%0 Journal Article
%T The Effects of Market Structure on Uncertainty-Investment Relationship: Evidence from Turkish Manufacturing Industry
%A Arzu AKKOYUNLU-WIGLEY
%A Aytekin G¨¹VEN
%J -
%D 2018
%X The broad aim of this study is to examine the impact of uncertainty on investment in Turkey. Our particular aim is to test Caballero¡¯s (1991) theoretical claim that the negative relationship between investment and uncertainty is more pronounced in imperfectly competitive industries. With that aim in mind a panel of Turkish manufacturing industries for the years 1992-2001 is used to examine the effect of market structure on the investment-uncertainty relationship. Our estimation results show that uncertainty has a reductive effect on investment and that that effect becomes significantly stronger under imperfect competition conditions
%K Belirsizlik
%K Yat£¿r£¿m
%K Piyasa Yap£¿s£¿
%K T¨¹rk £¿malat Sanayii
%K Dinamik Panel Veri Y£¿ntemi
%U http://dergipark.org.tr/sosyoekonomi/issue/38370/364652