{"id":"https://openalex.org/W7204494233","doi":"https://doi.org/10.26414/a672","title":"Macroeconomic Drivers of Industrial Performance in the Developing Eight (D-8) Countries","display_name":"Macroeconomic Drivers of Industrial Performance in the Developing Eight (D-8) Countries","publication_year":2026,"publication_date":"2026-08-27","ids":{"openalex":"https://openalex.org/W7204494233","doi":"https://doi.org/10.26414/a672"},"language":"en","primary_location":{"id":"doi:10.26414/a672","doi":"https://doi.org/10.26414/a672","is_oa":true,"landing_page_url":"https://doi.org/10.26414/a672","pdf_url":"https://tujise.org/uploads/2026/08/7_\u015eerif Canbay.pdf","source":{"id":"https://openalex.org/S4210237642","display_name":"TURKISH JOURNAL OF ISLAMIC ECONOMICS","issn_l":"2148-3809","issn":["2148-3809","2147-9054","2587-2303","2587-232X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310318298","host_organization_name":"Turkish Islamic Economists","host_organization_lineage":["https://openalex.org/P4310318298"],"host_organization_lineage_names":["Turkish Islamic Economists"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Turkish Journal of Islamic Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://tujise.org/uploads/2026/08/7_\u015eerif Canbay.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045748992","display_name":"\u015eerif Canbay","orcid":"https://orcid.org/0000-0001-6141-7510","observed_orcids":["https://orcid.org/0000-0001-6141-7510"]},"institutions":[{"id":"https://openalex.org/I54001450","display_name":"D\u00fczce \u00dcniversitesi","ror":"https://ror.org/04175wc52","country_code":"TR","type":"education","lineage":["https://openalex.org/I54001450"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"\u015eerif Canbay","raw_affiliation_strings":["D\u00fczce University"],"raw_orcid":"https://orcid.org/0000-0001-6141-7510","affiliations":[{"raw_affiliation_string":"D\u00fczce University","institution_ids":["https://openalex.org/I54001450"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5092347480","display_name":"Serkan \u015eeng\u00fcl","orcid":"https://orcid.org/0000-0001-9891-9477","observed_orcids":["https://orcid.org/0000-0001-9891-9477"]},"institutions":[{"id":"https://openalex.org/I4387154996","display_name":"Mudanya \u00dcniversitesi","ror":"https://ror.org/05khk0h97","country_code":"TR","type":"education","lineage":["https://openalex.org/I4387154996"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Serkan \u015eeng\u00fcl","raw_affiliation_strings":["Mudanya University"],"raw_orcid":"https://orcid.org/0000-0001-9891-9477","affiliations":[{"raw_affiliation_string":"Mudanya University","institution_ids":["https://openalex.org/I4387154996"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100764685","display_name":"Hakan Y\u0131ld\u0131z","orcid":"https://orcid.org/0000-0002-3611-2755","observed_orcids":["https://orcid.org/0000-0002-3611-2755"]},"institutions":[{"id":"https://openalex.org/I3125470973","display_name":"Istanbul Medipol University","ror":"https://ror.org/037jwzz50","country_code":"TR","type":"education","lineage":["https://openalex.org/I3125470973"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Hakan Y\u0131ld\u0131z","raw_affiliation_strings":["\u0130stanbul Medipol University"],"raw_orcid":"https://orcid.org/0000-0002-3611-2755","affiliations":[{"raw_affiliation_string":"\u0130stanbul Medipol University","institution_ids":["https://openalex.org/I3125470973"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"13","issue":"2","first_page":"170","last_page":"193"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.40630000829696655,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.40630000829696655,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.225600004196167,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.1444000005722046,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.7480000257492065},{"id":"https://openalex.org/keywords/manufacturing-industry","display_name":"manufacturing industry","score":0.8410000205039978},{"id":"https://openalex.org/keywords/industry-performance","display_name":"industrial performance","score":0.8880000114440918},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.9789999723434448},{"id":"https://openalex.org/keywords/urbanization","display_name":"urbanization","score":1.0},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.7419999837875366},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.9990000128746033},{"id":"https://openalex.org/keywords/defense-spending","display_name":"defense spending","score":0.9940000176429749},{"id":"https://openalex.org/keywords/agglomeration-economies","display_name":"agglomeration economies","score":0.9380000233650208},{"id":"https://openalex.org/keywords/structural-change","display_name":"structural change","score":0.9470000267028809},{"id":"https://openalex.org/keywords/industrial-policy","display_name":"industrial policy","score":0.5820000171661377}],"concepts":[{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.6967999935150146},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.6259999871253967},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5906000137329102},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.5630000233650208},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.4961000084877014},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.4948999881744385},{"id":"https://openalex.org/C162748667","wikidata":"https://www.wikidata.org/wiki/Q683131","display_name":"Generalized method of moments","level":3,"score":0.486299991607666},{"id":"https://openalex.org/C39853841","wikidata":"https://www.wikidata.org/wiki/Q161078","display_name":"Urbanization","level":2,"score":0.47029998898506165},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.44749999046325684},{"id":"https://openalex.org/C131850264","wikidata":"https://www.wikidata.org/wiki/Q383056","display_name":"Economies of agglomeration","level":2,"score":0.4426000118255615},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.44020000100135803},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.3589000105857849},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.3560999929904938},{"id":"https://openalex.org/C2988460067","wikidata":"https://www.wikidata.org/wiki/Q55639","display_name":"Manufacturing sector","level":2,"score":0.35109999775886536},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.3294999897480011},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.322299987077713},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.31949999928474426},{"id":"https://openalex.org/C87980944","wikidata":"https://www.wikidata.org/wiki/Q664112","display_name":"Industrial policy","level":2,"score":0.3176000118255615},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.3010999858379364},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3003999888896942},{"id":"https://openalex.org/C175700187","wikidata":"https://www.wikidata.org/wiki/Q187939","display_name":"Manufacturing","level":2,"score":0.2962999939918518},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2872999906539917},{"id":"https://openalex.org/C134632028","wikidata":"https://www.wikidata.org/wiki/Q6134482","display_name":"Sustainable growth rate","level":2,"score":0.27059999108314514},{"id":"https://openalex.org/C137996800","wikidata":"https://www.wikidata.org/wiki/Q762702","display_name":"Technological change","level":2,"score":0.26159998774528503}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.26414/a672","doi":"https://doi.org/10.26414/a672","is_oa":true,"landing_page_url":"https://doi.org/10.26414/a672","pdf_url":"https://tujise.org/uploads/2026/08/7_\u015eerif Canbay.pdf","source":{"id":"https://openalex.org/S4210237642","display_name":"TURKISH JOURNAL OF ISLAMIC ECONOMICS","issn_l":"2148-3809","issn":["2148-3809","2147-9054","2587-2303","2587-232X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310318298","host_organization_name":"Turkish Islamic Economists","host_organization_lineage":["https://openalex.org/P4310318298"],"host_organization_lineage_names":["Turkish Islamic Economists"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Turkish Journal of Islamic Economics","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:059c31e5538a49e196684a211058bcdc","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/059c31e5538a49e196684a211058bcdc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Turkish Journal of Islamic Economics, Vol 13, Iss 2, Pp 170-193 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.26414/a672","doi":"https://doi.org/10.26414/a672","is_oa":true,"landing_page_url":"https://doi.org/10.26414/a672","pdf_url":"https://tujise.org/uploads/2026/08/7_\u015eerif Canbay.pdf","source":{"id":"https://openalex.org/S4210237642","display_name":"TURKISH JOURNAL OF ISLAMIC ECONOMICS","issn_l":"2148-3809","issn":["2148-3809","2147-9054","2587-2303","2587-232X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310318298","host_organization_name":"Turkish Islamic Economists","host_organization_lineage":["https://openalex.org/P4310318298"],"host_organization_lineage_names":["Turkish Islamic Economists"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Turkish Journal of Islamic Economics","raw_type":"journal-article"},"sustainable_development_goals":[{"score":1.0,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"},{"score":1.0,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7204494233.pdf","grobid_xml":"https://content.openalex.org/works/W7204494233.grobid-xml"},"referenced_works_count":44,"referenced_works":["https://openalex.org/W309546943","https://openalex.org/W1504332049","https://openalex.org/W1551861636","https://openalex.org/W1591734399","https://openalex.org/W1598425514","https://openalex.org/W1912254998","https://openalex.org/W1928288768","https://openalex.org/W1973694254","https://openalex.org/W1979132028","https://openalex.org/W1995815888","https://openalex.org/W2001866606","https://openalex.org/W2019570797","https://openalex.org/W2023439453","https://openalex.org/W2025610165","https://openalex.org/W2040090533","https://openalex.org/W2041175506","https://openalex.org/W2043485663","https://openalex.org/W2056274775","https://openalex.org/W2076301377","https://openalex.org/W2085258606","https://openalex.org/W2090438200","https://openalex.org/W2107602191","https://openalex.org/W2128122789","https://openalex.org/W2138617773","https://openalex.org/W2142724885","https://openalex.org/W2157334852","https://openalex.org/W2162484441","https://openalex.org/W2473393763","https://openalex.org/W2804550739","https://openalex.org/W2891909481","https://openalex.org/W2895074583","https://openalex.org/W2906745098","https://openalex.org/W2910676585","https://openalex.org/W2963061197","https://openalex.org/W2963623633","https://openalex.org/W3040052421","https://openalex.org/W3094426276","https://openalex.org/W3123888140","https://openalex.org/W3159560659","https://openalex.org/W3169883332","https://openalex.org/W4206668382","https://openalex.org/W4251190930","https://openalex.org/W4391324277","https://openalex.org/W4391671330"],"related_works":["https://openalex.org/W7169847680","https://openalex.org/W7166360154","https://openalex.org/W7166816132","https://openalex.org/W2982021157","https://openalex.org/W3108719497","https://openalex.org/W7223368828","https://openalex.org/W7164248835","https://openalex.org/W2109409207","https://openalex.org/W3198375078","https://openalex.org/W4401289803"],"abstract_inverted_index":{"This":[0],"study":[1],"investigated":[2],"the":[3,7,11,76,106,121,152],"macroeconomic":[4],"determinants":[5],"of":[6,33,54,78,108],"manufacturing":[8,103],"sector":[9],"in":[10,166],"Developing":[12],"8":[13],"(D-8)":[14],"countries\u2014ie,":[15],"Bangladesh,":[16],"Egypt,":[17],"Indonesia,":[18],"Iran,":[19],"Malaysia,":[20],"Nigeria,":[21],"Pakistan,":[22],"and":[23,41,51,70,81,112,125,148],"T\u00fcrkiye\u2014using":[24],"annual":[25],"data":[26],"from":[27],"2011":[28],"to":[29,58,88,120,161],"2022.":[30],"The":[31,62],"effects":[32],"foreign":[34],"direct":[35],"investment":[36],"(FDI),":[37],"urbanization,":[38],"inflation,":[39],"unemployment,":[40],"defense":[42],"expenditures":[43],"were":[44],"analyzed":[45],"with":[46],"two-stage":[47],"least":[48],"squares":[49],"(2SLS)":[50],"generalized":[52],"method":[53],"moments":[55],"(GMM)":[56],"estimators":[57],"address":[59],"potential":[60,126],"endogeneity.":[61],"findings":[63],"revealed":[64],"that":[65,139],"urbanization":[66],"has":[67],"a":[68,99,135],"positive":[69],"significant":[71,136],"effect":[72,101],"on":[73,102,144],"manufacturing,":[74],"highlighting":[75,105],"role":[77],"agglomeration":[79],"economies":[80],"structural":[82,149],"transformation.":[83],"Inflation":[84],"was":[85],"also":[86],"found":[87],"support":[89],"industrial":[90,164],"production,":[91],"suggesting":[92],"demand-driven":[93],"dynamics.":[94],"In":[95],"contrast,":[96],"unemployment":[97],"exerts":[98],"negative":[100],"output,":[104],"importance":[107],"labor":[109],"market":[110],"efficiency":[111],"effective":[113],"resource":[114],"utilization.":[115],"Defense":[116],"expenditure":[117],"contributes":[118],"positively":[119],"sector,":[122],"reflecting":[123],"demand-side":[124],"technological":[127],"spillover":[128],"effects.":[129],"However,":[130],"FDI":[131],"did":[132],"not":[133],"exhibit":[134],"effect,":[137],"implying":[138],"its":[140],"effectiveness":[141],"might":[142],"depend":[143],"country-":[145],"specific":[146],"institutional":[147],"conditions.":[150],"Overall,":[151],"results":[153],"provide":[154],"important":[155],"insights":[156],"for":[157],"policy":[158],"makers":[159],"aiming":[160],"promote":[162],"sustainable":[163],"growth":[165],"D-8":[167],"countries.":[168]},"counts_by_year":[],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2026-08-28T00:00:00"}
