Durdag Some Problems of Development Financing

A Case Study of the Turkish First Five-Year Plan 1963–1967
1973
ISBN: 978-94-010-2907-0
Verlag: Springer Netherland
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 4, 310 Seiten, eBook

Reihe: International Studies in Economics and Econometrics

This study, originally a Ph.D. thesis accepted in the University of Bir mingham, is intended to present a critical analysis of some important problems of development financing. The boundaries of our subject-mat ter will be defined as follows. First of all, the discussion will be confined to the problems of a particular country: Turkey, during a particular period of time: the period of the First Five-Year Development Plan of 1963-67. Secondly, the problems to be discussed will be chosen from among those concerning the saving aspect of development financing. It has now become a widely used method in the literature to assume a dichotomy between the saving and investing aspects of the process of development financing. Thirdly, even within the saving aspect of development financing, no claim will be made to comprehensiveness. Preference will be given to analyzing in depth a few main questions rather than touching upon everything con cerning our subject. The study begins with an introduction to the social and economic framework of Turkey in Chapter 1, in which emphasis is given to factors that bear upon the problems to be discussed in the following chapters.

Zielgruppe

Research

Autoren/Hrsg.

Durdag, M.

Inhaltsverzeichnis

1 / Social and Economic Framework of Turkey.- I. Socio-Economic Aspects.- i. Population.- ii. Distribution of Income.- iii. Cultural Aspects.- II. Economic Structure.- i. National Income.- ii. Output, Employment and Productivity in Major Sectors.- iii. Pattern of Income Use.- 2 / First Five-Year Development Plan: Objectives and Financing Strategy.- I. Objectives of the Plan.- i. Long-Term Objectives.- ii. Objectives of the First Five-Year Plan.- II. Financing Strategy of the Plan.- i. General Remarks.- ii. Estimate of Foreign Assistance Requirements.- iii. Cumulative Nature of Domestic Savings Requirements.- iv. Breakdown of Domestic Savings Requirements between the Public and Private Sectors.- v. Deficit Financing and Inflation.- 3 / Foreign Assistance.- I. Turkey’s Share in the Flow of Foreign Assistance.- II. Foreign Capital Inflow and External Debt Servicing.- III. Some Problems of Foreign Aid.- IV. The Role of Foreign Resources in the Implementation of the Development Plan, 1963–67.- 4 / Private Savings: A Statistical Analysis of the Savings Behaviour of the Private Sector.- I. Some General Observations.- II. Savings and Current Income.- III. Various Refinements to the Income Concept.- IV. Savings and Wealth.- V. Savings and Price Level.- 5 / The Private Savings Policy of the Plan.- I. Determinants of Private Savings in the Plan.- i. Savings and the Level of Income.- ii. Savings and the Financial Structure.- iii. Savings and Price Stability.- II. The Plan and the Private Savings/Income Ratio.- 6 / Taxation.- I. The Tax Structure of Turkey.- i. Tax Ratio and Share of Indirect Taxes.- ii. Composition of Taxation.- iii. Growth in Tax Revenue.- II. Taxable Capacity and Allocation of Tax Burden.- i. Taxable Capacity.- ii. Tax Burden.- III. Taxation of Agricultural Incomes.- i. Agricultural Taxation in the Past.- ii. The Case for Heavier Taxation of Agriculture.- iii. Kaldor’s Proposal for a Land Tax.- iv. Taxation of Agriculture with Income Tax.- v. Concluding Remarks on Taxation of Agriculture.- IV. Taxation of Incomes, Profits and Wealth.- i. Taxation of Personal Incomes.- a. Income Elasticity of Income Tax Yield.- b. Progressiveness of the Rate Schedule.- c. Incentive Taxation.- ii. Taxation of Company Profits.- iii. Taxation of Wealth.- V. Taxation of Commodities and Services.- VI. Taxation Policy in the Plan Period.- i. Fulfilment of the Revenue Targets of the Tax Policy.- ii. Shortcomings of the Tax Policy in the Plan Period.- 7 / Balance of Resources and Uses.- I. Deficit Spending in the Public Sector.- II. Inflationary Gap in the Economy.- 8 / Summary and Conclusions.- Statistical Appendix.