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THE EFFECTS OF PUBLIC CAPITAL ON REGIONAL CONVERGENCE IN TURKEY

THE EFFECTS OF PUBLIC CAPITAL ON REGIONAL CONVERGENCE IN TURKEY. O zlem O nder , Metin Karadag, Ertugrul Deliktas Department of Economics, Ege University. Aim of the Study.

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THE EFFECTS OF PUBLIC CAPITAL ON REGIONAL CONVERGENCE IN TURKEY

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  1. THE EFFECTS OF PUBLIC CAPITAL ON REGIONAL CONVERGENCE IN TURKEY Ozlem Onder, Metin Karadag, Ertugrul Deliktas Department of Economics, Ege University

  2. Aim of the Study • to investigate the impact of public capital on regional convergence in Turkey at NUTS 1 level by using dynamic panel data model for the time period 1980-2001

  3. Table 1: Basic Data for Turkish Regions at NUTS I Level

  4. Methodology • Conditional Convergence Model (Mankiw et al. 1992) Dynamic Panel Data Model (Islam, 1995) =per capita real income, =real public capital stock,

  5. Methodology • Spatial Panel Data (Elhorst, 2003) • Fixed Effect Spatial Lag Model (FSLM) • Fixed Effect Spatial Error Model (FSEM)

  6. Data • Annual data on per capita real income and public capital stock at NUTS-1 level regions of Turkey between 1980-2001.

  7. Table 3: Estimation Results Dependent Variable: yit

  8. Table 4: Estimation Results with Spatial Effect Dependent variable: yit

  9. Questions for further study • Is it possible to apply spatial panel data models to dynamic panel data models • Convergence rates • What are specification tests for panel data

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