The impact of intangible assets on the productivity of manufacturing firms in Turkey

Gelişmiş ülkelerin deneyimlerine dayanarak, Ar-Ge harcamaları, imtiyaz, patent, lisans ve marka gibi haklardan oluşan maddi olmayan varlıkların, firmaların performansını etkileyen bilginin önemli bileşenlerini içerdikleri söylenebilir. Bu çalışmanın amacı, Türk imalat sanayii firmaları için sermaye girdilerinin firma üretkenliği üzerine etkilerini incelemektir. Çalışmada 2003-2012 yılları arasında, maddi ve maddi olmayan varlıkların, aynı zamanda muhtelif maddi olmayan varlıkların firmaların üretkenliği üzerindeki etkisi karşılaştırılmaktadır. Cobb-Douglas üretim fonksiyonuna ait esneklik katsayısı tahminleri, Genelleştirilmiş Momentler Yöntemi (GMM) ve Olley ve Pakes (1996) tarafından geliştirilen yarı parametrik bir tahmin yöntemi olmak üzere iki farklı ekonometrik yönteme dayanmaktadır. Yapılan analizlere göre maddi olmayan varlıklara yaptıkları yatırımları arttıran firmalarda azımsanmayacak üretkenlik artışları görülmektedir. Buna ek olarak, farklı maddi olmayan varlıkların üretime katkısı incelendiğinde, özellikle bilgisayar yazılımı ve patent hakları sermayesinin üretkenliğe güçlü katkısı öne çıkmaktadır.

Türkiye'de maddi olmayan varlıkların imalat sanayii firmalarının üretkenliği üzerindeki etkisi

As the experiences of industrialized economies have shown, "intangible capital" such as R&D expenses, patents, copyrights, franchises or licenses, and trademarks, represents a key component of the knowledge of firms that are crucial to their performance. The aim of this paper is to investigate the impact of capital inputs on productivity in Turkish manufacturing industry. Using firm-level data from 2003 to 2012, we compare the impact of tangibles and intangibles, as well as different types of intangibles on productivity. Our findings based on the estimation of a Cobb-Douglas production function by using Generalized Methods of Moments (GMM) and a semi-parametric estimation method proposed by Olley and Pakes (1996) show that firms with increasing level of expenditure for intangible assets experienced an increase in their productivity. In addition, the effect of intangible assets on productivity is especially significant for computer software and patent capital

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