Patterns of Productivity Growth and the Wage Cycle in Turkish Manufacturing

Voyvoda, Ebru; Yeldan, Erinç

doi:10.1080/02692170110081921

Cited by 17 publications

(16 citation statements)

References 9 publications

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“…This deformation is, in fact, a perennial feature of the post-1980 structural adjustment era. In their analysis of the decomposition of labor productivity in manufacturing, Voyvoda and Yeldan (2001) report that, since the inception of the structural adjustment reforms and outward orientation, the underlying sources of productivity gains have not significantly altered in this sector. They find that none of the leading export sectors of the 1980s have generated sufficiently strong productivity contributions or admitted strong interindustry linkages to serve as the leading sectors propelling the rest of the economy.…”

Section: Microlevel Adjustments In the Manufacturing Sectormentioning

confidence: 99%

Turkey, 1980–2000: Financial Liberalization, Macroeconomic (In)Stability, and Patterns of Distribution

Boratav¹,

Yeldan²

2006

External Liberalization in Asia, Post-Socialist Europe, and Brazil

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This chapter examines the facts and processes characterizing the dynamic macroeconomic adjustments in Turkey since the start of its reforms toward global integration. The study is organized as follows. Section 2 focuses on the analytics of macro adjustments of the two distinct (i.e., 1980-1988/1989 and 1989-2000) phases of liberalization. Section 3 quantifies the macro adjustments via a set of decomposition exercises and traces the evolution of real output and sources of aggregate demand. Microlevel adjustments and related decomposition exercises, in turn, are investigated in Section 4 for the manufacturing sector. The distributional effects of liberalization of commodity trade and finance are summarized in Section 5, and Section 6 gives a conclusion.

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Section: Microlevel Adjustments In the Manufacturing Sectormentioning

confidence: 99%

Turkey, 1980–2000: Financial Liberalization, Macroeconomic (In)Stability, and Patterns of Distribution

Boratav¹,

Yeldan²

2006

External Liberalization in Asia, Post-Socialist Europe, and Brazil

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“…( 3) See Voyvoda and Yeldan ( 1999 ), Onaran ( 1999 ), Tansel ( 1999 ), Boratav et al . ( 1996 ), Yeldan ( 1995 ), Uygur ( 1993 ), Senses ( 1994 ), Boratav and Türel ( 1993 ), Celasun ( 1994 ), and Ozmucur ( 1986 ) for analyses of the adjustment patterns and distributional shifts under the Turkish structural adjustment reforms of the 1980s.…”

Section: Concluding Comments and Overall Assessmentmentioning

confidence: 99%

The Impact of Financial Liberalization and the Rise of Financial Rents on Income Inequality: The Case of Turkey

Yeldan¹

2004

Inequality Growth And Poverty in an Era of Liberalization and Globalization

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This is the third of five country case studies on income inequality, and investigates the impact of financial liberalization and the rise of financial rents on income inequality in Turkey. The chapter has five sections: Introduction; Indicators of Income Distribution: The Evidence—a broad overview, and evidence on the patterns of income distribution in Turkey over the last three decades; Macroeconomic Adjustment under Financial Liberalization and the Rise of Financial Rents—a discussion of the evolution of functional categories of income that includes an account of the macroeconomic adjustment; The Rising Fiscal Gap and the Role of the State in Regulating the Distributional Structure—a detailed analysis of the rise in public sector deficits and the distributive consequences of the widening fiscal gap; and Concluding Comments and Overall Assessment. Sect. 3 looks at the inherent tensions caused by the macroeconomic disequilibria embodied in the process of integration with world markets under conditions of a poorly supervised banking system and underdeveloped and fragile domestic asset markets; here, it is found to be analytically convenient to decompose the path of Turkish liberalization after 1980 into two major subperiods partitioned by the strategic step of capital account deregulation—which took place in 1989 and was completed by the full integration of the domestic market into global financial markets. This section also studies the patterns of the wage cycle and productivity growth using quantitative filtering techniques, and reports on the disassociation of labour remunerations from the productivity gains in the real sphere of the economy.

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“…However, how much of the plant‐level evidence about trade‐induced efficiency gains can be generalized to the sector level is debatable. Based on the decomposition of labor productivity in the subsectors of manufacturing, Voyvoda and Yeldan (2001) find no strong productivity contribution and no inter‐industry linkages generated by the leading export sectors. It might be that plant‐level positive effects are offset by negative spillovers of competitive pressures to the rest of the sector.…”

Section: Estimation Methodology and The Resultsmentioning

confidence: 99%

“…It might be that plant‐level positive effects are offset by negative spillovers of competitive pressures to the rest of the sector. Voyvoda and Yeldan (2001) argue that export expansion was not based on sustainable productivity improvements and structural change but on favorable production and export subsidies, currency depreciation and wage suppression. This might be another reason why export orientation failed to create a dynamic growth in employment.…”

Section: Estimation Methodology and The Resultsmentioning

confidence: 99%

The Determinants of Employment: A Sectoral Analysis for Turkey

Aydıner-Avşar

Onaran²

2010

The Developing Economies

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This paper analyzes the effects of wages, openness, and demand on employment in the private manufacturing industry in Turkey based on panel data for the period of 1973-2001. The wage elasticity of employment increases after trade liberalization. Nevertheless, output elasticity of labor demand is higher than wage elasticity in the total manufacturing sector for the whole estimation period, and in the high-and mediumskilled sectors in the post-1980 period. Trade effects, after controlling for output, seem to have a low economic significance. The positive effects of exports on the labor intensity of production are low or are offset by labor saving effects of foreign trade, particularly in the high-and medium-skilled sectors. On the other hand, there is some evidence of a negative import effect in the low-skilled sectors, whereas in the high-and medium-skilled group a complementary relation between domestic labor and imported inputs dominates the effects.

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Patterns of Productivity Growth and the Wage Cycle in Turkish Manufacturing

Cited by 17 publications

References 9 publications

Turkey, 1980–2000: Financial Liberalization, Macroeconomic (In)Stability, and Patterns of Distribution

Turkey, 1980–2000: Financial Liberalization, Macroeconomic (In)Stability, and Patterns of Distribution

The Impact of Financial Liberalization and the Rise of Financial Rents on Income Inequality: The Case of Turkey

The Determinants of Employment: A Sectoral Analysis for Turkey

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