Turkey’s public–private partnership experience: a political economy perspective

Ayhan, Berkay; Üstüner, Yılmaz

doi:10.1080/14683857.2022.2065622

Cited by 10 publications

(6 citation statements)

References 62 publications

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“…As pointed out by Yurdakul et al [17], the PPP architecture used depends on the country, government, and characteristics of the operation. PPP investment is primarily driven by macroeconomic considerations in most emerging countries [17,37], but it can also be adjusted to help achieve various sustainability goals. Mirzaee and Sardroud [38], for example, proposed employing PPP investment to fund and finance enabled smart city projects.…”

Section: Literature Reviewmentioning

confidence: 99%

Boosting Energy Efficiency in Turkey: The Role of Public–Private Partnership Investment

et al. 2023

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This study draws motivation from the United Nations Sustainable Development Goals (7.8.11), which highlight pertinent issues across the globe, among which are access to energy, responsible consumption, and sustainable development. To this end, we explored the pivotal role of public–private partnerships (PPP) investment in energy in Turkey, which is currently on an aggressive trajectory for its energy mix to energy efficiency. To avoid omitted variable bias in econometric strategies, we controlled for vital macroeconomic indicators such as foreign direct investment (FDI), trade flow, and economic growth. Empirical results showed a long-run equilibrium relationship between the outlined variables as traced by the autoregressive distributed lag (ARDL) bounds test. Subsequently, we observed a positive relationship between public–private partnership (PPP) investment in energy and the country’s energy intensification in both the short and long runs. A similar trend was observed between FDI, GDP growth, and energy intensity. These outcomes have inherent policy caveats for the Turkish energy sector and economic trajectory. Policy implications include efficient investment in clean energy (renewables) as part of Turkey’s effort toward energy intensification to guarantee sustainable development. Additionally, the involvement of PPP is a welcome dimension for sustainable economic growth. Further insights are documented in the concluding remarks.

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Section: Literature Reviewmentioning

confidence: 99%

Boosting Energy Efficiency in Turkey: The Role of Public–Private Partnership Investment

et al. 2023

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“…With individual unemployment savings accounts, workers use their own savings during times of unemployment. Thus, they internalise the cost of unemployment benefits which considerably limits the risk of moral hazard (Asenjo and Pignatti, 2019 [49]). Any savings not withdrawn at retirement should be credited to pension entitlements, further increasing incentives to stay in, or return to, formal employment.…”

Section: % Of the Unemployed (Ilo Definition)mentioning

confidence: 99%

Labour market and education reforms are needed to create more and better jobs in Türkiye

2023

OECD Economics Department Working Papers

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Labour market and education reforms are needed to create more and better jobs in TürkiyeThe Turkish economy grew strongly over the past two decades and created many jobs. However, given its young and growing workforce, Türkiye needs to ramp up efforts to achieve high-quality formal job creation. A sizeable share of the workforce, mostly female workers, does not actively participate in the labour market. While informality has decreased significantly, it is still widespread and entrenches productivity differences across firms. Rigid labour market rules, particularly the high severance pay but also minimum wages, impede formal job creation. More flexible labour markets should be part of a comprehensive reform programme that shifts job loss protection to a broader-based unemployment insurance scheme, supported by well-designed activation policies. While educational attainment has risen impressively, a growing number of vacancies, significant skill mismatches and a low level of adult skills highlight the need to address the quality of education and to improve on the matching of talent to jobs.

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“…losses while the private partners siphon profits." 9 In this sense, a process of "market capture" paralleled democratic backsliding in Turkey: Executive authority determines who wins and who loses in the marketplace without destroying the façade of the market economy. 10 These partnerships are concentrated in the hands of a few private firms known for their close ties to the government.…”

Section: Playing Favoritesmentioning

confidence: 99%

“…For example, five progovernment Turkish firms "ranked within the top sponsors by investment among all low-and middle-income countries in 1990-2018." 11 Business actors reciprocated by remaining loyal to Erdoğan, no matter what. The most important way for progovernment business groups to return the favor was to invest in the media sector, helping the government to control the information environment.…”

Section: Playing Favoritesmentioning

confidence: 99%

How Erdoğan Rules Through Crisis

Aydın-Düzgit,

Kutlay,

Keyman

2023

jod

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What does the enduring rule of Turkey's President Recep Tayyip Erdoğan tell us about the resilience of authoritarian populism despite economic and governance crises? This essay argues that a key source of authoritarian resilience lies in the mutually reinforcing interaction of state capture and market capture. The AKP government not only established firm control over state institutions but also reshaped state-market relations in a way that helped the party build an extensive network that closely ties different segments of society to the state. The authors maintain that the fallout from Turkey's growing crisis of governance is not felt evenly across society and thus defies expectations that economic and governance crises necessarily result in the downfall of an authoritarian-populist regime.

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Turkey’s public–private partnership experience: a political economy perspective

Cited by 10 publications

References 62 publications

Boosting Energy Efficiency in Turkey: The Role of Public–Private Partnership Investment

Boosting Energy Efficiency in Turkey: The Role of Public–Private Partnership Investment

Labour market and education reforms are needed to create more and better jobs in Türkiye

How Erdoğan Rules Through Crisis

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