| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13999 |
| DP13999 Facts on Business Dynamism in Turkey | |
| Ufuk Akcigit; Yusuf Emre Akgunduz; Elif Ozcan Tok; Seyit Mümin Cilasun; Fatih Yilmaz | |
| 发表日期 | 2019-09-17 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | In this paper, we investigate various trends on competition and business dynamism in the Turkish manufacturing sector. More specifically, using micro level administrative data sets of firm balance sheets, credit registry and social security records, we focus on moments such as firm entry, exit, profitability, worker reallocation, labor share, labor productivity and credit distributions, among several others. Our results indicate that business dynamism in the Turkish manufacturing sector was relatively stable and even improving until 2012 but has been declining since then. We find that market concentration and exit rates have started to rise, yet new business creation, labor share of output and economic activities of young firms have declined. Using a model with endogenous market competition, we show that a adverse shock to cost of R&D investment can explain these empirical trends. We identify increases in financing costs after 2012 of followers as a potential mechanism for our findings in Turkey. We next perform a policy analysis with our model which suggests that providing support (e.g., R&D subsidy) to immediate followers can undo the adverse effects of the negative shock to financing costs and therefore foster competition and faster growth. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Business dynamism Market concentration Competition Turkish economy |
| URL | https://cepr.org/publications/dp13999 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542881 |
| 推荐引用方式 GB/T 7714 | Ufuk Akcigit,Yusuf Emre Akgunduz,Elif Ozcan Tok,et al. DP13999 Facts on Business Dynamism in Turkey. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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