Money and productive efficiency -: Evidence from a high-inflation country

被引：2

作者：

Basci, Erdem ^{[1
]}

Mahmud, Syed F.

Yucel, Eray M.

机构：

[1] Cent Bank Turkey, Res & Monetary Policy Dept, Ankara, Turkey

[2] Bilkent Univ, Dept Econ, Ankara, Turkey

来源：

EMERGING MARKETS FINANCE AND TRADE | 2007年 / 43卷 / 01期

关键词：

high inflation; inventories; manufacturing; money demand by firms; stochastic frontier estimation; Turkey; RELATIVE PRICE VARIABILITY; REAL CASH BALANCES; UNITED-STATES; FRONTIER; LIQUIDITY; ECONOMY; MODEL;

D O I：

10.2753/REE1540-496X430103

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines how money balances held by manufacturing firms affect their efficiency in generating sales revenue in a high-inflation economy. The analysis employs data from Turkish firms to estimate a stochastic frontier model, finding a strong positive association between the firms' money holdings and their efficiency. However the role of money balances seems to diminish as firms hold higher raw material inventories.

引用

页码：64 / 73

页数：10

共 50 条

[31] Stock returns and inflation expectations: Evidence from 20 major countries [J].

Chiang, Thomas C. .

QUANTITATIVE FINANCE AND ECONOMICS, 2023, 7 (04) :538-568

[32] PUBLIC INFORMATION AND INFLATION EXPECTATIONS: MICROECONOMETRIC EVIDENCE FROM A NATURAL EXPERIMENT [J].

Carrillo, Paul E. ;

Emran, M. Shahe .

REVIEW OF ECONOMICS AND STATISTICS, 2012, 94 (04) :860-877

[33] Inflation aversion in transition countries: Empirical evidence from the Baltic States [J].

Berlemann, Michael .

ECONOMIC SYSTEMS, 2014, 38 (03) :415-432

[34] Does inflation bias stabilize real growth? Evidence from Pakistan [J].

Hayat, Zafar ;

Balli, Faruk ;

Rehman, Muhammad .

JOURNAL OF POLICY MODELING, 2018, 40 (06) :1083-1103

[35] The Role of Global and Domestic Shocks for Inflation Dynamics: Evidence from Asia [J].

Finck, David ;

Tillmann, Peter .

OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 2022, 84 (05) :1181-1208

[36] Institutional drivers of high-growth firms: country-level evidence from 26 transition economies [J].

Krasniqi, Besnik A. ;

Desai, Sameeksha .

SMALL BUSINESS ECONOMICS, 2016, 47 (04) :1075-1094

[37] School productive performance and technology gaps: New evidence from PISA 2018 [J].

Capasso, Salvatore ;

Kaisari, Maria ;

Kounetas, Konstantinos ;

Lainas, Elias .

ECONOMIC MODELLING, 2024, 131

[38] HOUSEHOLD MONEY DEMAND IN ROMANIA. EVIDENCE FROM COINTEGRATED VAR [J].

Ruxanda, Gheorghe ;

Muraru, Andreea .

TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY, 2011, 17 (02) :382-396

[39] On the causal link between money and output growth: Evidence from Turkey [J].

Kocaaslan, Ozge Kandemir .

IKTISAT ISLETME VE FINANS, 2014, 29 (339) :9-25

[40] The long-run validity of the monetary exchange rate model for a high inflation country and misalignment - The case of Turkey [J].

Civcir, I .

EMERGING MARKETS FINANCE AND TRADE, 2004, 40 (04) :84-100

← 1 2 3 4 5 →