TOTAL FACTOR PRODUCTIVITY AND ITS DETERMINANTS: AN EMPIRICAL ANALYSIS ON THE FIRMS IN THE TURKISH MANUFACTURING SECTOR

Yıl 2020, Sayı: 3, 25 - 42, 26.06.2020

Ömer Tuğsal Doruk

Öz

The aim of this study is to assess the determinants of total factor productivity for the firms which publicly held in Borsa Istanbul and included in the ISO 500 list in the period 2005-2013. In this study, the two-step analysis is employed for this purpose. In the first step, the technical inefficiency of each firm is measured by using stochastic frontier approach. In the second step, determinants of the obtained technical inefficiency variable in the first step are researched. The findings from panel data analysis show that capital-output ratio has a positive effect on technical inefficiency. While trade and aggregate demand have a negative effect on technical inefficiency, FDI and R&D expenditures have no significant effect on technical inefficiency. 

Anahtar Kelimeler

Turkish Manufacturing Sector, ISO 500, Technical Inefficiency, Total Factor Productivity.

TOPLAM FAKTÖR VERİMLİLİĞİ VE BELİRLEYİCİLERİ: TÜRKİYE İMALAT SANAYİ FİRMALARI İÇİN AMPİRİK BİR ANALİZ

Öz

Bu çalışmanın amacı, Borsa İstanbul’da işlem gören ve ISO 500 listesi içerisinde yer alan imalat sanayi firmaları açısından 2005-2013 yılları arasında Toplam Faktör Verimliliği (TFP)’nin belirleyicilerinin saptanmasıdır. Çalışmada bu amaçla iki aşamalı bir analiz yöntemi kullanılmaktadır. Çalışmanın ilk aşamasında imalat sanayi firmalarının teknik etkinsizliği Stokastik Sınır Analizi (SSA) ile ölçülmektedir. İkinci aşamada ise ilk aşamada elde edilen teknik etkinsizliğin belirleyicileri araştırılmaktadır. Panel Veri Analizi sonuçları, sermaye-hasıla katsayısının teknik etkinsizliği arttırıcı bir etkisinin bulunduğunu göstermektedir. Elde edilen sonuçlar ticaret ve toplam talebin teknik etkinsizliği azaltıcı etkisi olduğunu gösterirken, FDI ve Ar-Ge harcamaları ile teknik etkinsizlik arasında bir ilişki bulunmadığını göstermektedir.  

Anahtar Kelimeler

İmalat Sanayi, ISO 500, Teknik Etkinsizlik, Toplam Faktör Verimliliği

Kaynakça

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