Liberalization and concentration: Case of Turkey

The paper attempts to evaluate the liberalization program in terms of its degree of success in achieving competition. The analysis is limited to sellers’ concentration ratio in manufacturing. There is a decline in concentration ratio in manufacturing following liberalization measures taken during the post-1980 period. Considering the degree of the success in such targets as low and stable inflation, and high and sustainable growth, the modest decrease in the concentration ratio appears to be a real success. This decrease looks even better if one considers resources devoted to various targets in the economy.