FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN TURKEY

Yıl 2019, Cilt: 24 Sayı: 4, 1181 - 1194, 30.10.2019

Marwa Benghoul Halil İbrahim Aydın

Öz

Foreign Direct Investment (FDI) has been considered as an important active driver of the economic growth for the host country, notably for the emerging ones. Although large research studies have investigated the determinants of FDI, governance indicators still not highly covered as some experts considered that quantifying such factors is not evident. This paper consists in examining the relationship between the economic growth and FDI in Turkey (1984-2017) with including aggregate variables that present two pillars of Governance Indicators: ‘control of corruption’ and ‘rule of law’. The results showed that the FDI is not crucial for the economic growth in Turkey, there is a positive relationship but there is no causality between FDI and the Turkish economic growth. Also, control of corruption and rule of law don’t have significant impact on the growth in Turkey

Anahtar Kelimeler

Foreign Direct Investment, Economic Growth, Granger Causality, VAR Model

TÜRKİYE’DE DOĞRUDAN YABANCI YATIRIM VE EKONOMİK BÜYÜME

Öz

Doğrudan Yabancı Yatırım (DYY), başta gelişmekte olan ülkeler olmak üzere, ev sahibi ülke için ekonomik büyümenin önemli bir aktif itici gücü olarak kabul edilmektedir. Çoğu araştırma, doğrudan yabancı yatırımların göstergelerini incelemiş olsa da, bazı faktörlerin belirlenmesinin açık olmadığı kanaatine varılan yönetişim göstergeleri hala yüksek oranda ele alınmamıştır. Bu makale, Türkiye'deki ekonomik büyüme ile DYY arasındaki ilişkiyi inceleyerek (1984-2017), Yönetişim Göstergelerinin iki ayağını temsil eden ‘yolsuzluğun kontrolü’ ve ‘hukukun rolü’ değişkenlerini dahil etmeyi amaçlamaktadır. Sonuçlar, DYY'nin Türkiye'deki ekonomik büyüme için çok önemli olmadığını göstermektedir. Ancak DYY ile Türkiye’deki ekonomik büyüme arasında bir nedensellik yoktur. Ayrıca yolsuzluğun kontrolü ve hukukun rolü değişkenleri de Türkiye’deki ekonomik büyüme üzerinde önemli bir etkiye sahip değildir.

Anahtar Kelimeler

Doğrudan Yabancı Yatırım, Ekonomik Büyüme, Nedensellik, VAR Modeli

Kaynakça

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