Abstract
The Relationship between Concentration, Profitability, and Wages in Turkey's Manufacturing Industries: Reconsidered The effects of market structure on the wages and profits have been one of the hot topics in the economics field drawing considerable interest of both economists and regulatory authorities since 1950s. There is a vast-both theoretical and applied-literature suggesting that high concentration levels are positively related with wages and profits. Aksoy (1983) examined concentration-wages and concentration-profitability relationships for Turkey and showed that both wages and profits are higher in high-concentration industries than that of low-concentration industries. Using advanced panel-data methods and Turkey’s manufacturing industry sub-sector data, this study reinvestigates these relationships studied by Aksoy (1983). Our findings suggest that concentration ratio have positive effects on both wages and profits in Turkey’s manufacturing sector
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