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The new economy developed by the current globalization in the world has led countries to increase their effort on liberalization, deregulation and privatization. Privatization yields efficiency gains, which increase the social welfare of countries by abolishing the losses resulting from market failure and incorrect structures. For privatization to be successful, the conditions under which privatization will take place is also very important. This study investigates the effects of macroeconomic stability on the privatization efforts of Turkish government. The hypothesis is as Turkish economy is having problems to attain and sustain macroeconomic stability, privatization efforts are also unsuccessful due to this reason. To test this hypothesis, we use a model that regresses privatization income to macroeconomic variables including real GNP growth, inflation, exchange rate, unemployment, budget deficit, debt stock, interest rates and public and private investment. The results indicate that when all factors (basic macroeconomic, public sector and financial) are considered together, public sector and financial variables stand out to be the most significant ones for privatization. While budget deficit is a definite adverse factor for privatization income, the effect of debt stock is ambiguous. Privatization income is also positively affected from exchange rate evaluations and increases in private investment
the new economy developed by the current globalization in the world has led countries to increase their effort on liberalization deregulation and privateization in privateization yields efficiency gains which increase the social potential of countries by abolishing the losses resulting from market failure and incorrect structures for privateization to be successful the conditions under which specialization will take place is also very important this study experiments in macroeconomic stability on the privateization efforts of turkish government the results of hypothesis as a turkish economy having problems with problems and while sustaining macroeconomic insurance programs are also available in the financial force of change in the change in the change in the financial force of the change in the change in the change in the change of the change of the change in the change of the change of the change in the change in the change of the financial force of change in the change in the change in the change in the implementation of the implementation of the implementation of the implementation of the implementation of the implementation of the change in the change in the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change of the change in the change of the change
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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