Türkiye imalat sanayii piyasalarının analizi (yoğunlaşma ve karlılığın değerlendirilmesi)

Abstract

SUMMARY A basip fact of life is that industries differ widely in their market structure e.g. how many sellers there are, how many buyers there are, whether different sellers products are identical and so on. Market structure is important because to a large extent it shapes market conduct. A company which has a monopoly will behave differently from one faced with several rival producers. A company selling a branded, advertised product will behave differently from one selling a completely standardized product. Market conduct, in turn, affects the economic performance of an industry: how prices are determined, whether costs are as low as they could be, and whether profits are low or high. So in analyzing an industry, economists view the causal chain as running in this direction. Market structure - ? Market behaviour - » Economic performance Knowledge of the structure of industry and its impact on the performance of the economy would be helpful not only from the theoretical point of view but also for the purposes of policy formulation. If an industry's economic performance is unsatisfactory, policy makers should look back along the causal chain and ask whether there are ways of changing market structure which leads to unsatisfactory performanceThe branch of microeconomics which makes empirical studies of structure performance relationships is called industrial organization. In this approach, the usual procedure is to express the hypothesis in terms of statistical relationships between the structure and performance of the industry or to deduce such relationships from the hypothesis. Then examine the statistics to see if the predicted relationship does exist. In Turkey the number of empirical analysis undertaken for industry with in the structure -behaviour- performance framework are few. Except for restricted number of researches there has not been any serious attempt to raise the issue. The reason for this maybe related to the belief that the growth of output is more important than market distortions which inhibit allocational efficiency. Alternatively, there may be some other inadequacies such as deficiencies of data. Whatever the reason the issue is crucial and has to be explored. This dissertation has an objective of investigating Turkish Manufacturing Industry with in the structure- performance framework. This is a global and empirical analysis of economic effects of market structure. It is a global analysis in the sense that it tends to ambrace the entire manufacturing industry of Turkey. It is an empirical analysis, as the emphasis is on the econometric verification of alleged relationships existing between market structure and economic performance.