Capital's response to globalization : "a comparative analysis of the adjustment patterns of mark-ups in post-liberalization developing countries"

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buir.advisorYeldan, Erinç
dc.contributor.authorButurak, Gökhan
dc.date.accessioned2016-01-08T20:18:00Z
dc.date.available2016-01-08T20:18:00Z
dc.date.issued2004
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, Bilkent Univ., 2004.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2004.en_US
dc.descriptionIncludes bibliographical references leaves 76-79.en_US
dc.description.abstractIn this thesis, I investigate the capital’s response to the new world economic order termed as “globalization”. It is asserted in many theoretical and popular writings that increased pressures of global competition would squeeze the profit margins and reduce capital returns. I discuss this proposition theoretically and then test for it using manufacturing data for a selected group of developing countries under post-liberalization. I utilize time series and panel data econometrics to study the behavior of markups (gross profit margins) against wage costs, trade openness, and investment share in the GDP as a proxy for capacity utilization. Contrary to expectations, I find no significant conclusive evidence on the sign of “openness” on profit margins in many countries of my sample. My results also reveal that though mark-ups are negatively related with real wage costs in most of the Latin American countries in my sample, they have a positive and statistically significant relation to real wage costs in Turkish manufacturing. Finally, investment shares and mark-ups reveal a negative relationship for Argentina and Turkey and a positive one for Colombia.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityButurak, Gökhanen_US
dc.format.extentix, 82 leaves, graphicsen_US
dc.identifier.urihttp://hdl.handle.net/11693/18295
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectmark-ups,en_US
dc.subjectmanufacturing industryen_US
dc.subjectdistributionen_US
dc.subjectglobalizationen_US
dc.subjectprofit marginsen_US
dc.subject.lccHC79.P7 B88 2004en_US
dc.subject.lcshProfit.en_US
dc.subject.lcshMarkup.en_US
dc.subject.lcshCost control.en_US
dc.subject.lcshInternational economic relations.en_US
dc.subject.lcshGlobalization.en_US
dc.subject.lcshManufacturing industries.en_US
dc.titleCapital's response to globalization : "a comparative analysis of the adjustment patterns of mark-ups in post-liberalization developing countries"en_US
dc.typeThesisen_US

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