Efficiency of Investment Incentives in Reducing Regional Development Disparities in Türkiye

This study aims to determine to what extent the investment incentive system implemented in Turkiye effectively reduces regional development disparities. For this purpose, more than 100,000 investment incentive certificates issued between 2001-2022 are examined. The Logarithm Methodology of Additive Weights (LMAW) determines the criteria's importance and ranks the provinces' investment performances. The results obtained indicate that investment incentive applications cannot provide sufficient effectiveness in reducing regional development disparities. In this respect, there is a severe need for revision in the incentive policies currently implemented.