Relationship Between Efficiency and Export: A Study on Firms Quoted on The Istanbul Stock Exchange (2008-2016)

Abstract

The relationship between firm level productivity and exports was examined by taking into consideration the data for the period of 2008-2016 of 98 firms quoted on the Istanbul Stock Exchange. In accordance with the theorem, it was researched whether the firms' exports affect the change in the productivity. In the model formed for this purpose, the labor productivity was used as the dependent variable, whereas the export was used as the explanatory variable. Fixed effects panel data method was used in this study. According to the results obtained, export affects positively the change in productivity of firms. Apart from export affecting productivity in the research, firm size as a control variable and crisis dummy was used to represent environmental factors. The change in the export level and the productivity was also tested.