The Impact of Economic and Political Risk on Foreign Direct Investments (FDI)

Year 2025, Volume: 33 Issue: 66, 517 - 545

Hüseyin Kutbay , Şehnaz Altunakar Mercan

Abstract

The study aims to investigate the impact of economic and political risk on FDI inflows for selected countries. In the study where the panel data analysis method was used, the data of 66 countries whose data were available were used for 2002-2021. In addition, corruption control and trade openness data, which can be effective in FDI inflows, are included in the analysis as control variables. As a result of panel data analysis, it was determined that the economic and political risk index increases positively and significantly affects FDI inflows. The effect of trade openness on FDI was positive, while the impact of corruption control was negative, and this result supports the helping hand theory. It is thought that the results obtained will contribute to the literature.

Keywords

Economic Risk , Political Risk , Foreign Direct Investments

Ekonomik ve Politik Riskin Doğrudan Yabancı Yatırımlar (DYY) Üzerindeki Etkisi

Abstract

Çalışmanın amacı; ekonomik ve politik riskin DYY girişleri üzerindeki etkisini seçili ülkeler için araştırmaktır. Panel veri analiz yönteminin kullanıldığı çalışmada verilerine ulaşılabilen 66 ülkenin 2002-2021 dönemi verileri kullanılmıştır. Ayrıca DYY girişlerinde etkili olabilen yolsuzluk kontrolü ve ticari açıklık verileri kontrol değişken olarak analize dahil edilmiştir. Panel veri analizi neticesinde, ekonomik ve politik risk endeksindeki artışların DYY girişlerini pozitif ve anlamlı etkilediği belirlenmiştir. Ticari açıklığın DYY üzerindeki etkisi pozitif olarak tespit edilmişken, yolsuzluk kontrolünün etkisi negatif olarak tespit edilmiş olup bu sonuç yardım eli teorisini desteklemektedir. Elde edilen sonuçların literatüre katkı sağlayacağı düşünülmektedir.

Keywords

Ekonomik Risk , Politik Risk , Doğrudan Yabancı Yatırımlar

Ethical Statement

Yapılan bu çalışmada “Yükseköğretim Kurumları Bilimsel Araştırma ve Yayın Etiği Yönergesi” kapsamında uyulması belirtilen tüm kurallara uyulmuştur. Yönergenin ikinci bölümü olan “Bilimsel Araştırma ve Yayın Etiğine Aykırı Eylemler” başlığı altında belirtilen eylemlerden hiçbiri gerçekleştirilmemiştir. Araştırmanın uygulaması etik kurul izin zorunluluğu gerektirmemektedir

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