ORIGINAL PAPER
The effect of investment incentives for mining sector on the economic growth of Turkey
Mehmet Aksoy 1  
,   Adnan Konuk 1  
,   Hakan Ak 1  
 
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Eskişehir Osmangazi University
CORRESPONDING AUTHOR
Mehmet Aksoy   

Eskişehir Osmangazi University
Submission date: 2020-01-30
Final revision date: 2020-03-27
Acceptance date: 2020-05-13
Publication date: 2020-06-29
 
Gospodarka Surowcami Mineralnymi – Mineral Resources Management 2020;36(2):71–86
 
KEYWORDS
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ABSTRACT
The mining sector played an important role in the economic growth of the developed countries with rich natural resources in the past, and in recent years, it is important for the economic growth of developing countries. Also, it is generally supported by the incentives due to the fact that mining sector causes other related sectors to grow. Incentives have been the most important economic policy instrument imposed by governments to boost economic growth in developed and developing countries. Incentives or supports given by Turkish state in order to increase the mining investments can be analyzed under two categories; incentives or supports based on the Turkish Mining Law, incentives or supports provided under the Investment Incentive Program. The effect of investment incentives applied to the mining sector in Turkey between the years of 2001 and 2017 on mining production index (MPI) and also the indirect effect of these on gross domestic product (GDP) are investigated by using Granger Causality Test and regression analysis. In this study, the data belonging to the number of investment incentive certificates received by firms operating in Mining Sector and the amount of total fixed investment were used. According to the findings obtained from this study, it has been determined that encouraging the fixed investments of the firms operating in the Mining Sector with incentives has a significant and positive impact on MPI and GDP in a short period of 1 year. However, the incentives applied to the mining sector did not increase the production index of the mine in parallel with the increase in the GDP.
METADATA IN OTHER LANGUAGES:
Polish
Wpływ zachęt inwestycyjnych dla sektora wydobywczego na wzrost gospodarczy Turcji
wzrost gospodarczy, test przyczynowości Grangera, zachęty inwestycyjne, wskaźnik produkcji kopalni
Sektor wydobywczy odgrywał ważną rolę we wzroście gospodarczym krajów rozwiniętych w przeszłości o bogatych zasobach naturalnych w przeszłości, a w ostatnich latach jest ważny dla wzrostu gospodarczego krajów rozwijających się. Ponadto sektor wydobywczy jest ogólnie wspierany przez zachęty ze względu na fakt, że powoduje rozwój innych powiązanych z nim sektorów. Zachęty były najważniejszym instrumentem polityki gospodarczej narzucanym przez rządy w celu pobudzenia wzrostu gospodarczego w krajach rozwiniętych i rozwijających się. Zachęty lub wsparcie udzielane przez Turcję w celu zwiększenia inwestycji górniczych można analizować w dwóch kategoriach; zachęty lub wsparcie w oparciu o tureckie prawo górnicze (TML ‒ Turkish Mining Law) oraz zachęty lub wsparcie zapewniane w ramach Programu Motywacyjnego dla Inwestycji (IIP ‒ Investment Incentive Program). Wpływ zachęt inwestycyjnych stosowanych w sektorze wydobywczym w Turcji w latach 2001–2017 na wskaźnik wydobycia górniczego (MPI ‒ Mining Production Index) i pośrednio produkt krajowy brutto (PKB) jest badany za pomocą testu przyczynowości Grangera i analizy regresji. W tym badaniu wykorzystano dane należące do liczby certyfikatów zachęty inwestycyjnej otrzymanych przez firmy działające w sektorze wydobywczym oraz ustalonej całkowitej kwoty inwestycji (TFI ‒ Total Fixed Investment). W wyniku ustaleń uzyskanych w ramach tego badania uznano, że zachęcanie firm działających w sektorze wydobywczym do ustalonych inwestycji za pomocą zachęt ma znaczący i pozytywny wpływ na MPI i PKB w krótkim okresie 1 roku. Jednak zachęty zastosowane w sektorze wydobywczym nie podniosły wskaźnika wydobycia górniczego MPI równolegle ze wzrostem PKB.
 
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