Upgrading business investment in Turkey:
Starting from a low level in early 2000s, Turkey's total capital stock has since expanded rapidly, but the composition and quality of investment raises questions. This study focuses on business investment, as the main driver of physical and knowledge-based capital formation and, hence, of poten...
Gespeichert in:
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Starting from a low level in early 2000s, Turkey's total capital stock has since expanded rapidly, but the composition and quality of investment raises questions. This study focuses on business investment, as the main driver of physical and knowledge-based capital formation and, hence, of potential output and the material foundations of well-being. Micro data allow to distinguish four types of firms: small businesses with a high rate of informality, medium-sized family firms, large formal corporations, and skilled start-ups. The relative importance of the challenges facing these different types of firms varies, notably with respect to skill shortcomings, regulatory burdens, labour costs, access to bank lending, over-leveraging and scarce equity capital. Improving the current business environment and overcoming the fragmentation of the business sector will be crucial to upgrade the quality of business investment and to enhance the allocative efficiency of capital formation. This calls for promoting formality, best management practices, the build-up of equity capital, access to long-term bank financing and other market-based financing that can complement traditional bank lending; and a faster and more inclusive transition to the digital economy |
| Beschreibung: | 1 Online-Ressource (53 Seiten) |
| DOI: | 10.1787/537fc88b-en |
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| spelling | Cilasun, Seyit Mümin Verfasser aut Upgrading business investment in Turkey Seyit Mümin Cilasun ... [et al] Paris OECD Publishing 2019 1 Online-Ressource (53 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Starting from a low level in early 2000s, Turkey's total capital stock has since expanded rapidly, but the composition and quality of investment raises questions. This study focuses on business investment, as the main driver of physical and knowledge-based capital formation and, hence, of potential output and the material foundations of well-being. Micro data allow to distinguish four types of firms: small businesses with a high rate of informality, medium-sized family firms, large formal corporations, and skilled start-ups. The relative importance of the challenges facing these different types of firms varies, notably with respect to skill shortcomings, regulatory burdens, labour costs, access to bank lending, over-leveraging and scarce equity capital. Improving the current business environment and overcoming the fragmentation of the business sector will be crucial to upgrade the quality of business investment and to enhance the allocative efficiency of capital formation. This calls for promoting formality, best management practices, the build-up of equity capital, access to long-term bank financing and other market-based financing that can complement traditional bank lending; and a faster and more inclusive transition to the digital economy Economics Turkey Gönenç, Rauf ctb Özmen, Mustafa Utku ctb Samancıoǧlu, Mehmed Zahid ctb https://doi.org/10.1787/537fc88b-en Verlag kostenfrei Volltext |
| spellingShingle | Cilasun, Seyit Mümin Upgrading business investment in Turkey Economics Turkey |
| title | Upgrading business investment in Turkey |
| title_auth | Upgrading business investment in Turkey |
| title_exact_search | Upgrading business investment in Turkey |
| title_exact_search_txtP | Upgrading business investment in Turkey |
| title_full | Upgrading business investment in Turkey Seyit Mümin Cilasun ... [et al] |
| title_fullStr | Upgrading business investment in Turkey Seyit Mümin Cilasun ... [et al] |
| title_full_unstemmed | Upgrading business investment in Turkey Seyit Mümin Cilasun ... [et al] |
| title_short | Upgrading business investment in Turkey |
| title_sort | upgrading business investment in turkey |
| topic | Economics Turkey |
| topic_facet | Economics Turkey |
| url | https://doi.org/10.1787/537fc88b-en |
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