@article{article_327051, title={A KEYNESIAN (TOBIN’S Q) INVESTMENT FUNCTION FOR THE TURKISH PRIVATE INVESTMENT AND THE COMPLEMENTARITY OF PUBLIC AND PRIVATE CAPITALt}, journal={Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi}, volume={18}, pages={197–208}, year={2000}, author={Arslan, Metin}, keywords={Public capital expenditure,private capital,fiscal poiicy,crowding out}, abstract={<p style="margin-top:0cm;margin-right:41.15pt;margin-bottom:11.65pt;margin-left:35.5pt;text-indent:16.4pt;line-height:108%;"> <span lang="en-us" style="font-size:10pt;line-height:108%;" xml:lang="en-us">This paper
has two main aims. First. it attempts to test a Keynesian (Tobin’s q)
investment function for the Turkish private sector within a dynamic stochastic
model framework between the years 1963-85. Second it sets out to compare its
results with those of-a previous Neoclassical </span> <span lang="en-us" xml:lang="en-us"> </span> <span lang="en-us" style="font-size:10pt;line-height:108%;" xml:lang="en-us">work of a
similar track, and concludes that it is the phenomenon of the composition of
pubfic capita) rather than Its method of finance which </span> <span lang="en-us" xml:lang="en-us"> </span> <span lang="en-us" style="font-size:10pt;line-height:108%;" xml:lang="en-us">explains
private capital accumulation in the Turkish context. </span> </p>}, number={2}, publisher={Hacettepe University}