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DOĞRUDAN YABANCI YATIRIM VE EKONOMİK ÖZGÜRLÜKLER İLİŞKİSİ: OECD ÜLKELERİ ÜZERİNE BİR NEDENSELLİK ANALİZİ

Year 2019, Volume: 9 Issue: 2, 350 - 360, 31.12.2019

Özlem Öztürk Çetanak , Selen Yılmaz Uzlaşır

Abstract

1980 sonrası
küresel ekonomideki değişim, ülkeler arasında var olan sınırlamaları azaltarak
ülkeler arasındaki entegrasyon derecesini artırdı. 1980'li yıllardan itibaren
gelişmiş ve gelişmekte olan ülkeler arasında kalkınma biçimlerindeki ekonomik
ilişkiler, daha sonra doğrudan yabancı yatırımlar (DYY) gibi ekonomik
kriterlerin var olduğu yerlere sermaye akışlarına aktarılmıştır. Özellikle,
gelişmekte olan ülkelerin ekonomik kalkınma ve istikrarı sağlamak ve gelişimsel
farklılıkları kapatmak için yoğun olarak yatırım yapmaları gerekmektedir.
Literatürde, bir ülkede DYY'nin performansını etkilediğini gösteren çok sayıda
teorik ve ampirik çalışma bulunmaktadır. Son zamanlarda, ekonomik özgürlük ve
DYY arasında olası bir ilişki vurgulanmıştır. Bu doğrultuda, OECD ülkelerinin
1997-2016 dönemi için doğrudan yabancı yatırımlar ve ekonomik özgürlükler
arasındaki nedensellik ilişkisinin belirlenmesi amaçlanmıştır. Yapılan analiz
sonucunda DYY'den ekonomik özgürlüğe doğru nedensellik ilişkisi bulunmamakta
fakat ekonomik özgürlükten DYY’ye doğru nedensellik ilişkisi bulunmaktadır.

Keywords

Anahtar kelimeler: Ekonomik Özgürlük Doğrudan Yabancı Yatırım

Supporting Institution

2017

References

  • AJAYI, S. (2006). “FDI and Economic Development in Africa”, ADB/AERC International Conference on Accelerating Africa’s Development Five Years into the Twenty‐First Century, Tunis.
  • BEACH, WW. and MILES, MA. (2005). “Explaining the Factors of the Index of Economic Freedom”, in Index of Economic Freedom, Edited Marc A. Miles, Edwin J. Feulner, and Mary A. O’Grady. Washington: Heritage Foundation, 57–78.
  • BENGOA, M. and SANCHEZ-ROBLES, B. (2003). “Foreign Direct Investment, Economic Freedom and Growth: New Evidence from Latin America”, European Journal of Political Economy 19 (3): 529-545.
  • DUMITRESCU, EI. and HURLIN, C. (2012). “Testing for Granger Non-causality in Heterogeneous Panels”, Economic Modelling, 29(4):1450-1460.
  • ERÇAKAL, M. ve KARAGÖL, E. (2011). “Türkiye’de Doğrudan Yabancı Yatırımlar”, Seta Analiz, (33): 4-23.
  • EWE-GHEE, L. (2001). “Determinants of, and the Relation Between Foreign Direct Investment and Growth”, IMF Working Papers 01/175, International Monetary Fund.
  • FOFANA, MF. (2014). “The Influence of Measures of Economic Freedom on FDI: A Comparison of Western Europe and Sub-Saharan Africa”, Global Economy Journal 14 (3-4): 399–424.
  • GWARTNEY, JD. and LAWSON, RA. (2003). “Economic Freedom of the World— 2002 Annual Report, Vancouver: Fraser Institute.
  • MOHAMED, SE. and SİDİROPOULOS, MG. (2010). “Another Look At The Determinants of Foreign Direct Investment In Mena Countries: An Empirical Investigation”, Journal of Economic Development 35 (2):75-95.
  • MOUSSA, M., ÇAHA, H. and KARAGÖZ M. (2016). “Review of Economic Freedom Impact on FDI: New Evidence from Fragile and Conflict Countries”, Procedia Economics and Finance 38 ( 2016 ):163 – 173.
  • PEARSON, D., NYONNA D. and KIM K. (2012), “The Relationship Between Economic Freedom, State Growth and Foreign Direct Investment in US States”, International Journal of Economics and Finance; 4(10): 140-146.
  • PESARAN, MH. (2004). “General Diagnostic Test for Cross Section Dependence in Panels”,Working Paper, University of Cambridge & USC.
  • PESARAN, MH. (2007). “A Simple Panel Unit Root Test In The Presence of Cross Section Dependence”, Journal of Applied Econometrics 22: 265–312.
  • QUAZI, R. (2007). “Economic Freedom and Foreign Direct Investment in East Asia”, Journal of the Asia Pacific Economy 12 (3): 329–344.
  • ROY, S. and MANDAL, K. (2002). “Foreign Direct Investment and Economic Growth: A Cross-Country Exploration in Asia using Panel Cointegration Technique”.
  • SALVATORE, D. (2011). International Economics, Wiley, New York.
  • SAMBHARYA, R. and RASHEED, A. (2015). “Does Economic Freedom in Host Countries Lead to Increase Foreign Direct Investment?”, Competitiveness Review 25 (1): 2-24.
  • ZGHIDI, N., SGHAIER, I. and ABIDA, Z. (2016). “Does Economic Freedom Enhance the Impact of Foreign Direct Investment on Economic Growth in North African Countries? A Panel Data Analysis”, African Development Review, 28(1):64-74.

Year 2019, Volume: 9 Issue: 2, 350 - 360, 31.12.2019

Özlem Öztürk Çetanak , Selen Yılmaz Uzlaşır

Abstract

References

  • AJAYI, S. (2006). “FDI and Economic Development in Africa”, ADB/AERC International Conference on Accelerating Africa’s Development Five Years into the Twenty‐First Century, Tunis.
  • BEACH, WW. and MILES, MA. (2005). “Explaining the Factors of the Index of Economic Freedom”, in Index of Economic Freedom, Edited Marc A. Miles, Edwin J. Feulner, and Mary A. O’Grady. Washington: Heritage Foundation, 57–78.
  • BENGOA, M. and SANCHEZ-ROBLES, B. (2003). “Foreign Direct Investment, Economic Freedom and Growth: New Evidence from Latin America”, European Journal of Political Economy 19 (3): 529-545.
  • DUMITRESCU, EI. and HURLIN, C. (2012). “Testing for Granger Non-causality in Heterogeneous Panels”, Economic Modelling, 29(4):1450-1460.
  • ERÇAKAL, M. ve KARAGÖL, E. (2011). “Türkiye’de Doğrudan Yabancı Yatırımlar”, Seta Analiz, (33): 4-23.
  • EWE-GHEE, L. (2001). “Determinants of, and the Relation Between Foreign Direct Investment and Growth”, IMF Working Papers 01/175, International Monetary Fund.
  • FOFANA, MF. (2014). “The Influence of Measures of Economic Freedom on FDI: A Comparison of Western Europe and Sub-Saharan Africa”, Global Economy Journal 14 (3-4): 399–424.
  • GWARTNEY, JD. and LAWSON, RA. (2003). “Economic Freedom of the World— 2002 Annual Report, Vancouver: Fraser Institute.
  • MOHAMED, SE. and SİDİROPOULOS, MG. (2010). “Another Look At The Determinants of Foreign Direct Investment In Mena Countries: An Empirical Investigation”, Journal of Economic Development 35 (2):75-95.
  • MOUSSA, M., ÇAHA, H. and KARAGÖZ M. (2016). “Review of Economic Freedom Impact on FDI: New Evidence from Fragile and Conflict Countries”, Procedia Economics and Finance 38 ( 2016 ):163 – 173.
  • PEARSON, D., NYONNA D. and KIM K. (2012), “The Relationship Between Economic Freedom, State Growth and Foreign Direct Investment in US States”, International Journal of Economics and Finance; 4(10): 140-146.
  • PESARAN, MH. (2004). “General Diagnostic Test for Cross Section Dependence in Panels”,Working Paper, University of Cambridge & USC.
  • PESARAN, MH. (2007). “A Simple Panel Unit Root Test In The Presence of Cross Section Dependence”, Journal of Applied Econometrics 22: 265–312.
  • QUAZI, R. (2007). “Economic Freedom and Foreign Direct Investment in East Asia”, Journal of the Asia Pacific Economy 12 (3): 329–344.
  • ROY, S. and MANDAL, K. (2002). “Foreign Direct Investment and Economic Growth: A Cross-Country Exploration in Asia using Panel Cointegration Technique”.
  • SALVATORE, D. (2011). International Economics, Wiley, New York.
  • SAMBHARYA, R. and RASHEED, A. (2015). “Does Economic Freedom in Host Countries Lead to Increase Foreign Direct Investment?”, Competitiveness Review 25 (1): 2-24.
  • ZGHIDI, N., SGHAIER, I. and ABIDA, Z. (2016). “Does Economic Freedom Enhance the Impact of Foreign Direct Investment on Economic Growth in North African Countries? A Panel Data Analysis”, African Development Review, 28(1):64-74.
There are 18 citations in total.

Details

Primary Language Turkish
Journal Section DERGİNİN TAMAMI
Authors

Özlem Öztürk Çetanak 0000-0003-2014-0740

Selen Yılmaz Uzlaşır 0000-0001-7655-9255

Publication Date December 31, 2019
Published in Issue Year 2019 Volume: 9 Issue: 2

Cite

APA Öztürk Çetanak, Ö., & Yılmaz Uzlaşır, S. (2019). DOĞRUDAN YABANCI YATIRIM VE EKONOMİK ÖZGÜRLÜKLER İLİŞKİSİ: OECD ÜLKELERİ ÜZERİNE BİR NEDENSELLİK ANALİZİ. Nevşehir Hacı Bektaş Veli Üniversitesi SBE Dergisi, 9(2), 350-360.