Regional economic convergence in Turkey: Does the government really matter for?

Artikel

Solow (1956) has made an essential contribution to the Neo-classical growth approach through the economic convergence hypothesis. It assumes that poorer countries' or regions' per capita incomes tend to grow at faster rates than the richer ones. Convergence could occur either among a group of economies with the same steady states or within regions in which their fundamental dynamics differ, and thus they exhibit multiple steady states. This study aims to investigate convergence with respect to GDP per capita across NUTS 2 regions in Turkey for the time period 2004-2014. In the convergence process, we also inquire into role of government in terms of regional government investments and fixed investment incentives. All the empirical results confirm the validity of the convergence hypothesis at a regional level. Also, in the context of the convergence process, it is possible to conclude that the role of government is likely to be decisive in solving regional economic disparities.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economies ; ISSN: 2227-7099 ; Volume: 5 ; Year: 2017 ; Issue: 3 ; Pages: 1-16 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes ; Regional Government Analysis: General ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
• Thema: regional economic convergence ; regional incentives ; government investments ; regional economic disparities ; panel data analysis

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gömleksiz, Mustafa ; Şahbaz, Ahmet ; Mercan, Birol
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2017

Weitere Informationen

• DOI: doi:10.3390/economies5030027
• Handle: http://hdl.handle.net/10419/197029
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ