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Construction Industry And Economic Growth In The Republic Of Turkey

Author

Listed:
  • Sándor Nagy

    (University of Debrecen, Faculty of Economics, Debrecen, Hungary)

  • Ilhan Edin Yildirim

    (University of Debrecen, Faculty of Economics, Debrecen, Hungary)

Abstract

This article consist construction industry in Turkish Republic in various perspectives. First of all we will indicate about the history of the construction industry in Turkey and how an infant industry became World's second largest construction sector. We will mention their footsteps, obstacles, government supports and government relationships between the construction companies. We will also examine the business model agreement used by Turkish Government at inland constructions we will discuss positive and negative outcomes of this model. We will also comment the consequences of the strategic decision done by Turkish Government by choosing construction industry as a locomotive industry for economic and industrial growth. Finally we will argue efficiently of construction industry for sustainable economic growth and sustainable economic development.

Suggested Citation

  • Sándor Nagy & Ilhan Edin Yildirim, 2018. "Construction Industry And Economic Growth In The Republic Of Turkey," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 140-162, December.
    • Handle: RePEc:ora:journl:v:1:y:2018:i:2:p:140-162
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    File URL: http://anale.steconomiceuoradea.ro/volume/2018/n2/14.pdf
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    References listed on IDEAS

    as
    1. Wigren, Rune & Wilhelmsson, Mats, 2007. "Construction investments and economic growth in Western Europe," Journal of Policy Modeling, Elsevier, vol. 29(3), pages 439-451.
    2. Erol, Isil & Unal, Umut, 2015. "Role of Construction Sector in Economic Growth: New Evidence from Turkey," MPRA Paper 68263, University Library of Munich, Germany.
    3. Kwabena Asomanin Anaman & Charity Osei-Amponsah, 2007. "Analysis of the causality links between the growth of the construction industry and the growth of the macro-economy in Ghana," Construction Management and Economics, Taylor & Francis Journals, vol. 25(9), pages 951-961.
    4. Chan Swee Lean, 2001. "Empirical tests to discern linkages between construction and other economic sectors in Singapore," Construction Management and Economics, Taylor & Francis Journals, vol. 19(4), pages 355-363.
    5. Ko Wang & Yuqing Zhou & Su Han Chan & K. W. Chau, 2000. "Over-Confidence and Cycles in Real Estate Markets: Cases in Hong Kong and Asia," International Real Estate Review, Global Social Science Institute, vol. 3(1), pages 93-108.
    6. Chang, Tsangyao & Nieh, Chien-Chung, 2004. "A note on testing the causal link between construction activity and economic growth in Taiwan," Journal of Asian Economics, Elsevier, vol. 15(3), pages 591-598, June.
    7. Hakkı Kutay Bolkol, 2015. "Causal Relationship between Construction Production and GDP in Turkey," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 4(3), pages 42-53, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Deniz Güvercin, 2020. "Boundaries on Turkish export-oriented industrialization," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-15, December.

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    More about this item

    Keywords

    Turkish Republic; construction industry; government; business model;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L78 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Government Policy

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