IS LABOR PRODUCTIVITY LINKED to REAL WAGES? AN EMPIRICAL STUDY of the TURKISH MANUFACTURING SECTOR

Yıl 2021, , 25 - 48, 29.04.2021

Özge Korkmaz

https://doi.org/10.51551/verimlilik.692326

Cited By: 1

Öz

Purpose: Effective employment policies play a crucial role in national economic strategies. Therefore, exploring the relationship between labor force productivity and real wages is of particular importance for policymakers. Amid the lively debate on the relationship and causal factors related to labor productivity and real wages, this study carefully examines the data related to these factors between 1988:Q1 to 2006:Q4 and 2007:Q1 to 2017:Q4.

Methodology: In this study, the ARDL Bounds and Toda-Yamamoto causality tests are utilized to analyze the data from both periods.

Findings: Different results were found for each period. Although the results varied in the long-term and the short-term, this study's key results suggest there is significant evidence of a long-term relationship among the variables for the first period. There is no evidence of a long-term relationship between the unemployment rate, labor productivity per hour and real wages in the second period.

Originality: Unlike other studies in the literature, it was examined the relationship between labor productivity and real wages in the Turkish manufacturing industry separately before and after the 2008 financial crisis and also, two different variables were considered for productivity. Partial (labor) productivity was analyzed for the first period and labor productivity per hour for the second period.

Anahtar Kelimeler

Labor Productivity, Manufacturing Sector, Real Wages, Unemployment Rate, Turkey.

IS LABOR PRODUCTIVITY LINKED to REAL WAGES? AN EMPIRICAL STUDY of the TURKISH MANUFACTURING SECTOR

Öz

Amaç: Etkili istihdam politikaları, ulusal ekonomik stratejilerde önemli bir rol oynar. Bu nedenle, iş gücü verimliliği ile reel ücretler arasındaki ilişkinin araştırılması politika yapıcılar için özellikle önemlidir. İş gücü verimliliği ve reel ücretlerle ilgili tartışmalar özelinde, bu çalışmanın amacı, 1988:Q1-2006:Q4 ve 2007:Q1-2017:Q4 dönemleri için iş gücü verimliliği ve reel ücretler arasındaki ilişkiyi incelemektir.

Yöntem: Çalışmada ARDL Sınır Testi ve Toda Yamamoto Nedensellik Testinden yararlanılmıştır.

Bulgular: Analiz sonuçlarına göre, iki dönem için farklı sonuçlar bulunmaktadır. Sonuçlar, ilk dönem için değişkenler arasında uzun vadeli bir ilişki olduğuna dair önemli kanıtlar olduğunu göstermektedir. İkinci dönemde ise işsizlik oranı, saat başına iş gücü verimliliği ve reel ücretler arasında uzun vadeli bir ilişki olduğuna dair bir sonuç bulunamamıştır.

Özgünlük: Literatürdeki çalışmalardan farklı olarak, imalat sanayi sektöründe iş gücü verimliliği ve reel ücretler arasındaki ilişki, 2008 Krizi öncesi ve sonrası olarak ayrı ayrı incelenmiştir ve ayrıca verimliliği ölçmek için iki farklı değişken ele alınmıştır. İlk dönem için kısmi (iş gücü) verimliliği, ikinci dönem için saat başına iş gücü verimliliğiyle çalışılmıştır.

Anahtar Kelimeler

İş Gücü Verimliliği, İmalat Sektörü, Reel Ücretler, İşsizlik Oranı, Türkiye.

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