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Investment Incentives in Turkey

In: Turkey and Central and Eastern European Countries in Transition

Author

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  • Ismail Arslan

Abstract

Since the mid-1960s the Turkish government has promoted investment by providing various incentives. Over the years there have been frequent changes in the type, level and coverage of the incentives provided to various sectors and subsectors. These incentives have sought to orient resources towards favoured industrial sectors during the period of import substitution and government-led industrialisation, encourage private investment as public investment gradually contracted, reorient private investment towards favoured sectors and away from speculative real estate, and provide subsidies of various kinds to a variety of socioeconomic causes, including regional development. Section 6.1 describes the investment incentive system in Turkey. Assessment of the incentive system is provided in Section 6.2 and conclusions follow in Section 6.3.

Suggested Citation

  • Ismail Arslan, 2001. "Investment Incentives in Turkey," Palgrave Macmillan Books, in: S. Togan & V. N. Balasubramanyam (ed.), Turkey and Central and Eastern European Countries in Transition, chapter 6, pages 116-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97800-9_6
    DOI: 10.1007/978-0-333-97800-9_6
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