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Major Public Enterprises in Turkey: 2005-2013

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  • S. Burcu AVCI

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Abstract

This paper presents an analysis of the roles and performances of the major public enterprises (MPEs) from energy, transportation, communication and construction sectors in Turkey between 2005 and 2013. The recent governmental policy towards the PEs presents differences based on sectors. The state is intentionally quitting agriculture, service and non- strategic manufacturing businesses, passing production to private sector. On the other hand, energy, transportation, communication and construction sectors are of great importance to the state: MPEs in these sectors are growing and among the biggest corporations in Turkey. This paper analyzes all PEs in these critical sectors, especially pays more attention to energy sector PEs due to sector’s rising importance over the economic development. The sectors to be quitted by the state are kept out of this study. There are common reasons assigning importance to energy, transportation, telecommunication, and energy sector MPEs. First, volatility in energy prices makes energy and transportation MPEs highly risky. Since energy sector is highly strategic and MPEs are exposed to exchange rate risk, there are problems in privatization activities. Transportation and communication sectors are other important ones for the government, mostly because of strategic reasons: Railways, airlines, coastal security services, and energy industry, broadcasting, governmental news agency, posting, satellite communications and cable TV systems, state TV and radio are operated by MPEs. The fraction of these MPEs contribution in GDP is increasing in the last years. Lastly, construction is a very special sector for Turkey: High growth rates are caught up by the growth in construction sector. Therefore, it is a strategic sector and government supports PEs in order to both expand the sector and also to provide low- budget housing for lower income groups.

Suggested Citation

  • S. Burcu AVCI, 2015. "Major Public Enterprises in Turkey: 2005-2013," Departmental Working Papers 2015-13, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2015-13
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    Keywords

    Public enterprises; Energy; Transportation; Telecommunication; Construction; Financial performance;

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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