Determining Factors of Private Investments: An Empirical Analysis for Turkey

Kadir KARAGÖZ

Makale detayları

Determining Factors of Private Investments: An Empirical Analysis for Turkey

Yazarlar:

Kadir KARAGÖZ

Yayıncı:

Sosyoekonomi Society

Dergi:

Sosyoekonomi 2010 Vol.11 Issue 11

Belge Tipi:

Makale

Yayın Tarihi:

5/2010

Belge Dili:

İngilizce

Document ID (Org No.):

2000624627

Sıklık:

Üç Aylık

pISSN:

1305-5577

Özet:

 

Private investment plays a pivotal role in the free market economy. In the contemporary economic thinking private sector has a weighty and important place in the investment and production based growth. Considering the multifaceted nature of private investments, determining the factors which have effects on private investments gain importance. This paper aims to determine the factors which affect private investments in long-run in Turkey. To this end, the long-run private investment equation is estimated via bounds test (ARDL) approach to co-integration. Estimated coefficients of the variables show that in the long-run real GDP, real exchange rate, ratio of private sector credit to GDP, private external debt, inflation, and trade openness have a significant impact on private investments.

 

Private investment plays a pivotal role in the free market economy. In the contemporary economic thinking private sector has a weighty and important place in the investment and production based growth. Considering the multifaceted nature of private investments, determining the factors which have effects on private investments gain importance. This paper aims to determine the factors which affect private investments in long-run in Turkey. To this end, the long-run private investment equation is estimated via bounds test (ARDL) approach to co-integration. Estimated coefficients of the variables show that in the long-run real GDP, real exchange rate, ratio of private sector credit to GDP, private external debt, inflation, and trade openness have a significant impact on private investments.

Makale detayları

Determining Factors of Private Investments: An Empirical Analysis for Turkey

Yazarlar: Kadir KARAGÖZ

Yayıncı: Sosyoekonomi Society

Dergi: Sosyoekonomi 2010 Vol.11 Issue 11

Belge Tipi: Makale

Yayın Tarihi: 5/2010

Belge Dili: İngilizce

Document ID (Org No.): 2000624627

Sıklık: Üç Aylık

pISSN: 1305-5577

Sayı

Yazarlar:

Kadir KARAGÖZ

Yayıncı:

Sosyoekonomi Society

Dergi:

Sosyoekonomi 2010 Vol.11 Issue 11

Belge Tipi:

Makale

Yayın Tarihi:

5/2010

Belge Dili:

İngilizce

Document ID (Org No.):

2000624627

Sıklık:

Üç Aylık

pISSN:

1305-5577