). “Is Manufacturing Still a Key to Growth?”. OCP Policy paper, No: PP-15/07.
  • Dasgupta, S. ve Singh, A. (2006). “Manufacturing, Services and Premature Deindustrialization in Developing Countries”. United Nations University World Institute of Development Economic Research Paper no: 2006/49.
  • Fagerberg, J. ve Verspagen, B. (1999). “Modern Capitalism in the 1970’s and 1980s”. Web: http://www.tik.uio.no/InnoWP/archive/wpno002-1999.pdf.Fingleton, B. ve McCombie, J. S. L. (1998). “Increasing Returns and Economic Growth: Some Evidence for Manufacturing from the European Union Regions”. Oxford economic Papers, 50. Pp. 89-105.
  • Kaldor, N. (1966). “Causes of the Slow Rate of Economic Growth of the United kingdom: An Inaugural Lecture”. Cambridge University Press.
  • Levin, A. vd. (2002). “Unit Root Tests in Panel Data: Asymptotic and Finite-Sample Properties”. Journal of Econometrics, 108(1).
  • McCausland, D. ve Theodossiou, I. (2012). “Is Manufacturing Still The Engine of Growth?”. Journal of Post Keynesian Economics. 35(1), pp. 79-93.
  • Necmi, S. (1999). “Kaldor’s Growth Analysis Revisited”. Applied Economics. 31, pp. 653-660.
  • Pesaran, M.H., Shin, Y., Smith, R.J. (1999). “Pooled Mean Group Estim8ation of Dynamic Heterogeneous Panels”. Journal of the American Statistical Association, 94(446).
  • Pons-Novell, J. ve Viladecans-Marsal, E. (1998). “Kaldor’s Laws and Spatial Dependence: Evidence fort he European Regions”. 38. European Congress of the Regional Science Association, Vienna, Austria.
  • Salim, M. ve Yadav, R. (2012). “Capital Structure and Firm Performance: Evidence from Malaysian Listed Companies”. Procedia - Social and Behavioral Sciences, 65.
  • Su, D. ve Yao, Y. (2016). “Manufacturing as the Key Engine of Economic Growth for Middle-Income Economies”. Asian Development Bank Institute Working Paper, no: 573.
  • Szirma, A. ve Verspagen, B. (2015). “Manufacturing and Economic Growth in Developing Countries, 1950-2005”. Structural Change and Economic Dynamics. 34, pp. 46-59.,
  • Terzi, H. ve Oltulular, S. (2004). “Türkiye’de Sanayileşme ve Ekonomik Büyüme Arasındaki Nedensel İlişki”. Doğuş Üniversitesi Dergisi, 5(2), pp. 219-226.
There are 15 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Serdar Öztürk 0000-0003-0650-0244

Buket Altınöz This is me 0000-0002-4276-4821

Publication Date August 3, 2018
Submission Date June 13, 2018
Acceptance Date July 26, 2018
Published in Issue Year 2018

Cite

APA Öztürk, S., & Altınöz, B. (2018). İmalat Sektörü Firma Karlılığının Ekonomik Büyüme Üzerindeki Etkisi: Türkiye İçin Bir Uygulama. Ömer Halisdemir Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 11(3), 18-25. https://doi.org/10.25287/ohuiibf.433627
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