IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The Role Of Development Banking In Promoting Industrialization In Turkey

  • Hüseyin ÖZTÜRK

    ()

    (International Capital Market Department, Republic of Turkey)

  • Derya GULTEKIN-KARAKAS

    ()

    (Faculty of Management, Istanbul Technical University)

  • Mehtap HISARCIKLILAR

    ()

    (Faculty of Management, Istanbul Technical University)

Registered author(s):

    Development banks are influential institutions in financing development. Since their establishment back in the 19th century, development banks have played a leading role in supporting development in many countries. Despite the liberalization process of the 1980s and 1990s, development banks have continued to play an active role in financing development in the case of many countries. In the Turkish case, the performance of development banking in supporting development has varied over time. However, one feature has remained constant: development and investment credits did not contribute to the alleviation of regional imbalances even during the period of import substituting industrialization from the 1960s to 1979. Moreover, total fixed capital investments, which are the raison d’être for development banking in Turkey, have been mainly financed by commercial banks. Given the severe recession in the global economy, the development banks in Turkey may play a leading role in financing industrial and social projects. Résumé - Les Banques de développement ont joué un rôle majeur dans le finan-cement du développement dans certains pays depuis leur création au 19ème siècle. Dans le cas de la Turquie, cet appui au développement a varié dans le temps. Cependant, une caractéristique n’a pas changé : les crédits à l’inves-tissement ne contribuent pas à l’atténuation des déséquilibres régionaux, même pendant la période d’industrialisation par substitution aux importations entre les années 1960 et 1979. En outre, les investissements en capital fixe, qui sont pourtant la raison d’être des banques de développement en Turquie, ont été principalement financés par les banques commerciales. Avec la grave récession de l’économie mondiale en 2009, les banques de développement en Turquie pourraient jouer un rôle important dans le financement du secteur industriel et des projets sociaux.

    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: http://region-developpement.univ-tln.fr/fr/pdf/R32/%5B6%5D%20Ozturk.pdf
    Download Restriction: no

    Article provided by Region et Developpement, LEAD, Universite du Sud - Toulon Var in its journal Région et Développement.

    Volume (Year): 32 (2010)
    Issue (Month): ()
    Pages: 153-178

    as
    in new window

    Handle: RePEc:tou:journl:v:32:y:2010:p:153-178
    Contact details of provider: Web page: http://regionetdeveloppement.org/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    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:tou:journl:v:32:y:2010:p:153-178. 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: (Christophe Van Huffel)

    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.