Spatial Determinants of Foreign Direct Investment: Evidence from OECD Countries

Abstract

The direct foreign investment movements (FDIM) often discussed through determinants, are notable in the literature for being primarily examined in terms of their economic aspects. However, it is observed that the importance of the spatial concept, a significant determinant of DFIM, is not adequately emphasized. The main purpose of the study, which focuses on this identified gap, is to determine the extent of the interaction between DFIM movements and spatial dynamics. In this regard, the spatial complex, regarded as a sociocultural foundation, is elaborated with its geographical and institutional dimensions. In the study, the spatial determinants of DFIM are investigated for OECD countries using the System Generalized Method of Moments (GMM) for the period 2001-2017. The results indicate that spatial dynamics play a decisive role in FDIM movements, with institutional indicators, in particular, exerting a higher level of influence.

Keywords

• Foreign Direct Investment
• Space
• Sociocultural Structure

Doğrudan Yabancı Sermaye Yatırımlarının Mekânsal Belirleyicileri: OECD Ülkeleri Örneği

Abstract

Belirleyicileri üzerinden sıklıkla ele alınan doğrudan yabancı sermaye yatırımlarının (DYSY), literatürde genellikle ekonomik yönüyle incelendiği dikkat çekmektedir. Diğer yandan, DYSY üzerinde önemli bir belirleyici olan mekânın önemine yeterince değinilmediği fark edilmektedir. Bahsi geçen eksikliğe odaklanan çalışmanın temel amacı, DYSY hareketleri ile mekânsal dinamikler arasında gerçekleşen etkileşimin boyutunu belirlemektir. Bu doğrultuda, sosyokültürel bir zemin olarak ele alınan mekân kompleksi; coğrafi ve kurumsal yönleriyle işlenmektedir. Çalışmada, DYSY’nin mekânsal belirleyicileri, OECD ülkeleri açısından; Sistem Genelleştirilmiş Momentler Yöntemi (GMM) kullanılarak, 2001-2017 dönemi için incelenmiştir. Ulaşılan sonuçlar neticesinde, mekânsal dinamiklerin DYSY hareketleri üzerinde belirleyici oldukları; özellikle kurumsal göstergelerin daha yüksek düzeyde etkide bulundukları tespit edilmiştir.

Keywords

• Doğrudan Yabancı Sermaye Yatırımları
• Mekân
• Sosyokültürel Yapı

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