Resource Misallocation in Turkey
This paper examines resource misallocation within narrow industries in Turkey. It finds that resource misallocation in Turkey is substantial. The hypothetical gain from moving to "U.S. efficiency" is 24.5 percent of manufacturing total fa...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/08/26633258/resource-misallocation-turkey http://hdl.handle.net/10986/24861 |
| Summary: | This paper examines resource
misallocation within narrow industries in Turkey. It finds
that resource misallocation in Turkey is substantial. The
hypothetical gain from moving to "U.S. efficiency"
is 24.5 percent of manufacturing total factor productivity
in 2014. The evolution of resource misallocation over time
and across disaggregated sectors is also examined.
Improvement in allocative efficiency was sizable between
2003 and 2013, but significantly slower after 2007. However,
the earlier trend reversed in 2014 and resource
misallocation worsened in Turkey's manufacturing. The
cross-sector analysis reveals that misallocation is most
pronounced in textiles, transport, food, and leather. |
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