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The Economic Effects of Manufacturing Industrial Sector: An Input-Output Analysis

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  • Hale AKBULUT

Abstract

The aim of this paper is to analyze the economic impacts of the manufacturing sector on the Turkish economy in a sub-sectoral way and to form fiscal policy recommendations by identifying the most efficient sub-sectors. For that purpose, the effects on the total value of production, labor income, capital income and total value-added have been focused on. In order to observe all direct, indirect and induced effects, Input-Output analysis has been employed using Turkish 2015 Input-Output data. As a result of the analysis, findings are observed to be different when we consider total effects instead of the direct and indirect effects.

Suggested Citation

  • Hale AKBULUT, 2019. "The Economic Effects of Manufacturing Industrial Sector: An Input-Output Analysis," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    • Handle: RePEc:sos:sosjrn:190413
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    References listed on IDEAS

    as
    1. Patrick Llerena & André Lorentz, 2003. "Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey," LEM Papers Series 2003/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Gilberto Libânio & Sueli Moro, 2011. "Manufacturing Industryand Economic Growth in Latin America," Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] 86, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    3. Patrick Llerena & André Lorentz, 2003. "Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey," LEM Papers Series 2003/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Zhao, Jingfeng & Tang, Jianmin, 2018. "Industrial structure change and economic growth: A China-Russia comparison," China Economic Review, Elsevier, vol. 47(C), pages 219-233.
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    More about this item

    Keywords

    Input-Output Model; Fiscal Policy; Manufacturing Industry.;
    All these keywords.

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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