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Türkiye’de Kamu Yatırım Harcamalarının Özel Sektör Yatırım Üzerindeki Etkisi
[The Effec of Public Investment Expenditure on Private Investment in Turkey]

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  • Ebghaei, Felor

Abstract

In this research, the effect of the Turkey’s government’s expenditures on private sector’s investment during the period between 1980 to 2012 has been investigated. In order to extract reliable results from econometric models, it has been studied Stationarity and Non-Stationarity of time series. Therefore, the Augmented Dickey-Fuller (ADF) unit root test and Johansen test has been implemented in order to determine the Cointegration Vectors. The results of the Cointegration Vectors derived from the Johansen method indicates that government investment expenditures have complimentary effects on the private investment expenditures.

Suggested Citation

  • Ebghaei, Felor, 2013. "Türkiye’de Kamu Yatırım Harcamalarının Özel Sektör Yatırım Üzerindeki Etkisi [The Effec of Public Investment Expenditure on Private Investment in Turkey]," MPRA Paper 77896, University Library of Munich, Germany, revised Mar 2017.
    • Handle: RePEc:pra:mprapa:77896
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    References listed on IDEAS

    as
    1. Barro, Robert J, 1981. "Output Effects of Government Purchases," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1086-1121, December.
    2. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September.
    3. Buiter, Willem H., 1977. "`Crowding out' and the effectiveness of fiscal policy," Journal of Public Economics, Elsevier, vol. 7(3), pages 309-328, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Private Sector’s Investment; Government Investment Expenditure; Cointegration;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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