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Journals / Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2019 / Cilt: 0 - Sayı: 54

ELASTICITY OF SUBSTITUTION BETWEEN LABOR, CAPITAL AND ENERGY IN TURKEY: TRANSLOG PRODUCTION FUNCTION APPROACH

TÜRKİYE’DE EMEK, SERMAYE VE ENERJİ ARASINDAKİ İKAME ESNEKLİĞİ: TRANSLOG ÜRETİM FONKSİYONU YAKLAŞIMI

Mehmet SONGUR
Pages
114–137
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Elasticities of output followed a positive course throughout the period covered.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In addition to the traditional production factors, one of the most needed production input in the production process is energy.
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Key Findings & Data:For the analysis, it was utilized GDP, labor, capital, natural gas, oil and coal data for 1982-2014 period.
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Conclusion & Impact:Elasticities of output followed a positive course throughout the period covered.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Domain Parameters

Abstract

In addition to the traditional production factors, one of the most needed production input in the production process is energy. In particular, it is rather high the use of traditional or primary energy sources in the production process. The aim of this study is to predict the translog production function including energy consumption for Turkey. For the analysis, it was utilized GDP, labor, capital, natural gas, oil and coal data for 1982-2014 period. The prediction was made by the Ridge Regression method. Findings show that the elasticity of substitution between inputs is distributed at 1 level. Elasticities of output followed a positive course throughout the period covered.

Özet

Geleneksel üretim faktörlerinin yanı sıra üretim sürecinde en fazla ihtiyaç duyulan üretim girdilerinden birisi de enerjidir. Özellikle geleneksel ya da birincil enerji kaynaklarının üretim süreçlerinde kullanımı oldukça yoğundur. Bu çalışmanın amacı, enerji tüketimini içeren Translog Üretim Fonksiyonu’nu Türkiye için tahmin etmektir. Çalışmada 1982-2014 dönemine ait GSYH, emek, sermaye, doğalgaz, petrol ve kömür verilerinden yararlanılmıştır. Söz konusu tahmin Ridge Regresyon yöntemi ile gerçekleştirilmiştir. Elde edilen bulgular, girdiler arası ikame esnekliklerinin 1 düzeyinde dağıldığını göstermektedir. Çıktı esneklikleri ise, ele alınan dönem boyunca pozitif seyir izlemiştir.

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Cite This Article

SONGUR, M. (2022). ELASTICITY OF SUBSTITUTION BETWEEN LABOR, CAPITAL AND ENERGY IN TURKEY: TRANSLOG PRODUCTION FUNCTION APPROACH. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 0 - Sayı: 54, 114–137. https://ajindex.com/articles/503457

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