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YABANCI DOĞRUDAN YATIRIMLARIN TÜRKİYE’DEKİ İŞSİZLİĞE ETKİSİ: SINIR TESTİ YAKLAŞIMI

Year 2010, Volume: 10 Issue: 4, 1187 - 1194, 01.11.2010

Abstract

Bu çalışmada, yabancı doğrudan yatırımların (YDY) Türkiye’de işsizlik üzerindeki etkisi, 2000:Q1–2009:Q4 dönemi verileri kullanılarak; sınır testi yaklaşımıyla araştırılmıştır. Çalışmanın ampirik bulgularına göre, uzun dönemde YDY ile işsizlik arasında istatistiki açıdan anlamlı bir ilişki çıkmamıştır. Kısa dönem analizinde ise, YDY’nin işsizliği, cari dönemde arttırmasına rağmen, iki dönem sonra azalttığı bulgusu tespit edilmiştir

References

  • Aktar, I. ve Özturk, L. (2009): “Can Unemployment be Cured by Economic Growth and Foreign Direct Investment in TURKEY?”, International Research Journal of Finance and Economics, 27: 203-211.
  • Anderson, P. ve Hainaut, P. (1998): “Foreign Direct Investment and Employment in the Industrial Countries”, BIS Working Paper, No. 61.
  • Barrell, R ve Pain, N. (1997): “Foreign Direct Investment, Technological Change, and Economic Growth Within Europe”,The Economic Journal, 107(445): 1770-1786.
  • Barros, P. P ve Cabrol, L. M. (2000): “Competing For Foreing Direct Investment, Review of International Economics”, 8(2): 360-371.
  • Borensztein, E., Gregoria, J. D. ve Lee, J. W. (1998): “How does foreign direct investment affect economic growth?”, Journal of International Economics, 45(1): 115-138.
  • Dickey, D. Ve Fuller, W. A. (1979): “Distribution of the Estimates for Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association , 74: 427-431.
  • DPT. (2001): Sekizinci Beş Yıllık Kalkınma Planı, Doğrudan Yabancı Sermaye Yatırımları Özel İhtisas Komisyonu Raporu: 532, Ankara.
  • Enders, W. (1995): Applied Econometric Time Series, 1 rd edition, Wiley, New York.
  • Enders, W. (1996): Rats Handbook for Econometric Time Series, John Willey and Song Inc.
  • Engle, R. ve Granger, C. W. J. (1987): “Co-Integration and Error Correction: Represention, estimation and Testing”, Econometrica, 55(2): 251 – 276.
  • Fung, M. K., Zeng, J. ve Zhu, L. (1999): “Foreign Capital, Urban Unemployment, and Economic Growth”, Review of International Economics, 7(4): 651- 664.
  • Granger, C. W. J. ve NEWBOLD, P. (1974): “Spurious Regressions in Econometrics.” Journal of Econometrics, 2 (2): 111-120.
  • Gujarati, D, N. (1999): Basic Econometrics, Mc Graw Hill, Literatür Yayıncılık, 3 rd edition, İstanbul.
  • Hunya, G. ve Geishecker, I. (2005): “Effects of Foreign Direct Investment in Central and Eastern Europe”, Research Reports, No. 321.
  • Javorcik, B. S. (2004): “Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages”, The American Economic Review, 94(3): 605- 627.
  • Jayaraman, T. K. (1998). “Foreign Direct Investment as An Alternative to Foreign Aid to South Pacific Island Countries”, Journal of the South Pacific Society, 21(3-4): 29-44.
  • Jayaraman, T. K. ve Singh, B. (2007): “Impact of Foreign Direct Investment on Employment in Pacific Island Countries: An Emprical Study of Fiji”, Asia-Pacific Research and Training Network on Trade Working Paper Series, No. 35.
  • Johansen, S. ve Juselius, K. (1990): “Maximum Likelihood Estimation And Inference on Cointegration with Application to the Demand for Money”, Oxford Bulletin of Economic and Statistics, (52): 169-210.
  • Johansen, S. (1988): “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamic and Control (12), 231-254.
  • Johnston, J. ve Dinardo, J. (1997): Econometric Methods, Fourth Edition, McGraw-Hill Companies, United States.
  • Kamas, L. ve Joyce, J. P. (1993): “Money, Income and Prices Under Fixed Exchange Rates: Evidence from Causality Tests and VARs”, Journal of Macroeconomics, 15(4): 747-768.
  • Karagöz, K. (2007): “Doğrudan Yabancı Yatırımların İstihdama Etkisi: Türkiye Örneği”, 8. Türkiye Ekonometri ve İstatistik Kongresi, Malatya.
  • Narayan, P. and Narayan, S. (2004): “Estimating Income and Price Elasticities of Imports for Fiji in a Cointegration Framework”, Economic Modelling, 22: 423-438.
  • Narayan, P. ve Smyth, R. (2006): “What Determines Migration Flows from Low-Income to High Income Countries? An Empirical Investigation of Fiji-U.S. Migration 1972-2001”, Contemporary Economic Policy, 24(2): 332-42.
  • Philips, P.C.B. ve Perron, P. (1988): “Testing For a Unit Root in Time Series Regression”, Biomètrika, 75 (2): 336-346.
  • Pesaran, M., Shin, Y. ve Smith, R. J. (2001): “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, 16: 289-326.
  • Sun, H. (1996): “Direct Foreign Investment and Linkage Effects: the Experience of China”, Asian Economies, 25(1): 5-28.
  • Sun, H. 1998): “Macroeconomic Impact of Direct Foreign Investment in China: 1979-1996 ”, The World Economy, 21(5): 675-694.
  • TCMB (2009): http://evds.tcmb.gov.tr/ (24.10.2009).
  • TÜİK(2009): http://www.tuik.gov.tr/VeriBilgi.do?tb_id=25&ust_id=8 (24.10.2009).
  • Vergil, H. ve Ayaş, N. (2009): “Doğrudan Yabancı Yatırımlarının İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat İşletme ve Finans Dergisi, 275: 89-114.
  • Zhao, L. (1998): “The impact of Foreign Direct Investment on Wages and Employment”, Oxford Economic Papers, 50: 284-301.

The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach

Year 2010, Volume: 10 Issue: 4, 1187 - 1194, 01.11.2010

Abstract

In this survey, the effect of foreign direct investment (FDI) on the unemployment in Turkey has been studied by a bounds testing approach using the data between 2000:Q1–2009:Q4. According to empirical findings of the survey, in the long term the effect of FDI on unemployment is not statistically significant. In the short term analysis although FDI increase unemployment in the current period, evidence is found to decrease after two periods

References

  • Aktar, I. ve Özturk, L. (2009): “Can Unemployment be Cured by Economic Growth and Foreign Direct Investment in TURKEY?”, International Research Journal of Finance and Economics, 27: 203-211.
  • Anderson, P. ve Hainaut, P. (1998): “Foreign Direct Investment and Employment in the Industrial Countries”, BIS Working Paper, No. 61.
  • Barrell, R ve Pain, N. (1997): “Foreign Direct Investment, Technological Change, and Economic Growth Within Europe”,The Economic Journal, 107(445): 1770-1786.
  • Barros, P. P ve Cabrol, L. M. (2000): “Competing For Foreing Direct Investment, Review of International Economics”, 8(2): 360-371.
  • Borensztein, E., Gregoria, J. D. ve Lee, J. W. (1998): “How does foreign direct investment affect economic growth?”, Journal of International Economics, 45(1): 115-138.
  • Dickey, D. Ve Fuller, W. A. (1979): “Distribution of the Estimates for Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association , 74: 427-431.
  • DPT. (2001): Sekizinci Beş Yıllık Kalkınma Planı, Doğrudan Yabancı Sermaye Yatırımları Özel İhtisas Komisyonu Raporu: 532, Ankara.
  • Enders, W. (1995): Applied Econometric Time Series, 1 rd edition, Wiley, New York.
  • Enders, W. (1996): Rats Handbook for Econometric Time Series, John Willey and Song Inc.
  • Engle, R. ve Granger, C. W. J. (1987): “Co-Integration and Error Correction: Represention, estimation and Testing”, Econometrica, 55(2): 251 – 276.
  • Fung, M. K., Zeng, J. ve Zhu, L. (1999): “Foreign Capital, Urban Unemployment, and Economic Growth”, Review of International Economics, 7(4): 651- 664.
  • Granger, C. W. J. ve NEWBOLD, P. (1974): “Spurious Regressions in Econometrics.” Journal of Econometrics, 2 (2): 111-120.
  • Gujarati, D, N. (1999): Basic Econometrics, Mc Graw Hill, Literatür Yayıncılık, 3 rd edition, İstanbul.
  • Hunya, G. ve Geishecker, I. (2005): “Effects of Foreign Direct Investment in Central and Eastern Europe”, Research Reports, No. 321.
  • Javorcik, B. S. (2004): “Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages”, The American Economic Review, 94(3): 605- 627.
  • Jayaraman, T. K. (1998). “Foreign Direct Investment as An Alternative to Foreign Aid to South Pacific Island Countries”, Journal of the South Pacific Society, 21(3-4): 29-44.
  • Jayaraman, T. K. ve Singh, B. (2007): “Impact of Foreign Direct Investment on Employment in Pacific Island Countries: An Emprical Study of Fiji”, Asia-Pacific Research and Training Network on Trade Working Paper Series, No. 35.
  • Johansen, S. ve Juselius, K. (1990): “Maximum Likelihood Estimation And Inference on Cointegration with Application to the Demand for Money”, Oxford Bulletin of Economic and Statistics, (52): 169-210.
  • Johansen, S. (1988): “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamic and Control (12), 231-254.
  • Johnston, J. ve Dinardo, J. (1997): Econometric Methods, Fourth Edition, McGraw-Hill Companies, United States.
  • Kamas, L. ve Joyce, J. P. (1993): “Money, Income and Prices Under Fixed Exchange Rates: Evidence from Causality Tests and VARs”, Journal of Macroeconomics, 15(4): 747-768.
  • Karagöz, K. (2007): “Doğrudan Yabancı Yatırımların İstihdama Etkisi: Türkiye Örneği”, 8. Türkiye Ekonometri ve İstatistik Kongresi, Malatya.
  • Narayan, P. and Narayan, S. (2004): “Estimating Income and Price Elasticities of Imports for Fiji in a Cointegration Framework”, Economic Modelling, 22: 423-438.
  • Narayan, P. ve Smyth, R. (2006): “What Determines Migration Flows from Low-Income to High Income Countries? An Empirical Investigation of Fiji-U.S. Migration 1972-2001”, Contemporary Economic Policy, 24(2): 332-42.
  • Philips, P.C.B. ve Perron, P. (1988): “Testing For a Unit Root in Time Series Regression”, Biomètrika, 75 (2): 336-346.
  • Pesaran, M., Shin, Y. ve Smith, R. J. (2001): “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, 16: 289-326.
  • Sun, H. (1996): “Direct Foreign Investment and Linkage Effects: the Experience of China”, Asian Economies, 25(1): 5-28.
  • Sun, H. 1998): “Macroeconomic Impact of Direct Foreign Investment in China: 1979-1996 ”, The World Economy, 21(5): 675-694.
  • TCMB (2009): http://evds.tcmb.gov.tr/ (24.10.2009).
  • TÜİK(2009): http://www.tuik.gov.tr/VeriBilgi.do?tb_id=25&ust_id=8 (24.10.2009).
  • Vergil, H. ve Ayaş, N. (2009): “Doğrudan Yabancı Yatırımlarının İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat İşletme ve Finans Dergisi, 275: 89-114.
  • Zhao, L. (1998): “The impact of Foreign Direct Investment on Wages and Employment”, Oxford Economic Papers, 50: 284-301.
There are 32 citations in total.

Details

Other ID JA99TE46KV
Journal Section Research Article
Authors

Osman Peker This is me

İsmet Göçer This is me

Publication Date November 1, 2010
Published in Issue Year 2010 Volume: 10 Issue: 4

Cite

APA Peker, O., & Göçer, İ. (2010). The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach. Ege Academic Review, 10(4), 1187-1194.
AMA Peker O, Göçer İ. The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach. ear. November 2010;10(4):1187-1194.
Chicago Peker, Osman, and İsmet Göçer. “The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach”. Ege Academic Review 10, no. 4 (November 2010): 1187-94.
EndNote Peker O, Göçer İ (November 1, 2010) The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach. Ege Academic Review 10 4 1187–1194.
IEEE O. Peker and İ. Göçer, “The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach”, ear, vol. 10, no. 4, pp. 1187–1194, 2010.
ISNAD Peker, Osman - Göçer, İsmet. “The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach”. Ege Academic Review 10/4 (November 2010), 1187-1194.
JAMA Peker O, Göçer İ. The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach. ear. 2010;10:1187–1194.
MLA Peker, Osman and İsmet Göçer. “The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach”. Ege Academic Review, vol. 10, no. 4, 2010, pp. 1187-94.
Vancouver Peker O, Göçer İ. The Effect of Foreing Direct Investment on the Unemployment in Turkey: A Bounds Testing Approach. ear. 2010;10(4):1187-94.