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Izvorni znanstveni članak
https://doi.org/10.3326/pse.42.2.10

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

Gökçen Yilmaz   ORCID icon orcid.org/0000-0002-6187-9130 ; Sinop University, School of Economics, Boyabat/Sinop, Turkey

Puni tekst: engleski, pdf (540 KB) str. 187-214 preuzimanja: 187* citiraj
APA 6th Edition
Yilmaz, G. (2018). Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001. Public Sector Economics, 42 (2), 187-214. https://doi.org/10.3326/pse.42.2.10
MLA 8th Edition
Yilmaz, Gökçen. "Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001." Public Sector Economics, vol. 42, br. 2, 2018, str. 187-214. https://doi.org/10.3326/pse.42.2.10. Citirano 23.09.2020.
Chicago 17th Edition
Yilmaz, Gökçen. "Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001." Public Sector Economics 42, br. 2 (2018): 187-214. https://doi.org/10.3326/pse.42.2.10
Harvard
Yilmaz, G. (2018). 'Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001', Public Sector Economics, 42(2), str. 187-214. https://doi.org/10.3326/pse.42.2.10
Vancouver
Yilmaz G. Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001. Public Sector Economics [Internet]. 2018 [pristupljeno 23.09.2020.];42(2):187-214. https://doi.org/10.3326/pse.42.2.10
IEEE
G. Yilmaz, "Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001", Public Sector Economics, vol.42, br. 2, str. 187-214, 2018. [Online]. https://doi.org/10.3326/pse.42.2.10

Sažetak
The 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.

Ključne riječi
public investment; health; education; infrastructure; economic growth; optimal allocation; Turkey

Hrčak ID: 200991

URI
https://hrcak.srce.hr/200991

Posjeta: 323 *