PUBLIC TRANSPORTATION INVESTMENTS AND ECONOMIC GROWTH IN TURKEY

Merter Mert
2017 Eurasian Journal of Economics and Finance  
This study calculates the public transportation capital stock for Turkey for the 1980-2003 period. Then those series are used to estimate the effect of public transportation investments on gross domestic product. A similar attempt is made to formulate public capital stock series for various transportation subsystems and I use them to estimate the effect of subsystem investments on the value-added (so, economic growth) of the transportation sector. Estimations indicate a positive relationship
more » ... ween public transportation investments and gross domestic product. At the subsystem levels, it is estimated that railway, highway, maritime, airline and pipeline investments have various effects on the value-added of the transportation sector.
doi:10.15604/ejef.2017.05.02.002 fatcat:wsrphpypfvb53bbt2blcyfhh3e