Modeling and Estimation of Indirect Manufacturing Agregate Supply and Profit Functions

Mustafa Akal

Article Details

Modeling and Estimation of Indirect Manufacturing Agregate Supply and Profit Functions

Authors:

Mustafa Akal

Publisher:

Kocaeli University

Main Topics:

Mikro İktisat (Diğer)

Journal:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.1 Issue 47, pp.152-171

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001322944

pISSN:

1302-6658

Keywords:

Abstract:

 In this study, it has been shown that the total supply and profit curves of the manufacturing industry can be obtained as a function of commodity and factor prices and technology level. The manufacting agregate indirect supply and profit curves reached were estimated and evaluations were made. Both correlation analysis results and model estimation results have shown that the total supply and profit of the manufacturing industry, the level of technology, and commodity and factor prices are closely related. The coefficients of determination and F statistics of the estimated models were found to be significant. Therefore, it has been concluded that alternative manufacturing industry production and profit can be indirectly explained by the mentioned variables instead of physical production factors. According to Model1, when the average price of goods increases by 1, the manufacturing industry supply increases by 0.129, and according to Model2, when the average price of goods increases by 1, the manufacturing industry profit increases by 0.096. When the share of RD in GDP increases by 1, the manufacturing industry supply increases by 0.499 and its profit increases by 0.222. It has been found that a 1 increase in all variables increases the manufacturing industry supply by 1.86 in total and its profits by 1.209.

 In this study, it has been shown that the total supply and profit curves of the manufacturing industry can be obtained as a function of commodity and factor prices and technology level. The manufacting agregate indirect supply and profit curves reached were estimated and evaluations were made. Both correlation analysis results and model estimation results have shown that the total supply and profit of the manufacturing industry, the level of technology, and commodity and factor prices are closely related. The coefficients of determination and F statistics of the estimated models were found to be significant. Therefore, it has been concluded that alternative manufacturing industry production and profit can be indirectly explained by the mentioned variables instead of physical production factors. According to Model1, when the average price of goods increases by 1, the manufacturing industry supply increases by 0.129, and according to Model2, when the average price of goods increases by 1, the manufacturing industry profit increases by 0.096. When the share of RD in GDP increases by 1, the manufacturing industry supply increases by 0.499 and its profit increases by 0.222. It has been found that a 1 increase in all variables increases the manufacturing industry supply by 1.86 in total and its profits by 1.209.

 In this study, it has been shown that the total supply and profit curves of the manufacturing industry can be obtained as a function of commodity and factor prices and technology level. The manufacting agregate indirect supply and profit curves reached were estimated and evaluations were made. Both correlation analysis results and model estimation results have shown that the total supply and profit of the manufacturing industry, the level of technology, and commodity and factor prices are closely related. The coefficients of determination and F statistics of the estimated models were found to be significant. Therefore, it has been concluded that alternative manufacturing industry production and profit can be indirectly explained by the mentioned variables instead of physical production factors. According to Model1, when the average price of goods increases by 1, the manufacturing industry supply increases by 0.129, and according to Model2, when the average price of goods increases by 1, the manufacturing industry profit increases by 0.096. When the share of RD in GDP increases by 1, the manufacturing industry supply increases by 0.499 and its profit increases by 0.222. It has been found that a 1 increase in all variables increases the manufacturing industry supply by 1.86 in total and its profits by 1.209.

 Bu çalışmada imalat sanayi toplam arz ve kâr eğrilerinin mal ve faktör fiyatları ile teknoloji seviyesinin bir fonksiyonu olarak elde edilebileceği gösterilmiştir. Ulaşılan imalat sanayii toplam dolaylı arz ve kâr eğrileri tahmin edilmiş ve değerlendirmelerde bulunulmuştur. Gerek korelasyon analizi sonuçları gerekse model tahmin sonuçları imalat sanayii toplam arz ve kârı ile teknoloji seviyesinin, mal ve faktör fiyatlarının yakın ilişkili olduğunu göstermiştir. Tahmin edilen modellerin belirlilik katsayıları ve F istatistikleri anlamlı bulunmuştur. Dolayısıyla, alternatif imalat sanayii üretimi ve kârı fiziki üretim faktörleri yerine sözü edilen değişkenlerle dolaylı olarak açıklanabileceği sonucuna ulaşılmıştır. Model1e göre ortalama mal fiyatı 1 artınca imalat sanayi arzı  0.129, Model2ye göre kârın ortalama mal fiyatı 1 artınca imalat sanayi kârı  0.096 artar. ARGEnin GSYH payı 1 artınca imalat sanayi arzı 0.499, kârı da  0.222 kadar artar. Bütün değişkelerde 1lik bir artışın imalat sanayii arzını toplamda 1.86, kârını da  1.209 kadar artırdığı bulunmuştur.

Article Details

Modeling and Estimation of Indirect Manufacturing Agregate Supply and Profit Functions

Authors:

Mustafa Akal

Publisher:

Kocaeli University

Main Topics:

Mikro İktisat (Diğer)

Journal:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.1 Issue 47, pp.152-171

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001322944

pISSN:

1302-6658

manufacturing

supply

profit

estimation

model deductionimalat sanayii

arz

kar

model türetme

Issues

Article Details

Authors: Mustafa Akal

Publisher: Kocaeli University

Main Topics: Mikro İktisat (Diğer)

Journal: Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.1 Issue 47, pp.152-171

Document Type: Article

Publication Date: 8/2024

Document Language: Turkish

Document ID (Org No.): 2001322944

pISSN: 1302-6658

Issues

Authors:

Mustafa Akal

Publisher:

Kocaeli University

Main Topics:

Mikro İktisat (Diğer)

Journal:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.1 Issue 47, pp.152-171

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001322944

pISSN:

1302-6658