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

Abstract

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. 

Keywords

• Export,Productivity,Panel Data Analysis,Istanbul Stock Exchange

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

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. 

Anahtar Kelimeler

• İhracat,Verimlilik,Panel Veri Analizi,Borsa İstanbul

Kaynakça

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