The spillover effects of public capital on the Turkish private manufacturing industries in the geographical regions
Makaleler > Tam Makale · 2008
Yazarlar: ERTUĞRUL DELİKTAŞ, Asiye Özlem ÖNDER, Metin KARADAĞ
ANNALS OF REGIONAL SCIENCE, SCI Expanded İndekslerine Giren Dergi, Uluslararası, 2008, cilt 43, ss 365-378
DOI: 10.1007/s00168-008-0220-4
Özet
This paper investigates the spillover effects of public capital formation on the Turkish private manufacturing industry at the regional level over the period 1980-2000. The aggregate effects of public capital cannot be captured entirely from the direct effects of public capital installed in the region itself. Spillovers are also an integral part of the regional impact of public capital installed in the outside of the region. Therefore, we estimate the dynamic effects of public capital using VAR models for the seven regions of Turkey by including capital formation installed outside of the region. The results show that direct effects of public capital are positive in some regions, while indirect effects of public capital are positive in most regions.