The State of Property Development in Turkey: Facts and Comparisons

Arbeitspapier

Turkey has been going through a profound urban renewal process in the past decade, mainly based on a policy where public land is rapidly commodified by the state and used for construction projects through public-private partnerships. To some, this mechanism of state-led property development defines a new era in Turkish political economy and that the government shifted away from its earlier economic orientation defined by a commitment to structural reforms and production of exportable goods. Yet others deny the existence of such a shift and highlight that the growth rate in Turkey's construction sector is not above global trends. Despite profound public interest in the topic, empirical studies that investigate the subject remain limited. This paper aims to make a contribution in this regard and investigates how the sectoral decomposition of GDP has changed in recent years, with an emphasis on the construction and industrial sectors.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 1503

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Demiralp, Seda ; Demiralp, Selva ; Gümüş, İnci
• Event: Veröffentlichung
• (who): Koç University-TÜSİAD Economic Research Forum (ERF)
• (where): Istanbul
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/108668
• Last update: 10.03.2025, 11:41 AM CET