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ANALYSIS OF FOREIGN DIRECT INVESTMENT POLICIES AND OF THE PERFORMANCE OF FDI FLOWS INTO TÜRKİYE

Yıl 2024, Cilt: 21 Sayı: 1, 118 - 127, 30.04.2024
https://doi.org/10.33437/ksusbd.1401753

Öz

The purpose of this paper is to overview Foreign Direct Investment (FDI) policies and legal framework over the years in Türkiye and analyze the performance of FDI inflows to the country by using total and sectoral FDI data over the period 1970-2022. With the recognition of positive spillover effects of FDI in bringing foreign exchanges, as well as new technologies, managerial and marketing skills to domestic industries, Türkiye opened its economic activities to foreign capitals by adopting liberal FDI laws and regulations in 1980, 1989, 2003 and 2012. Our study shows that immediately after these years, both aggregate FDI inflows and their sectoral distributions in Türkiye has changed dramatically. For instance, after the implementation of the FDI law in 2003, the service sector attracted the most of total FDI inflows.

Kaynakça

  • Aydoğan, E.T. (2017). Foreign Direct Investment in Türkiye: A comparison with the Central and Eastern European countries. Finans, Politik & Ekonomik Yorumlar 54 (626): 89-101.
  • Aydemir, C., Arslan, İ. and Uncu, F. (2012). Doğrudan Yabancı Yatırımların Dünya’daki ve Türkiye’deki Gelişimi. Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 23: 69-104
  • Aykut, D. and Sayek, S. (2007). The Role of the Sectoral Composition of Foreign Direct Investment on Growth. İçinde L. Piscitello and G.D. Santangelo (EDS.), Do Multinationals Feed Local Development and Growth? pp.35-59, Elsevier: London.
  • Bal, H. and Göz, D. (2010). Doğrudan Yabancı Sermaye Yatırımları ve Türkiye. Çukurova Üniversitesi Sosyal Bilimler Dergisi 19 (2): 450-467.
  • Balkanlı, A.O., (2019). Türkiye’de Doğrudan Yabancı Sermaye Yatırımlarının Gelişimi ve Ekonomik Büyümeye Etkisinin Ekonometrik Analizi (2005-2017). Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi 22 (1): 175-186.
  • OECD, (2023, July 22). OECD FDI Regulatory Restrictiveness Index. https://stats.oecd.org. Devlet Planlama Teşkilatı, DPT., (1983). 6224 Sayılı Kanuna Göre Türkiye’de Yabancı Sermaye Yabancı Sermaye Başkanlığı, Ankara.
  • OECD, (2023, July 12). FDI Data. https://data.oecd.org.
  • Cetin, R. (2005). An Empirical Investigation of the Impacts of Foreign Direct Investment on the Trade Performance of Türkiye: 1970-1999. [Yayınlanmamış doktora tezi]. Nottingham Trent University.
  • Çetinkaya, M. (2004). Türkiye Ekonomisinde Doğrudan Yabancı Sermaye Yatırımlarının Sektörel Dağılımının Önemi. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 11: 240-260.
  • Gül Hayta, D. (2011). Türkiye İmalat Sanayinde Doğrudan Yabancı Yatırım-Dış Ticaret İlişkisi: Tamamlayıcı mı? ikame mi?, [Yayınlanmamış yüksek lisans tezi]. İstanbul Teknik Üniversitesi.
  • Loewendahl, H. and Loewendahl, E.E. (2001). Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU enlargement. European Network of Economic Policy Research Institutes Working Paper No. 8/November.
  • Nicolas, F., Thomsen, S. and Bang, M-H. (2013). Lessons from Investment Policy Reform in Korea. OECD Working Papers on International Investment, 2013/02.
  • UNCTAD, (2006). Measuring Restrictions on FDI in Services in Developing Countries and Transition Economies. New York and Geneva,
  • -----------, (2023, June 11). Foreign Direct Investment: Inward and Outward Flows and Stocks. www.unctadstat.unctad.org.
  • Terin, M. ve Yıldırım, İ. (2008, Şubat 20-22). Türkiye’de Tarım Sektörüne Yapılan Doğrudan Yabancı Yatırımlar ve Gelişim Seyri. [Paper presentation]. 2. Ulusal İktisat Kongresi, İzmir.
  • Thomson Reuters. (2020, July 15). Doing Business in Türkiye: Overview. https://uk.practicallaw.thomsonreuters.com.
  • Turkish Investment Office. (2022, July 4). Türkiye Real Estate Market Overview. https://www.invest.gov.tr.
  • World Bank, (2020, July 11). Starting a Business. https://www.doingbusiness.org.
  • YASED, (2006, April, 17). Priority List of Foreign Investors Problems. http//www.yased.org.tr.
  • YASED, (2011). Investment Environment in Turkey. İstanbul.
  • YASED, (2013, June 18). Annual Report 2013. https://yased-api.yased.org.tr.
  • YASED, (2019, June 18). Annual Report 2019. https://yased-api.yased.org.tr.
  • YASED, (2022, June 18)). Annual Report 2022. https://yased-api.yased.org.tr.
  • Yılmaz, N.K., Cooke, F.L. and Dellious, R. (2007). Turkey’s FDI Policy Chinese Foreign Direct Investments in Turkey: Some economic and management implications. Global Business Review 8 (1): 19-44.
  • Yükseler, Z. (2005). The Financial Liberalization: the Turkish experience, The, Central Bank of Türkiye.

Analysıs of Foreıgn Direct Investment Policies and of the Performance of FDI Flows into Türkiye

Yıl 2024, Cilt: 21 Sayı: 1, 118 - 127, 30.04.2024
https://doi.org/10.33437/ksusbd.1401753

Öz

The purpose of this paper is to overview Foreign Direct Investment (FDI) policies and legal framework over the years in Türkiye and analyze the performance of FDI inflows to the country by using total and sectoral FDI data over the period 1970-2022. With the recognition of positive spillover effects of FDI in bringing foreign exchanges, as well as new technologies, managerial and marketing skills to domestic industries, Türkiye opened its economic activities to foreign capitals by adopting liberal FDI laws and regulations in 1980, 1989, 2003 and 2012. Our study shows that immediately after these years, both aggregate FDI inflows and their sectoral distributions in Türkiye has changed dramatically. For instance, after the implementation of the FDI law in 2003, the service sector attracted the most of total FDI inflows.

Kaynakça

  • Aydoğan, E.T. (2017). Foreign Direct Investment in Türkiye: A comparison with the Central and Eastern European countries. Finans, Politik & Ekonomik Yorumlar 54 (626): 89-101.
  • Aydemir, C., Arslan, İ. and Uncu, F. (2012). Doğrudan Yabancı Yatırımların Dünya’daki ve Türkiye’deki Gelişimi. Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 23: 69-104
  • Aykut, D. and Sayek, S. (2007). The Role of the Sectoral Composition of Foreign Direct Investment on Growth. İçinde L. Piscitello and G.D. Santangelo (EDS.), Do Multinationals Feed Local Development and Growth? pp.35-59, Elsevier: London.
  • Bal, H. and Göz, D. (2010). Doğrudan Yabancı Sermaye Yatırımları ve Türkiye. Çukurova Üniversitesi Sosyal Bilimler Dergisi 19 (2): 450-467.
  • Balkanlı, A.O., (2019). Türkiye’de Doğrudan Yabancı Sermaye Yatırımlarının Gelişimi ve Ekonomik Büyümeye Etkisinin Ekonometrik Analizi (2005-2017). Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi 22 (1): 175-186.
  • OECD, (2023, July 22). OECD FDI Regulatory Restrictiveness Index. https://stats.oecd.org. Devlet Planlama Teşkilatı, DPT., (1983). 6224 Sayılı Kanuna Göre Türkiye’de Yabancı Sermaye Yabancı Sermaye Başkanlığı, Ankara.
  • OECD, (2023, July 12). FDI Data. https://data.oecd.org.
  • Cetin, R. (2005). An Empirical Investigation of the Impacts of Foreign Direct Investment on the Trade Performance of Türkiye: 1970-1999. [Yayınlanmamış doktora tezi]. Nottingham Trent University.
  • Çetinkaya, M. (2004). Türkiye Ekonomisinde Doğrudan Yabancı Sermaye Yatırımlarının Sektörel Dağılımının Önemi. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 11: 240-260.
  • Gül Hayta, D. (2011). Türkiye İmalat Sanayinde Doğrudan Yabancı Yatırım-Dış Ticaret İlişkisi: Tamamlayıcı mı? ikame mi?, [Yayınlanmamış yüksek lisans tezi]. İstanbul Teknik Üniversitesi.
  • Loewendahl, H. and Loewendahl, E.E. (2001). Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU enlargement. European Network of Economic Policy Research Institutes Working Paper No. 8/November.
  • Nicolas, F., Thomsen, S. and Bang, M-H. (2013). Lessons from Investment Policy Reform in Korea. OECD Working Papers on International Investment, 2013/02.
  • UNCTAD, (2006). Measuring Restrictions on FDI in Services in Developing Countries and Transition Economies. New York and Geneva,
  • -----------, (2023, June 11). Foreign Direct Investment: Inward and Outward Flows and Stocks. www.unctadstat.unctad.org.
  • Terin, M. ve Yıldırım, İ. (2008, Şubat 20-22). Türkiye’de Tarım Sektörüne Yapılan Doğrudan Yabancı Yatırımlar ve Gelişim Seyri. [Paper presentation]. 2. Ulusal İktisat Kongresi, İzmir.
  • Thomson Reuters. (2020, July 15). Doing Business in Türkiye: Overview. https://uk.practicallaw.thomsonreuters.com.
  • Turkish Investment Office. (2022, July 4). Türkiye Real Estate Market Overview. https://www.invest.gov.tr.
  • World Bank, (2020, July 11). Starting a Business. https://www.doingbusiness.org.
  • YASED, (2006, April, 17). Priority List of Foreign Investors Problems. http//www.yased.org.tr.
  • YASED, (2011). Investment Environment in Turkey. İstanbul.
  • YASED, (2013, June 18). Annual Report 2013. https://yased-api.yased.org.tr.
  • YASED, (2019, June 18). Annual Report 2019. https://yased-api.yased.org.tr.
  • YASED, (2022, June 18)). Annual Report 2022. https://yased-api.yased.org.tr.
  • Yılmaz, N.K., Cooke, F.L. and Dellious, R. (2007). Turkey’s FDI Policy Chinese Foreign Direct Investments in Turkey: Some economic and management implications. Global Business Review 8 (1): 19-44.
  • Yükseler, Z. (2005). The Financial Liberalization: the Turkish experience, The, Central Bank of Türkiye.
Toplam 25 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uluslararası İşletmecilik
Bölüm Makaleler
Yazarlar

Rahmi Çetin 0000-0001-5094-3961

Yayımlanma Tarihi 30 Nisan 2024
Gönderilme Tarihi 7 Aralık 2023
Kabul Tarihi 7 Mart 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 21 Sayı: 1

Kaynak Göster

APA Çetin, R. (2024). Analysıs of Foreıgn Direct Investment Policies and of the Performance of FDI Flows into Türkiye. Kahramanmaraş Sütçü İmam Üniversitesi Sosyal Bilimler Dergisi, 21(1), 118-127. https://doi.org/10.33437/ksusbd.1401753

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