Yıl 2018, Cilt 26, Sayı 37, Sayfalar 185 - 200 2018-07-31

The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry
Piyasa Yapısının Belirsizlik-Yatırım İlişkisi Üzerindeki Etkileri: Türk İmalatSanayiinden Bulgular

Aytekin GÜVEN [1] , Arzu AKKOYUNLU-WIGLEY [2]

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The broad aim of this study is to examine the impact of uncertainty on investment in Turkey. Our particular aim is to test Caballero’s (1991) theoretical claim that the negative relationship between investment and uncertainty is more pronounced in imperfectly competitive industries. With that aim in mind a panel of Turkish manufacturing industries for the years 1992-2001 is used to examine the effect of market structure on the investment-uncertainty relationship. Our estimation results show that uncertainty has a reductive effect on investment and that that effect becomes significantly stronger under imperfect competition conditions.
Bu çalışmanın genel amacı belirsizliğin yatırımlar üzerindeki etkilerini Türkiye için incelemektir. Özel amacımız ise Caballero (1991)’nun belirsizlik ile yatırım arasındaki negatif ilişkinin eksik rekabet koşullarında daha belirgin olacağı iddiasını test etmektir. Bu amaç doğrultusunda, belirsizlik-yatırım ilişkisinde piyasa yapısının etkisini inceleyebilmek için 1992-2001 dönemine ait Türk imalat sanayiinden elde edilen panel veriler kullanılmıştır. Sonuçlarımız belirsizliğin yatırımlar üzerinde azaltıcı etkisinin olduğunu ve bu azaltıcı etkinin eksik rakebet koşulları altında daha güçlü olduğunu göstermektedir.
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Birincil Dil en
Konular Sosyal ve Beşeri Bilimler
Yayımlanma Tarihi Temmuz
Dergi Bölümü Makaleler
Yazarlar

Orcid: 0000-0003-1541-7434
Yazar: Aytekin GÜVEN (Sorumlu Yazar)
Kurum: Abant İzzet Baysal Üniversitesi
Ülke: Turkey


Orcid: 0000-0002-2057-1439
Yazar: Arzu AKKOYUNLU-WIGLEY
Kurum: Hacettepe University
Ülke: Turkey


Bibtex @araştırma makalesi { sosyoekonomi364652, journal = {Sosyoekonomi}, issn = {1305-5577}, address = {Sosyoekonomi Derneği}, year = {2018}, volume = {26}, pages = {185 - 200}, doi = {10.17233/sosyoekonomi.2018.03.10}, title = {The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry}, key = {cite}, author = {GÜVEN, Aytekin and AKKOYUNLU-WIGLEY, Arzu} }
APA GÜVEN, A , AKKOYUNLU-WIGLEY, A . (2018). The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry. Sosyoekonomi, 26 (37), 185-200. DOI: 10.17233/sosyoekonomi.2018.03.10
MLA GÜVEN, A , AKKOYUNLU-WIGLEY, A . "The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry". Sosyoekonomi 26 (2018): 185-200 <http://dergipark.gov.tr/sosyoekonomi/issue/38370/364652>
Chicago GÜVEN, A , AKKOYUNLU-WIGLEY, A . "The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry". Sosyoekonomi 26 (2018): 185-200
RIS TY - JOUR T1 - The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry AU - Aytekin GÜVEN , Arzu AKKOYUNLU-WIGLEY Y1 - 2018 PY - 2018 N1 - doi: 10.17233/sosyoekonomi.2018.03.10 DO - 10.17233/sosyoekonomi.2018.03.10 T2 - Sosyoekonomi JF - Journal JO - JOR SP - 185 EP - 200 VL - 26 IS - 37 SN - 1305-5577- M3 - doi: 10.17233/sosyoekonomi.2018.03.10 UR - http://dx.doi.org/10.17233/sosyoekonomi.2018.03.10 Y2 - 2018 ER -
EndNote %0 Sosyoekonomi The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry %A Aytekin GÜVEN , Arzu AKKOYUNLU-WIGLEY %T The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry %D 2018 %J Sosyoekonomi %P 1305-5577- %V 26 %N 37 %R doi: 10.17233/sosyoekonomi.2018.03.10 %U 10.17233/sosyoekonomi.2018.03.10
ISNAD GÜVEN, Aytekin , AKKOYUNLU-WIGLEY, Arzu . "Piyasa Yapısının Belirsizlik-Yatırım İlişkisi Üzerindeki Etkileri: Türk İmalatSanayiinden Bulgular". Sosyoekonomi 26 / 37 (Temmuz 2018): 185-200. http://dx.doi.org/10.17233/sosyoekonomi.2018.03.10