Journals / Anadolu Üniversitesi Sosyal Bilimler Dergisi / 2012 / Cilt: 12 - Sayı: 1

The effect of public investments on private sector investments in Turkey:1970-2009

Türkiye’de kamu yatırımlarının özel sektör yatırımları üzerindeki etkisi: 1970-2009

Pages
73–87
Publication Date
2022-10-11
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results, we obtained, show that the public investment has crowding in effect on private sector investment, that is an increase in public investments create also an increase in the private sector investments in the analysis period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, we analyze what kind of effect public investment has on private sector investment by employing unit root and cointegration tests, which allow a structural break between 1970-2009.
📊
Key Findings & Data:In this study, we analyze what kind of effect public investment has on private sector investment by employing unit root and cointegration tests, which allow a structural break between 1970-2009.
💡
Conclusion & Impact:The results, we obtained, show that the public investment has crowding in effect on private sector investment, that is an increase in public investments create also an increase in the private sector investments in the analysis period.
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, we analyze what kind of effect public investment has on private sector investment by employing unit root and cointegration tests, which allow a structural break between 1970-2009. The results, we obtained, show that the public investment has crowding in effect on private sector investment, that is an increase in public investments create also an increase in the private sector investments in the analysis period.

Özet

Bu çalışmada 1970-2009 yılları arasında Türkiye’de kamu yatırımlarının özel sektör yatırımları üzerinde ne türlü bir etkiye sahip olduğu yapısal değişime izin veren birim kök ve eşbütünleşme testleri aracılığıyla sınanmıştır. Elde edilen sonuçlar, bahsi geçen dönem zarfında kamu yatırımlarının özel yatırımlar üzerinde çekme etkisi olduğunu, yapılan kamu yatırımlarının özel yatırımları arttırdığını göstermektedir.

🔖

Cite This Article

YILANCI, V., CURAL, M., ERİÇOK, E. R. (2022). The effect of public investments on private sector investments in Turkey:1970-2009. Anadolu Üniversitesi Sosyal Bilimler Dergisi, Cilt: 12 - Sayı: 1, 73–87. https://ajindex.com/articles/438848

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (16)

  1. Álvarez, D. (2006). Is Public Investment Crowding- In Private Investment? A Review of the Relationship between Public and Private Investment in Puerto Rico, http://economia.uprrp.edu/ensayo131.pdf, (erişim tarihi 18.01.2011)
  2. Apergis, N. (2000). Public and Private Investments in Greece: Complementary or Substitute “Goods”?, Bulletin of Economic Research, 52(3):225-234.
  3. Aschauer, D. A. (1985).
  4. Fiscal Policy and Aggregate Demand, The American Economic Review, 75(1):117- 127. Aschauer, D. A. (1989a). Does public capital crowd out private capital?, Journal of Monetary Economics, 24(2):171-188.
  5. Aschauer, D. A. (1989b). Is public Expenditure Productive?, Journal of Monetary Economics, 23(2): 177-200.
  6. Atukeren, Erdal (2005). Interactions Between Public and Private Investment: Evidence from Developing Countries, KYKLOS, 58(3): 307-330.
  7. Badawi, A., (2003). “Private Capital Formation and Public Investment in Sudan: Testing The Substitutability and Complementarity Hypotheses in a Growth Framework” Journal of International Development, 15, 783-799
  8. Başar, S. ve Temurlenk, M. S. (2007). Investigating Crowding-Out Effect of Government Spending for Turkey: A Structural VAR Approach, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 21(2): 95-104. BDDK, (2010).
  9. Krizden İstikrara Türkiye Tecrübesi, Çalışma Tebliği, Gözden Geçirilmiş Üçüncü Baskı,
  10. Ankara.
  11. Brown, R. L., Durbin, J. ve Evans, J. M. (1975). Techniques for Testing the Constancy of Regression Relationships over Time, Journal of the Royal Statistical Society. Series B (Methodological), 37(2): 149-192.
  12. Buiter, W. (1997). Crowding-out And The Effectiveness of Fiscal Policy, Journal of Public Economics, 7(3): 309-328.
  13. Carrion-i-Silvestre, J. L.ve Sansó A. (2006). Testing The Null of Cointegration With Structural Breaks, Oxford Bulletin of Economics and Statistics, 68(5): 623-646.
  14. Cruz, B. O. ve Teixeira, J. R. (1999). The Impact of PublicIinvestment on Private Investment in Brazil 1947-1990, Cepal Review, 67: 77-84.
  15. De Gregorio, José. (1992).
  16. Economic Growth in Latin America, Journal of Development Economics, 39(1): 59-84. DPT. Dokuzuncu Kalkınma Planı 2007-2013, http:// ekutup.dpt.gov.tr/plan/plan9.pdf, (erişim tarihi 15.01.2011). DPT. Ekonomik ve Sosyal Göstergeler 1950-2006, http://goo.gl/eMsTF, (erişim tarihi: 15.01.2011). DPT. Temel Ekonomik Göstergeler (Ocak-Şubat 2010), http://goo.gl/a4WU1, (erişim tarihi: 15.01.2011). DPT. Uzun Vadeli Gelişmenin (2001-2023) ve VIII. Beş Yıllık Kalkınma Planının (2001-200