TY  - JOUR
T1  - PRIVATIZATION VERSUS DEBT STOCK : A PRELIMINARY  ANALYSIS ON TURKEY
TT  - PRIVATIZATION VERSUS DEBT STOCK : A PRELIMINARY  ANALYSIS ON TURKEY
AU  - Kuştepeli, Yeşim
AU  - Gülcan, Yaprak
PY  - 2003
DA  - November
JF  - Akdeniz İİBF Dergisi
PB  - Akdeniz University
WT  - DergiPark
SN  - 1302-9975
SP  - 44
EP  - 53
VL  - 3
IS  - 6
LA  - tr
KW  - Privatization
KW  - debt stock
KW  - public investment
KW  - private investment
N2  - Large-scale privatization efforts began to have an important place in  governments’ economic programs in many countries in the last two decades  including Turkey. The main goal of privatization is to put an end to the  inefficiencies of the state owned enterprises by freeing the resources of this  huge organism to enhance the living standards of the people. A successful  privatization process requires supportive market environment with four  essential elements of macroeconomic stability, hard budget constraints,  competitive markets, and adequate property rights. This study focuses on  the hard budget constraint and investigates whether the Turkish government  substitutes privatization revenue for the debt stock or not.
UR  - https://dergipark.org.tr/en/pub/auiibfd/issue//744037
L1  - https://dergipark.org.tr/en/download/article-file/1123254
ER  -