Regional Variation In New Firm Formation In Turkey: Cross-Section And Panel Data Evidence

Esma Gaygisiz () and Miyase Yesim Koksal ()
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Esma Gaygisiz: Department of Economics, METU
Miyase Yesim Koksal: Department of Economics, METU

No 308, ERC Working Papers from ERC - Economic Research Center, Middle East Technical University

Abstract: Since the 1980s the promotion of the formation of new firms has been considered as one of the main policies in dealing with the problem of uneven regional economic development in many countries. The determination of regional characteristics that are influential on new firm formation is quite a bit essential to develop realistic and efficient policies to solve this problem. Turkey is one of the countries with a substantial variation in new firm formation across her regions which are also significantly diversified in terms of social and economic structures. In this context, the present study explores the variation in new firm formation in manufacturing sector across regions of Turkey and investigates the effects of regional characteristics on new firm formation. Furthermore, the study provides a comparison of the differences in regional variation in underlying firm birth processes between developed countries and Turkey as a representative of a developing country.

Keywords: Turkey; firm formation; regional dynamics (search for similar items in EconPapers)
JEL-codes: R11 R3 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2003-08, Revised 2003-08
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Citations: View citations in EconPapers (13)

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http://erc.metu.edu.tr/en/system/files/menu/series03/0308.pdf First version, 2003 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:met:wpaper:0308

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