@article{article_364652, title={The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry}, journal={Sosyoekonomi}, volume={26}, pages={185–200}, year={2018}, DOI={10.17233/sosyoekonomi.2018.03.10}, author={Güven, Aytekin and Akkoyunlu-wıgley, Arzu}, keywords={Uncertainty,Investment,Market Structure,Turkish Manufacturing Industry,Dynamic Panel Data Methods}, abstract={The broad aim of this study is to examine the impact of uncertainty on investment in Turkey. Our particular aim is to test Caballero’s (1991) theoretical claim that the negative relationship between investment and uncertainty is more pronounced in imperfectly competitive industries. With that aim in mind a panel of Turkish manufacturing industries for the years 1992-2001 is used to examine the effect of market structure on the investment-uncertainty relationship. Our estimation results show that uncertainty has a reductive effect on investment and that that effect becomes significantly stronger under imperfect competition conditions.}, number={37}, publisher={Sosyoekonomi Society}