Özet:

Investments, which are the prerequisite of economic growth and development, are financed by savings. For this reason, determination of the conversion rate of savings into investment has a considerable importance in terms of determining the economic policies. In this study, in Turkey, private saving-investment relationship and public saving-investment relationship are examined and analyzed separately. In this respect, the relationship between savings and investments in Turkey is examined in the framework of the Feldstein-Horioka Hypothesis for the period 1975-2014. As a result of the study, there has been no cointegration between private savings and investments in Turkey. In terms of public savings and investments, the rate of conversion of public savings into investments is low.

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