World Bank2012-03-192012-03-192010-05-01https://hdl.handle.net/10986/2904This investment climate assessment draws on the analysis of firm-level survey data collected during April 2008-January 2009, supplemented by other sources, to provide a comprehensive and up-to-date description of the investment climate facing Turkish firms of all size classes, including the impact of government regulations and recent reforms. An important feature of the analysis is extensive use of data from comparable countries to benchmark Turkey's performance. Beyond description, the report seeks to identify key priority areas where further policy reform and institutional development could help strengthen Turkish firms' performance in such areas as productivity, export competitiveness and employment creation. A special aspect of the report is its focus on Turkey's small and medium scale enterprise (SME) sector.CC BY 3.0 IGOAVERAGE PRODUCTIVITYBANK CREDITBANK LOANBANK LOANSBANKSBARRIERS TO ENTRYBOOK VALUEBUSINESS INVESTMENTCALCULATIONCALCULATIONSCAPACITY UTILIZATIONCAPITAL EXPENDITURECAPITAL INFLOWSCAPITAL INVESTMENTCAPITAL STOCKCOLLATERALCOMMODITYCOMPETITIVE MARKETSCONSTANT RETURNS TO SCALECONSUMERCONSUMER PRICE INDEXCONTRIBUTIONCONTRIBUTIONSCORPORATE INVESTMENTCORPORATE INVESTMENTSCORPORATE SAVINGCORPORATE SAVINGSCORPORATE TAX RATESCOST OF LABORCOUNTRY COMPARISONSCURRENCYCURRENT PRICESDEBTDEPRECIATIONDOLLAR PRICESDOMESTIC MARKETSDOMESTIC SAVINGDUMMY VARIABLEDUMMY VARIABLESEARNINGSECONOMETRIC ANALYSISECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC COOPERATIONECONOMIC DEVELOPMENTECONOMIC EMPOWERMENTECONOMIC POLICIESEMERGING MARKETENFORCEMENT OF CONTRACTSENTERPRISE OPERATIONENTERPRISE OPERATIONSENTERPRISE PERFORMANCEEQUIPMENTEXCHANGE RATEEXCHANGE RATE INSTABILITYEXCHANGE RATESEXPORT GROWTHEXPORTERSEXPORTSFACTOR MARKETSFINANCIAL CRISISFINANCIAL INFRASTRUCTUREFINANCIAL SECTORFINANCIAL SUPPORTFINANCING OF INVESTMENTFIRM PERFORMANCEFIXED CAPITALFIXED INVESTMENTFORECASTSFOREIGN FIRMSFOREIGN INFLOWSFOREIGN OWNERSHIPFUTURE GROWTHGLOBAL MARKETSGLOBALIZATIONGOVERNMENT EXPENDITURESGOVERNMENT OWNERSHIPGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROWTH RATEHOUSEHOLD EXPENDITURESHOUSEHOLD INCOMEHUMAN CAPITALINCENTIVES TO SAVEINCOMEINCOME DISTRIBUTIONINCOME STATEMENTSINCOME TAXINDIRECT COSTSINFLATIONINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL MARKETSINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVESTINGINVESTMENT ACTIVITIESINVESTMENT ACTIVITYINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT CLIMATE ASSESSMENTSINVESTMENT DECISIONSINVESTMENT FUNDSINVESTMENT PROJECTSINVESTMENT RATEINVESTMENT RATESINVESTMENT SPENDINGLABOR COSTSLABOR FORCELABOR MARKETLACK OF COMPETITIONLACK OF CREDITLARGE ENTERPRISESLARGE FIRMSLIVING STANDARDSLOANLOCAL CURRENCYLOW INCOMEMACROECONOMIC ENVIRONMENTMACROECONOMIC INSTABILITYMACROECONOMIC PERFORMANCEMACROECONOMIC STABILITYMACROECONOMIC VARIABLESMARKET CONCENTRATIONMARKET SIZEMETROPOLITAN AREASMICRO ENTERPRISESMICROENTERPRISESMONETARY FUNDMONOPOLYNATIONAL TREASURYNATURAL RESOURCESNET PROFITNEW ENTRANTSORGANIZATIONAL STRUCTUREORGANIZED CRIMEOVERDRAFT FACILITIESOVERDRAFT FACILITYOVERHEAD COSTSPER CAPITA INCOMEPOLITICAL RISKPOSITIVE COEFFICIENTPOTENTIAL INVESTORSPRICE INDEXPRICE TAKERSPRIMARY EDUCATIONPRIVATE INVESTMENTPRIVATE SECTOR INVESTMENTPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTIVE INVESTMENTSPRODUCTIVITYPRODUCTIVITY GROWTHPRODUCTIVITY INCREASESPROFIT RATEPROFITABILITYPROPERTY RIGHTSPROTECTION PAYMENTSRATE OF INVESTMENTRATES OF RETURNREAL ESTATEREAL EXCHANGE RATEREAL EXCHANGE RATESREAL GDPREAL INTERESWorld Bank10.1596/2904