İmalat Sektöründe Verimlilik ve Reel Ücret İlişkisi: Bir Koentegrasyon Analizi(Productivity and Real Wage Relationship in Manufacturing Sector: A Cointegration Analysis)

Abstract

The purpose of this study is to investigate the relationship between labor productivity and real wages in Turkish manufacturing sector. Cointegration analysis has been used in order to see the existence of long-run relationship between these two series. For short-run dynamics a vector error correction model (VECM) has been utilized. Impulse response functions have also been calculated to evaluate the behavior of the variables rigorously. The results primarly suggest that there is a long-run equilibrium relationship between labor productivity and real wages in the manufacturing sector.

Keywords

• Emek Verimliliği
• Reel Ücretler
• Koentegrasyon
• Labor Productivity
• Real Wages
• Cointegration