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PROFIT RATE OF TURKISH MANUFACTURING SECTOR IN A MARXIAN PERSPECTIVE

PROFIT RATE OF TURKISH MANUFACTURING SECTOR IN A MARXIAN PERSPECTIVE

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Abstract (2. Language): 
The article evaluates the Turkish manufacturing sector from 1950 to 2011 with Marxist tools. Using national income data, we estimate capital stock data to generate profit rate in disaggregate level of Turkish economy. Profit rate in Turkish manufacturing sector has a main long-wave which contains the depression phase before 1980 and the recovery phase after 1980. Another aspect we gained from our study is that the exogenous events and capital productivity are the main determinants of profit rate in Turkish manufacturing sector.
Abstract (Original Language): 
Bu çalısma Türkiye ekonomisinde 1950 ve 2011 yılları arasındaki dönemi Marksist araçlarla ele almaktadır. Öncelikle kar oranlarını olusturmak için gerekli olan sermaye stoku verileri milli gelir verilerinden yararlanarak olusturulmustur. Çalısmada elde edilen bulgulara göre, imalat sanayinde kar oranları 1980 öncesinde çöküntü ve 1980 sonrasında genislemeden olusan bir uzun dalgaya sahiptir. Elde edilen bir diğer sonuç ise imalat sanayinde kar oranlarındaki temel belirleyicilerin birisi dıssal soklar iken bir diğerinin sermayenin verimliliği olduğudur.

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