THE EFFECT OF PUBLIC INVESTMENTS ON PRIVATE SECTOR INVESTMENTS IN TURKEY:1970-2009

Mehmet Cural, Recep Emre Ericok and Veli Yilanci

Anadolu University Journal of Social Sciences, 2012, vol. 12, issue 1, 73-88

Abstract: In this study, we analyze what kind of effect public investment has on private sector investment by employing unit root and cointegration tests, which allow a structural break between 1970-2009. The results, we obtained, show that the public investment has crowding in effect on private sector investment, that is an increase in public investments create also an increase in the private sector investments in the analysis period.

Keywords: Public investment; private investment; crowding out effect; crowding in effect; structural change. (search for similar items in EconPapers)
JEL-codes: C22 C32 H40 H54 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:12:y:2012:i:1:p:73-88

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