IDEAS home Printed from https://ideas.repec.org/a/ist/ibsibr/v52y2023i2p437-459.html
   My bibliography  Save this article

Recalculation of Manufacturing Industry Production Function with Trade Openness and Human Capital: Multi-Dimensional Panel Data Application

Author

Listed:
  • Ergün Aktürk

    (Atatürk Üniversitesi)

  • Yusuf Akan

    (Atatürk Üniversitesi)

  • Sena Gültekin

    (Atatürk Üniversitesi)

Abstract

The manufacturing industry plays a key role in ensuring long-term and sustainable economic development. Although the impact of the service and information technology sectors on economic growth has increased recently, reindustrialization trends have appeared especially in developing and underdeveloped countries. Studies on the manufacturing industry have started to gain importance again within the scope of reindustrialization. In this context, the production functions of the manufacturing industry started to be recalculated and the factors affecting the manufacturing industry became the field of study again. In particular, global trade has become one of the dominant issues in terms of the manufacturing industry. This study aims to calculate the manufacturing industry production function of 40 countries for the period of 2000-2014. While making this calculation, it is aimed to see the effect of trade openness and human capital on manufacturing industry production. For this purpose, multidimensional panel data analysis was used and the Cobb-Douglas production function was calculated. As a result of the analysis, it has been found that labor, exchange rate, trade openness, and human capital have a positive effect on manufacturing industry production.

Suggested Citation

  • Ergün Aktürk & Yusuf Akan & Sena Gültekin, 2023. "Recalculation of Manufacturing Industry Production Function with Trade Openness and Human Capital: Multi-Dimensional Panel Data Application," Istanbul Business Research, Istanbul University Business School, vol. 52(2), pages 437-459, August.
    • Handle: RePEc:ist:ibsibr:v:52:y:2023:i:2:p:437-459
    DOI: 10.26650/ibr.2023.52.1120652
    as

    Download full text from publisher

    File URL: https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/382A4DA7E48D46C09FE8C51BDC9AC266
    Download Restriction: no
    File URL: https://iupress.istanbul.edu.tr/en/journal/ibr/article/recalculation-of-manufacturing-industry-production-function-with-trade-openness-and-human-capital-multi-dimensional-panel-data-application
    Download Restriction: no
    File URL: https://libkey.io/10.26650/ibr.2023.52.1120652?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ist:ibsibr:v:52:y:2023:i:2:p:437-459. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Istanbul University Press Operational Team (Ertuğrul YAŞAR) (email available below). General contact details of provider: https://edirc.repec.org/data/isisttr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.