1. ALTYAPI YATIRIMLARI VE KURUMSALLIK: GELİŞMEKTE OLAN ÜLKELER İÇİN UYGULAMA ÖRNEĞİ.
- Author
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ÜNALAN KARAKUŞ, Eda
- Subjects
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INFRASTRUCTURE funds , *PANEL analysis , *CORRUPTION laws , *INFRASTRUCTURE (Economics) ,DEVELOPED countries ,DEVELOPING countries - Abstract
The need for infrastructure in developing countries is much higher than in developed countries. On the other hand, more than one third of the resources spent on investments are lost due to inefficient processes. When there are institutional weaknesses in addition to financial inadequacies, simply finding resources for infrastructure investment is insufficient to solve the problem. Therefore, it is crucial to be able to make qualified and efficient infrastructure investments. In recent years, the idea that infrastructure investments should focus not only on the outcome but also on the process has been reflected in infrastructure governance. This study analyzes the impact of institutional development on infrastructure investments in developing countries using fixed effect panel data method. The level of governance, rule of law and control of corruption are included in the analysis as three different institutional indicators. According to the findings, an increase in the level of governance, control of corruption and rule of law positively affects infrastructure investments. Therefore, it is concluded that investment decisions taken in line with infrastructure governance will prevent public waste and provide efficient and quality infrastructure services. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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