The Impact of Public Capital Stock on Regional Income in Turkey (Türkiye’de Kamu Sermaye Stokunun Bölgesel Çıktı Üzerine Etkileri)

Merve Siretli and Metin Karadag
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Merve Siretli: Ege University
Metin Karadag: Ege University

Business and Economics Research Journal, 2021, vol. 12, issue 3, 523-535

Abstract: The effects of public capital stock on reducing regional disparities and on regional economic growth process have been studied in the literature in recent years. Regarding Turkey, there are large disparities in regional growth rates and thus studying the effects of public capital stock on regional economic growth gains importance. Hence, the main aim of this study is to investigate the impact of public capital stock on regional economic growth. For the aim of the study, we use panel data analysis by using the data set for the time period 2007-2014 at NUTS-2 level. The study uses the real gross domestic product as a dependent variable and private capital stock, labor, public capital stock as an independent variable. The results of the study show that; public capital stock, private capital stock, and labor have a positive and significant effect on regional output. In addition, the results of the study show that; public capital stock increases regional output although the amounts are different for each NUTS-2 region.

Keywords: Public Capital Stock; Regional Economic Growth; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: H54 R10 R53 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0557

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