Form of the Production Function in Turkish Manufacturing Industries
Form of the Production Function in Turkish Manufacturing Industries

Summary/Abstract: In this paper we investigate the specification of the production function in Turkish manufacturing industries. Three types of production functions (Cobb-Douglas, CES and translog) are estimated for selected industries by using a pa-nel data set for the period of 1980 – 1998. Data are taken from the Annual Manufacturing Industry Statistics of State Institute of Statistics. In addition, we examine if the changes in the growth rate of production in different industries are random or due to sectoral characteristics in the framework of random and fixed effect models. We conclude that the Cobb-Douglas function performs best and the differences in growth rates are found to be random.

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