Akkina, Krishna Rao; Celebi, Mehmet Ali - In: The Pakistan Development Review 41 (2002) 3, pp. 243-254
The purpose of this study is to analyse the determinants of private fixed investment spending in Turkey over the period 1970–96, which covers years of both financial repression and financial liberalisation. A reformulated neoclassical investment model and a reformulated flexible accelerator...