International Liquidity, Financial Constraints and Private Investment in an Emerging Market Economy

Oner Guncvadi

MPRA Paper from University Library of Munich, Germany

Abstract: This article examines whether or not the recent surge in the availability of international liquidity helps Turkey revive private investment expenditure. Unlike previous studies, this paper indicates that an increased availability of financial resources after 2002 played a detrimental role in the recent recovery of private investment in Turkey.

Keywords: Private investment; financial constraints; international liquidity; Turkey (search for similar items in EconPapers)
JEL-codes: E22 E44 E62 (search for similar items in EconPapers)
Date: 2008-06-15
New Economics Papers: this item is included in nep-cwa and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:9620

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