Money and productive efficiency: evidence from a high-inflation country

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dc.citation.epage73en_US
dc.citation.issueNumber1en_US
dc.citation.spage64en_US
dc.citation.volumeNumber43en_US
dc.contributor.authorBaşçı, E.en_US
dc.contributor.authorMahmud, S. F.en_US
dc.contributor.authorYucel, E. M.en_US
dc.date.accessioned2016-02-08T10:16:01Z
dc.date.available2016-02-08T10:16:01Z
dc.date.issued2007en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper examines how money balances held by manufacturing firms affect their efficiency in generating sales revenue in a high-inflation economy. The analysis employs data from Turkish firms to estimate a stochastic frontier model, finding a strong positive association between the firms' money holdings and their efficiency. However, the role of money balances seems to diminish as firms hold higher raw material inventories. © 2007 M.E. Sharpe, Inc. All rights reserved.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T10:16:01Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2007en
dc.identifier.doi10.2753/REE1540-496X430103en_US
dc.identifier.eissn1558-0938
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/11693/23586
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.2753/REE1540-496X430103en_US
dc.source.titleEmerging Markets Finance and Tradeen_US
dc.subjectHigh inflationen_US
dc.subjectInventoriesen_US
dc.subjectManufacturingen_US
dc.subjectMoney demand by firmsen_US
dc.subjectStochastic frontier estimationen_US
dc.subjectTurkeyen_US
dc.titleMoney and productive efficiency: evidence from a high-inflation countryen_US
dc.typeArticleen_US

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