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

Yıl 2016, Cilt: 2 Sayı: 2, 81 - 91, 01.05.2016

Zehra Abdioğlu Rahmi Yamak

Öz

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

Anahtar Kelimeler

Verdoorn Law, Kaldor Law, Productivity, Growth.

Türk İmalat Sanayinde Sektörler Bazında Verimlilik Çıktı İlişkisi: Verdoorn Yasası

Öz

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.

Anahtar Kelimeler

Verdoorn Yasası, Kaldor Yasası, Verimlilik, Büyüme

Kaynakça

• 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.