KURUMSAL DEĞİŞKENLERİN ULUSLARARASI DOĞRUDAN YATIRIMLAR ÜZERİNDEKİ ETKİSİ: ÜST-ORTA GELİR GRUBU ÜLKELER ÖRNEĞİ

Year 2012, Volume: 1 Issue: 1, 1 - 12, 01.01.2012

Bülent Doğru

Abstract

Geçen yirmi yılda uluslararası ticaretin tüm dünyada demokrasiyi teşvik eder hale gelmesi ve artan ekonomik globalizasyonun sonucu olarak, kurumlar ve doğrudan yabancı yatırımlar (DYY) arasındaki ilişki, giderek artan bir ilgi görmüştür. Bu çalışmada, sosyo ekonomik ve politik kurumsal değişkenlerin doğrudan yabancı yatırımlara olan etkisini 54 üst-orta gelir grubundaki gelişmekte olan ülke için panel data regresyon tekniğini kullanarak 1995-2011 dönemi için analiz etmekteyiz. Ampirik bulgulara göre kurumsal değişkenler DYY üzerine anlamlı etkiye sahiptirler ancak makroekonomik değişkenlerin DYY üzerine etkisi kurumsal değişkenlerden daha güçlüdür. Özellikle, piyasa hacmi göstergesi olan değişkenler, nüfusun artış hızı, global rekabet edebilirlik ve uluslararası ülke riski DYY’nin ülkeye girişinde önemli rol oynamaktadır.

Keywords

Kurumsal Değişkenler, Doğrudan Yabancı Yatırımlar, Üst-Orta Gelir Grubu Ülkeleri, Panel Data Regresyon

THE EFFECT OF INSTITUTIONAL VARIABLES ON FDI INFLOWS: EVIDENCE FROM UPPER-MIDDLE INCOME COUNTRIES

Abstract

For two decades, the relationship between institutions and foreign direct investment (FDI) is receiving a
growing attention as a result of increasing economic globalization and international trade promoting
democracy all over the world. In this paper, we investigate the impact of institutional variables, social,
economic and political, on foreign direct investment inflows into 54 upper-middle income developing
countries applying panel data regressions for the period 1995-2011. The findings suggest that the institutional
variables have significant effect on FDI inflows but their impact is weaker than macoreconomic variables.
Especially, the market size indicators, population growth rate, global competitiveness and international
country risk play a major role in attracting FDI. 

Keywords

Institutional Variables, Foreign Direct Investment, Upper-Middle Income Countries, Panel Data Analaysis

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