DYY’nin “Nicelik” ve “Nitelik” Açısından Karşılaştırmalı Bir Analizi: Türkiye Örneği

Year 2012, Volume: 12 Issue: 3, 285 - 300, 01.07.2012

Ayça Sarıalioğlu Hayali

Abstract

Gelişmekte olan ülkeler her koşulda DYY (Doğrudan Yabancı Yatırım)’yi teşvik etmek için DYY’ nin “niteliği”nden çok “niceliği”ne odaklanarak “finansal ve vergi teşvikleri” gibi teşvikler önermektedir. Çalışma, Türkiye’nin hem DYY’yi niceliksel olarak çekmeyi amaçlayan göreceli olarak liberal politikaları hem de diğer ülkelere (hem gelişmiş hem de gelişmekte olan) kıyasla yeteri kadar DYY çekmeme konusundaki başarısızlığı açısından tipik bir gelişmekte olan ülke olduğunu ileri sürmektedir. Diğer taraftan, çalışma burada “DYY’nin Giriş Şekli” açısından ele alınan “DYY’nin iyi kalitelisi”ni çekme açısından Türkiye’nin tipik bir gelişmekte olan ülke olmadığını savunmaktadır. Çalışmanın amacı bu argümanları, Türkiye’ye gelen DYY ile diğerlerini hem “nicelik” hem de “nitelik” açısından karşılaştırarak araştırmaktır. Buna göre, DYY’nin bir giriş şekli olarak “yeşilalan yatırımları” gelişmekte olan ülkelere giden DYY’ye hakimken, Türkiye örneğinde “kahverengialan yatırımları” hakimiyeti ele almaktadır. Yıl bazlı veriye baktığımızda bu bulgu 2004 yılında Türkiye’de başlayan yoğun özelleştirme dönemiyle tutarlı gözükmektedir. Çalışma UNCTAD (2010)’un sınır ötesi Birleşme ve Satın Almalar (B&SA) konusundaki yeni veri tabanını kullanmakta ve yeşilalan yatırımları verisini elde etmektedir

Keywords

DYY, kahverengialan yatırımlarına karşı yeşilalan yatırımları, Türkiye örneği

A Comparative Analysis of FDI in Terms of “Quantity” and “Quality”: Turkish Case

Abstract

Developing countries offer incentives, such as “financial and tax incentives”, to encourage Foreign Direct Investment (FDI) in any case by focusing on the “quantity” of FDI rather than its “quality”. The study maintains that Turkey constitutes a typical developing country in terms of both her relatively liberalized policies aiming at attracting FDI in quantity and her failure about not attracting sufficient FDI compared to the other countries, both developed and developing. On the other hand, the study argues that it is not a typical developing country in terms of attracting “the right quality of FDI”, which is tackled here in terms of “the entry mode of FDI”. The aim of this study is to investigate these arguments through comparisons of FDI inflows to Turkey with the others in terms of both its “quantity” and “quality”. According to this, while the “greenfield investments” as an entry mode of FDI dominates the FDI inflows to developing countries, “brownfield investments” take the dominance in Turkish case. When it is looked at the year base data this finding seems consistent with the mass privatisation era of Turkey started in 2004. The study uses UNCTAD (2010)’s new database on cross-border Merger&Acquisitions (M&As) and obtain greenfield investment data

Keywords

FDI, greenfield investment versus brownfield investment, Turkish case

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