The role of development banking in promoting industrialization in Turkey

Hüseyin Öztürk, Derya Gültekin-Karakaş, Mehtap Hisarciklilar

Research output: Contribution to journalArticle

Abstract

Development banks are influential institutions in financing development. Since their establishment back in the 19th century, development banks have played a leading role in supporting development in many countries. Despite the liberalization process of the 1980s and 1990s, development banks have continued to play an active role in financing development in the case of many countries. In the Turkish case, the performance of development banking in supporting development has varied over time. However, one feature has remained constant: development and investment credits did not contribute to the alleviation of regional imbalances even during the period of import substituting industrialization from the 1960s to 1979. Moreover, total fixed capital investments, which are the raison d’être for development banking in Turkey, have been mainly financed by commercial banks. Given the severe recession in the global economy, the development banks in Turkey may play a leading role in financing industrial and social projects.
Original languageEnglish
Pages (from-to)153-178
Number of pages26
JournalRegion et Developpement
Volume32
Publication statusPublished - 2010

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Banking development
Turkey
Industrialization
Financing
Global economy
Fixed capital
Imbalance
Commercial banks
Import
Liberalization
Credit
Recession
Capital investment

Bibliographical note

The on-line content of the journal is "open access", which means that all content is freely available without charge to the user or his/her institution.

Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author.

Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

Keywords

  • Institutions and growth
  • Development bank
  • Turkey
  • Regional development

Cite this

The role of development banking in promoting industrialization in Turkey. / Öztürk, Hüseyin; Gültekin-Karakaş, Derya; Hisarciklilar, Mehtap.

In: Region et Developpement, Vol. 32, 2010, p. 153-178.

Research output: Contribution to journalArticle

Öztürk, Hüseyin ; Gültekin-Karakaş, Derya ; Hisarciklilar, Mehtap. / The role of development banking in promoting industrialization in Turkey. In: Region et Developpement. 2010 ; Vol. 32. pp. 153-178.
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