Composition of public investment and economic growth: Evidence from Turkish provinces, 1975-2001

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dc.contributor.authorYilmaz, Gökçen
dc.date.accessioned2025-03-23T19:17:09Z
dc.date.available2025-03-23T19:17:09Z
dc.date.issued2018
dc.departmentSinop Üniversitesi
dc.description.abstractThe relationship between public expenditure and economic growth is one of the central topics in economics literature, and an extensive body of knowledge has accumulated around it. The current consensus is that infrastructure, education and health are the types of public services that are likely to contribute to economic growth. Still, the question of how public resources should be allocated among them remains unanswered. This paper, benefiting from an endogenous growth model that is useful in the identification of the optimal allocation of public resources, analyses the growth effect of the composition of public investment in Turkey using a dataset for the years between 1975 and 2001. Results indicate that, between these years, the government overinvested in transportation and communication services and underinvested in energy infrastructure, education, health, and city infrastructure and security services. There is further evidence that public policy led to an underinvestment in energy infrastructure in these years. The scope of the analysis is confined by the limitations of the economic model. Additionally, the robustness of the results depends on the assumption that public policy is exogenous in the model. © 2018 Institute of Public Finance.
dc.identifier.doi10.3326/pse.42.2.10
dc.identifier.endpage213
dc.identifier.issn2459-8860
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85048066713
dc.identifier.scopusqualityQ4
dc.identifier.startpage187
dc.identifier.urihttps://doi.org/10.3326/pse.42.2.10
dc.identifier.urihttps://hdl.handle.net/11486/4286
dc.identifier.volume42
dc.indekslendigikaynakScopus
dc.institutionauthorYilmaz, Gökçen
dc.language.isoen
dc.publisherInstitute of Public Finance
dc.relation.ispartofPublic Sector Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_Scopus_20250323
dc.subjectEconomic growth
dc.subjectEducation
dc.subjectHealth
dc.subjectInfrastructure
dc.subjectOptimal allocation
dc.subjectPublic investment
dc.subjectTurkey
dc.titleComposition of public investment and economic growth: Evidence from Turkish provinces, 1975-2001
dc.typeArticle

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