BibTex RIS Kaynak Göster
Yıl 2013, Cilt: 2 Sayı: 4, 128 - 146, 01.12.2013

Öz

Kaynakça

  • Atiyas, İ. (2009), Recent privatization experience of Turkey – A reappraisal, Turkey and the Global Economy – Neo-Liberal Restructuring and Integration in the Post-Crisis Era, Öniş , Ziya and Şenses, Fikret (eds.), London: Routledge, 101-122.
  • Barnett, S. (2000), Evidence on the Fiscal and Macroeconomic Impact of Privatization, IMF Working Paper, WP/00/130.
  • Barro, R.J. (2000), Inequality and growth in a panel of countries, Journal of Economic Growth 5: 5–32.
  • Benhabib, J., and M. Spiegel. (2000), The role of financial development in growth and investment, Journal of Economic Growth 5: 341–60.
  • Borensztein, E., J. De Gregorio, and J.W. Lee. (1998), How does foreign direct investment affect economic growth?, Journal of International Economics 45: 115–35.
  • Cook, P. & Uchida, Y. (2003), Privatization and economic growth in developing coutries, Journal of Development Studies, 39(6), 121-154
  • Davis, J., Ossowski, T. Richardson, and S. Barnett. (2000), Fiscal and Macroeconomic Impact of Privatization, IMF Occasional Papaer 194.
  • Dolenc, P. (2009), Privatization in a Post-Communist economy: are there any Macroeconomic Effects of Privatization in Slovenia?, East-West Journal of Economics and Business, Vol. XII – 2009, No 1. Enders, W. (2010), Applied Econometric Time Series, 3rd Edition, Wiley.
  • Engelbrecht, H. J. (2003), Human Capital and Economic Growth: Cross-Section Evidence for OECD Countries, Economic Record, No: 79(special issue), pp 74–84.
  • Engle R.F. and Granger C.W.J. (1987), Cointegration and Error Correction: Representation, Estimation and Testing, Econometrica, Vol 55, Issue 2, pp. 251-76.
  • Filipovice, A. (2005), Impact of privatization on economic growth, Issues in Political Economy, Volume 14. Granger, C.W.J. and Newbold, P. (1974), Spurious Regression in Econometrics, Journal of Econometrics 2, 111-120.
  • Granger, C.W.J. (1981), Some Properties of Time Series Data and Their Use in Econometric Model Specification, Journal of Econometrics 16 (1): 121–130.
  • Granger, C.W.J. (1986), Developments in the Study of Cointegrated Economic Variables, Oxford Bulletin of Economics and Statistics, Vol 48.
  • Gujarati, D. (2003), Basic econometrics, 4th ed. McGraw-Hill.
  • Katsoulakos, Y. And Likoyanni, E. (2002), Fiscal and Other Macroeconomic Effects of Privatization, Social Science Research Network Electronic Paper Collection.
  • Li, X., and X. Liu. (2005), Foreign direct investment and economic growth: An increasingly endogenous relationship, World Development 33: 393–407.
  • Mackenzie, G.A. (1998), The Macroeconomic Impact of Privatization, IMF Staff PapersNo.45. Washington D.C. International Monetary Fund.
  • Naguib, R.I., (2012), The Effects of Privatization and Foreign Direct Investment on Economic Growth in Argentina, The Journal of International Trade & Economic Development, Vol. 21, No. 1, 51-82.
  • Nunnenkamp, P., and J. Spatz. (2003), Foreign direct investment and economic growth in developing countries: How relevant are host-country and industry characteristics?, Keil Working Paper no. 1176, Keil Institute for World Economics, Germany.
  • Öniş, Z. (2011), Power, Interest and Coalitions: The Political Economy of Mass Privatization in Turkey, Third World Quarterly, Vol. 32, No.4
  • Palmer, M. C., (2010), The Turkish Privatization Experience, 1984 to 2009, Turkey Bridging Two Worlds, Lehigh University, Martindale Center, Vol. 28.
  • Phillips, P.C.B. (1986), Understanding Spurious Regression in Econometrics, Journal of Econometrics, Volume 33, Issue 3, pp. 311-340.
  • Phillips P.C.B. and Perron, P. (1988), Testing for a unit root in time series regression, Biometrica, 75, 2, pp. 335-46.
  • Plane, P., (1997), Privatization and Economic Growth: An Empirical Investigation from a sample of Developing Market Economies, Applied Economics, Vol. 29, No.2, pp.161-78.
  • Pritchet, L. (2001), Where Has All the Education Gone?, The World Bank Economic Review, Vol: 15, No: 3, pp. 367- 391.
  • Saygılı, Ş. and Cihan, C. (2008), Türkiye Ekonomisinin Büyüme Dinamikleri, TÜSİAD Yayın No:T/2008-06/462.
  • Sala-I-Martin, X. (1997), I Just Ran Four Million Regressions, NBER Working Paper 6252.
  • Yeldan, E. (2005), Assessing the Privatization Experience in Turkey: Implementation, Politics and Performance Results, Economic Policy Institute, Washington DC.
  • Zhang, K. (2001), How does foreign direct investment affect economic growth in China?, Economics of Transition 9: 679–93.

Macroeconomic Impacts of Privatization: The Case of Turkey

Yıl 2013, Cilt: 2 Sayı: 4, 128 - 146, 01.12.2013

Öz

State owned enterprises and privatization have long been a major economic concern for Turkey. The main philosophy of privatization is to confine the role of the state in the economy in the areas like health, basic education, social security, national defense, large scale infrastructure investments; provide legal and structural environment for free enterprise to operate and thus to increase the productivity and the value added to the economy. Originally the privatization ideology was based on economic efficiency of the private sector whereas inherently corrupt structure of the public sector. Over the course of time, main objective of privatization had shifted towards mainly revenue generation and financing of the public debt. The literature on privatization has emphasized the microeconomic aspects of privatization and especially concentrates on the efficiency gains. However, there is less empirical work about fiscal and macroeconomic impact of privatization. In this paper, we tried to investigate the relationship between the privatization revenue, capital stock, foreign direct investment, human capital, external debt, and economic growth. Although Turkey is a developing country with high growth rates in recent years, in the empirical analysis, no evidence of long run relationship between privatization revenue and economic growth has been detected

Kaynakça

  • Atiyas, İ. (2009), Recent privatization experience of Turkey – A reappraisal, Turkey and the Global Economy – Neo-Liberal Restructuring and Integration in the Post-Crisis Era, Öniş , Ziya and Şenses, Fikret (eds.), London: Routledge, 101-122.
  • Barnett, S. (2000), Evidence on the Fiscal and Macroeconomic Impact of Privatization, IMF Working Paper, WP/00/130.
  • Barro, R.J. (2000), Inequality and growth in a panel of countries, Journal of Economic Growth 5: 5–32.
  • Benhabib, J., and M. Spiegel. (2000), The role of financial development in growth and investment, Journal of Economic Growth 5: 341–60.
  • Borensztein, E., J. De Gregorio, and J.W. Lee. (1998), How does foreign direct investment affect economic growth?, Journal of International Economics 45: 115–35.
  • Cook, P. & Uchida, Y. (2003), Privatization and economic growth in developing coutries, Journal of Development Studies, 39(6), 121-154
  • Davis, J., Ossowski, T. Richardson, and S. Barnett. (2000), Fiscal and Macroeconomic Impact of Privatization, IMF Occasional Papaer 194.
  • Dolenc, P. (2009), Privatization in a Post-Communist economy: are there any Macroeconomic Effects of Privatization in Slovenia?, East-West Journal of Economics and Business, Vol. XII – 2009, No 1. Enders, W. (2010), Applied Econometric Time Series, 3rd Edition, Wiley.
  • Engelbrecht, H. J. (2003), Human Capital and Economic Growth: Cross-Section Evidence for OECD Countries, Economic Record, No: 79(special issue), pp 74–84.
  • Engle R.F. and Granger C.W.J. (1987), Cointegration and Error Correction: Representation, Estimation and Testing, Econometrica, Vol 55, Issue 2, pp. 251-76.
  • Filipovice, A. (2005), Impact of privatization on economic growth, Issues in Political Economy, Volume 14. Granger, C.W.J. and Newbold, P. (1974), Spurious Regression in Econometrics, Journal of Econometrics 2, 111-120.
  • Granger, C.W.J. (1981), Some Properties of Time Series Data and Their Use in Econometric Model Specification, Journal of Econometrics 16 (1): 121–130.
  • Granger, C.W.J. (1986), Developments in the Study of Cointegrated Economic Variables, Oxford Bulletin of Economics and Statistics, Vol 48.
  • Gujarati, D. (2003), Basic econometrics, 4th ed. McGraw-Hill.
  • Katsoulakos, Y. And Likoyanni, E. (2002), Fiscal and Other Macroeconomic Effects of Privatization, Social Science Research Network Electronic Paper Collection.
  • Li, X., and X. Liu. (2005), Foreign direct investment and economic growth: An increasingly endogenous relationship, World Development 33: 393–407.
  • Mackenzie, G.A. (1998), The Macroeconomic Impact of Privatization, IMF Staff PapersNo.45. Washington D.C. International Monetary Fund.
  • Naguib, R.I., (2012), The Effects of Privatization and Foreign Direct Investment on Economic Growth in Argentina, The Journal of International Trade & Economic Development, Vol. 21, No. 1, 51-82.
  • Nunnenkamp, P., and J. Spatz. (2003), Foreign direct investment and economic growth in developing countries: How relevant are host-country and industry characteristics?, Keil Working Paper no. 1176, Keil Institute for World Economics, Germany.
  • Öniş, Z. (2011), Power, Interest and Coalitions: The Political Economy of Mass Privatization in Turkey, Third World Quarterly, Vol. 32, No.4
  • Palmer, M. C., (2010), The Turkish Privatization Experience, 1984 to 2009, Turkey Bridging Two Worlds, Lehigh University, Martindale Center, Vol. 28.
  • Phillips, P.C.B. (1986), Understanding Spurious Regression in Econometrics, Journal of Econometrics, Volume 33, Issue 3, pp. 311-340.
  • Phillips P.C.B. and Perron, P. (1988), Testing for a unit root in time series regression, Biometrica, 75, 2, pp. 335-46.
  • Plane, P., (1997), Privatization and Economic Growth: An Empirical Investigation from a sample of Developing Market Economies, Applied Economics, Vol. 29, No.2, pp.161-78.
  • Pritchet, L. (2001), Where Has All the Education Gone?, The World Bank Economic Review, Vol: 15, No: 3, pp. 367- 391.
  • Saygılı, Ş. and Cihan, C. (2008), Türkiye Ekonomisinin Büyüme Dinamikleri, TÜSİAD Yayın No:T/2008-06/462.
  • Sala-I-Martin, X. (1997), I Just Ran Four Million Regressions, NBER Working Paper 6252.
  • Yeldan, E. (2005), Assessing the Privatization Experience in Turkey: Implementation, Politics and Performance Results, Economic Policy Institute, Washington DC.
  • Zhang, K. (2001), How does foreign direct investment affect economic growth in China?, Economics of Transition 9: 679–93.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Bölüm Articles
Yazarlar

Erkan Özata Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2013
Yayımlandığı Sayı Yıl 2013 Cilt: 2 Sayı: 4

Kaynak Göster

APA Özata, E. (2013). Macroeconomic Impacts of Privatization: The Case of Turkey. Journal of Business Economics and Finance, 2(4), 128-146.

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