THE EFFECTS OF INCENTIVES APPLIED IN THE ELECTRICITY PRODUCTION SECTOR ON ECONOMIC GROWTH: AN EMPIRİCAL ANALYSIS IN THE SAMPLE OF TURKEY

Feti Erbaş; Yaşar Köse; Rıza Bayrak

Makale detayları

THE EFFECTS OF INCENTIVES APPLIED IN THE ELECTRICITY PRODUCTION SECTOR ON ECONOMIC GROWTH: AN EMPIRİCAL ANALYSIS IN THE SAMPLE OF TURKEY

Yazarlar:

Feti Erbaş | Yaşar Köse | Rıza Bayrak

Yayıncı:

Burdur Mehmet Akif Ersoy University

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.10 Issue 2, pp.1295-1314

Belge Tipi:

Makale

Yayın Tarihi:

2/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001296710

pISSN:

2149-1658

Anahtar kelimeler:

Özet:

 The purpose of this study is to analyze the effects of investment incentives in the electricity sector on economic growth in Turkey. The data used in the study cover 60 quarters between 2005-2019. The dependent variable of the study is the gross domestic product, and the independent variables are the employment rate, gross fixed capital formation, and incentive amount. FMOLS, DOLS and CCR long-term estimators were used for the analysis of the data. According to the results of the analysis, the effects of employment and gross fixed capital formation on economic growth are observed positively; whereas the effect of incentives on economic growth is negative. The effect of employment on growth seemed to be greater than that of incentives. Therefore, it has been suggested to the policy-makers that it would be appropriate to determine the optimum amount of incentives triggering growth to prevent the crowding out of private-sector investments.

 The purpose of this study is to analyze the effects of investment incentives in the electricity sector on economic growth in Turkey. The data used in the study cover 60 quarters between 2005-2019. The dependent variable of the study is the gross domestic product, and the independent variables are the employment rate, gross fixed capital formation, and incentive amount. FMOLS, DOLS and CCR long-term estimators were used for the analysis of the data. According to the results of the analysis, the effects of employment and gross fixed capital formation on economic growth are observed positively; whereas the effect of incentives on economic growth is negative. The effect of employment on growth seemed to be greater than that of incentives. Therefore, it has been suggested to the policy-makers that it would be appropriate to determine the optimum amount of incentives triggering growth to prevent the crowding out of private-sector investments.

 The purpose of this study is to analyze the effects of investment incentives in the electricity sector on economic growth in Turkey. The data used in the study cover 60 quarters between 2005-2019. The dependent variable of the study is the gross domestic product, and the independent variables are the employment rate, gross fixed capital formation, and incentive amount. FMOLS, DOLS and CCR long-term estimators were used for the analysis of the data. According to the results of the analysis, the effects of employment and gross fixed capital formation on economic growth are observed positively; whereas the effect of incentives on economic growth is negative. The effect of employment on growth seemed to be greater than that of incentives. Therefore, it has been suggested to the policy-makers that it would be appropriate to determine the optimum amount of incentives triggering growth to prevent the crowding out of private-sector investments.

 Bu çalışmanın amacı, Türkiyede elektrik enerjisi üretim sektöründe uygulanan yatırım teşviklerinin ekonomik büyümeye etkilerini analiz etmektir. Çalışmada kullanılan veriler 2005-2019 yılları arasındaki 60 çeyrek dönemi kapsamaktadır. Çalışmanın bağımlı değişkeni gayrisafi yurtiçi hâsıla, bağımsız değişkenleri ise istihdam oranı, gayrisafi sabit sermaye Oluşumu ve verilen teşvik miktarıdır. Verilerin analizinde zaman serileri analizi yöntemlerinden FMOLS, DOLS ve CCR uzun dönem tahmincileri kullanılmıştır. Analiz bulguları çerçevesinde; istihdam ve gayrisafi sabit sermaye oluşumunun büyüme üzerindeki etkisi pozitif yönde gözlenirken; teşviklerin ekonomik büyüme üzerindeki etkisinin ise negatif yönde olduğu tespit edilmiştir. Bunula birlikte istihdamın büyüme üzerindeki etkisi, teşviklere göre daha büyüktür. Bu noktada karar vericilere, özel sektör yatırımlarının dışlanmasını önlemek amacıyla, büyümeyi uyaran teşviklerin optimum değerinin tespit edilmesinin uygun olacağı tavsiye edilmiştir.

Makale detayları

THE EFFECTS OF INCENTIVES APPLIED IN THE ELECTRICITY PRODUCTION SECTOR ON ECONOMIC GROWTH: AN EMPIRİCAL ANALYSIS IN THE SAMPLE OF TURKEY

Yazarlar:

Feti Erbaş | Yaşar Köse | Rıza Bayrak

Yayıncı:

Burdur Mehmet Akif Ersoy University

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.10 Issue 2, pp.1295-1314

Belge Tipi:

Makale

Yayın Tarihi:

2/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001296710

pISSN:

2149-1658

Electricity Investment Incentives

FMOLS

DOLS

CCR

Economic GrowthElektrik Enerjisi Yatırım Teşvikleri

FMOLS

DOLS

CCR

Ekonomik Büyüme

Sayı

Makale detayları

Yazarlar: Feti Erbaş | Yaşar Köse | Rıza Bayrak

Yayıncı: Burdur Mehmet Akif Ersoy University

Dergi: Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.10 Issue 2, pp.1295-1314

Belge Tipi: Makale

Yayın Tarihi: 2/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001296710

pISSN: 2149-1658

Sayı

Yazarlar:

Feti Erbaş | Yaşar Köse | Rıza Bayrak

Yayıncı:

Burdur Mehmet Akif Ersoy University

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.10 Issue 2, pp.1295-1314

Belge Tipi:

Makale

Yayın Tarihi:

2/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001296710

pISSN:

2149-1658