TÜRKİYE’DE SANAYİ KESİMİNE YÖNELİK UYGULANAN VERGİ TEŞVİKLERİNİN SANAYİ ÜRETİMİ ÜZERİNDEKİ ETKİSİ
THE EFFECT OF TAX INCENTIVES ON INDUSTRIAL PRODUCTION IN INDUSTRIAL PRODUCTION IN TURKEY

Summary/Abstract: The aim of this study is to determine the effect of financial incentives on industrial production in Turkey. In the study, the industrial production index and investment incentive certificate data for the period 2007: 05-2018: 06 are used to investigate the effect of industrial incentives on industrial production. Markov Change Model is used as a model. The findings show that investment incentives can be used as an effective policy tool to mitigate the effects of economic contraction. As a result, it has been concluded that the increases in the investment incentive certificate positively affect the industrial production during the contraction and expansion periods of industrial production, and especially the investment incentive policy is more effective in the contraction regime.

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