IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Financial determinants of private investment in Turkey An Euler Equation Approach to Time Series

Listed author(s):
  • Oner Guncavdi


    (Istanbul. Technical University)

  • Michael Bleaney

    (University of Nottingham)

  • Andrew McKay

    (University of Bath)

Este trabajo emplea un modelo dinamico de inversion derivado de maximizar el valor presente del flujo de efectivo intertemporal de una empresa representativa sujeta a imperfecciones de mercado, restricciones de prestamos de capital, y ajustes de costos de capital. El modelo es usado para probar el rol de las imperfecciones del mercado de capital antes y despues de la liberalizacion financiera llevada a cabo en Turquia. Los resultados demuestran el importante rol de restricciones crediticias en la determinacion del gasto en inversion privada y muestran que las reformas financieras de principios de la decada de 1980 no han relajado estas restricciones de manera significativa.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

File URL:
Download Restriction: no

Article provided by Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia. in its journal EconoQuantum, Revista de Economia y Negocios.

Volume (Year): 2 (2006)
Issue (Month): 2 (Enero-Junio)
Pages: 71-88

in new window

Handle: RePEc:qua:journl:v:2:y:2006:i:2:p:71-88
Contact details of provider: Postal:
636 6270

Phone: 636 6270
Fax: 633 6975
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Mustafa Ismihan & Kivilcim Metin-Ozcan & Aysit Tansel, 2005. "The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963-1999," Applied Economics, Taylor & Francis Journals, vol. 37(2), pages 239-251.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:qua:journl:v:2:y:2006:i:2:p:71-88. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sandra Ivett Portugal Padilla)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.