The state of property development in Turkey: facts and comparisons

Demiralp, Seda and Demiralp, Selva and Gümüş, İnci (2016) The state of property development in Turkey: facts and comparisons. New Perspectives on Turkey, 55 . pp. 85-106. ISSN 0896-6346 (Print) 1305-3299 (Online)

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In this article, we investigate economic and political developments in Turkey's construction sector over the last decade and consider their implications. We find that during the first term of the government of the Justice and Development Party (Adalet ve Kalkinma Partisi, AKP), thanks to administrative and economic incentives, both private and public construction rose considerably. Despite the construction sector's contribution to growth, there is also evidence of a transfer from the industrial sector toward the construction sector, which led to significant decline in the trend growth of the industrial sector in the era prior to 2006. Such evidence disappears in the post-crisis period, when the growth of private construction slows. However, overcentralization, clientelism, an absence of transparency, and limitations on citizen participation in urban planning remain as problems that need to be addressed through urban reform.
Item Type: Article
Uncontrolled Keywords: construction; growth; industrialization; land rents; urban policy
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Arts and Social Sciences > Academic programs > Economics
Faculty of Arts and Social Sciences
Depositing User: İnci Gümüş
Date Deposited: 19 Aug 2017 15:30
Last Modified: 19 Aug 2017 15:30

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