A Disaggregate Analysis of Profit Rates in Turkish Manufacturing

This study analyzes profit rate trends in Turkish manufacturing at the subsectoral level during the period from 1970 to 2000. Previous studies provide profit rates only at the aggregate level due to a lack of subsectoral capital stock data availability. Generating capital stock series, the author calculates the profit rates for selected subsectors. Applying Weisskopf's method, changes in the profit rate are decomposed, and evidence is found for a rising significance of conflict-based factors over “environmental†factors.