AN INQUIRY ON THE LIKELY EFFECTS OF CORRUPTION ON THE FOREIGN DIRECT INVESTMENTS IN TURKEY

Year 2016, Volume: 34 Issue: 4, 71 - 96, 31.12.2016

Umur Tosun Mehmet Onur Yurdakul

https://doi.org/10.17065/huniibf.310523

Cited By: 2

Abstract

There is no consensus in the literature about the
direction of the impact of corruption on foreign direct investments. The aim of
this paper is to explore the likely effects of corruption on the foreign direct
investments in Turkey. For this purpose, the determinants of foreign direct
investments inflows to Turkey from 19 countries over the period of 2002-2012
are examined by means of panel analysis through refining the “Gravity Model” by
adding control variables and corruption indicators. The results indicate that
the Turkish foreign direct investment inflows have both market and efficiency
seeking patterns and corruption is a critical factor for the foreign direct
investment inflows.

Keywords

Gravity, corruption, foreign direct investment, panel data analysis

TÜRKİYE’DE YOLSUZLUĞUN DOĞRUDAN YABANCI YATIRIMLAR ÜZERİNDEKİ OLASI ETKİLERİ ÜZERİNE BİR ARAŞTIRMA

Abstract

Yolsuzluğun doğrudan yabancı yatırımlar üzerindeki
etkisinin yönü konusunda literatürde bir görüş birliği bulunmamaktadır.
Çalışmanın amacı Türkiye'de yolsuzluğun doğrudan yabancı yatırımlar üzerindeki
muhtemel etkilerinin araştırılmasıdır. Bu amaçla, panel analiz yöntemi
kullanmak suretiyle 2002-2012 arasında 19 ülkeden Türkiye’ye yapılan doğrudan
yabancı yatırımların nedenleri “Çekim Modeli”ne, kontrol değişkenleri ve
yolsuzluk göstergeleri eklenmek suretiyle incelenmiştir. Çalışma sonuçları
Türkiye'ye gelen doğrudan yabancı yatırımların pazar ve etkinlik arama niteliği
bulunduğuna ve yolsuzluğun doğrudan yabancı yatırımlar için belirleyici bir
faktör olduğuna işaret etmektedir.

 

Keywords

Çekim, yolsuzluk, doğrudan yabancı yatırım, panel veri analizi

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