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EFFECT ON DIRECT FOREIGN INVESTMENTS ON ECONOMIC GROWTH AND UNEMPLOYMENT / Doğrudan Yabancı Yatırımların Ekonomik Büyüme Ve İşsizlik Üzerindeki Etkisi

Year 2017, Volume: 1 Issue: 2, 191 - 205, 31.10.2017
https://doi.org/10.29216/ueip.344854

Abstract

With the
globalization trend intensified in the 1980s, developing countries began to
look attractive to capital investments and foreign direct investments.
Developing countries have had the opportunity to learn and use
information-intensive elements such as technology, R&D and direct
investments from outside. The investments made increase the production level by
adding resources that are left idle due to technology inadequacy in the
country. Developing countries expect to gain significant advantages in terms of
sustainable growth with these investments. While advocating positive aspects
such as the support of foreign direct investment for growth in terms of
developing countries, there are also views that favor negative aspects such as
the exploitation of cheap resources or unemployment. In this study, the effect
of foreign direct investment on growth and employment are investigated for the
year 1988-2016 for Turkey. According to Toda-Yamamoto test results, direct
foreign investments in Turkey have not been found to have causality
relationship with national income and unemployment.    

References

  • Adda, Jacques, (2002), Ekonominin Küreselleşmesi, İletişim Yayınları, İstanbul.
  • Aktar, İsmail, Nedret Demirci ve Latif Öztürk, (2009), “Can Unemployment be Cured by Economic Growth and Foreign Direct Investment?”, SÜ İİBF Sosyal ve Ekonomik Araştırmalar Dergisi, 17(2), 453-467.
  • Alimi, Santos R. and Chris C. Ofonyelu, (2013), “Toda-Yamamoto Causality Test Between Money Market Interest Rate and Expected Inflation: The Fisher Hypothesis Revisited”, European Scientific Journal, 9(7), 125-142.
  • Bhattacharya, Basabi and Jaydeep Mukherjee, (2002). “Causal Relationship Between Stock Market and Exchange Rate, Foreign Exchange Reserves and Value of Trade Balance: A Case Study For India”, http://www.igidr.ac.in/conf/oldmoney/ mfc_5/basabi.pdf, E.T: 07.09.2017.
  • Bhattacharya, M. and Sharad Nath B., (2014), “Economic Growth and Energy Consumption Nexus in Developing World: The Case of China and India”, Journal of Applied Economics and Business Research JAEBR, 4, 150- 167.
  • Champlın, D., Paulette O., (1999), “The Impact of Globalization on U.S Labor Markets: Redefining the Debate” Journal of Economic Issues, 33(2).
  • Chang, Shu Chen, (2007), “The Interactions Among Foreign Direct Investment, Economic Growth, Degree of Openness and Unemployment in Taiwan”, Applied Economics, 39(13), 1647-1661.
  • Çetinkaya, Murat, (2004), “Türkiye Ekonomisinde Doğrudan Yabancı Sermaye Yatırımlarının Sektörel Dağılımının Önemi”, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 11, 239-260.
  • Djambaska, E., Aleksandra L., (2015), “Foreign Direct Investment and Unemployment Evidence from the Republic of Macedonia”, International Journal of Economics, Commerce and Management, 12(3), 73-85.
  • DPT, (2000), Küreselleşme (Özel İhtisas Komisyonu Raporu), Ankara.
  • Göçer, İ., Mehmet Mercan ve Osman Peker, (2013), “İhracat, Doğrudan Yabancı Yatırımlar ve İşsizlik: Türkiye Örneği”, Business and Economics Research Journal, 4(1), 103-120.
  • Grahovac, Dijana and Senad Softic, (2017), “Impact of The FDI on Unemployment Rate in Countries of West Balkan”, Review of Innovation and Compatitiveness, 3(2), 65-82.
  • Gujarati, Damodar N. and Dawn C. Porter, (2014), Temel Ekonometri, Literatür Yayıncılık, İstanbul. Irpan, H. Muhd, Rosfadzimi Mat Saad, Abu Hassan Shaari Md Nor, Abd Halim Md Noor and Noorazilah Ibrahim, (2016), “Impact of Foreign Direct Investment on the Unemployment Rate in Malaysia”, Journal of Physics: Conference Series, 1-10.
  • Karadaş, H. Ahmet, Şerife Merve Koşaroğlu ve Esengül Salihoğlu, (2017), “Enerji Tüketimi ve Ekonomik Büyüme”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 18(1), 129-141.
  • Karluk, Rıdvan. (2013), Uluslararası Ekonomi Teori – Politika, Beta Yayınevi, İstanbul.
  • Karluk, Rıdvan. (2014), Türkiye Ekonomisi Cumhuriyet’in İlanından Günümüze Yapısal Dönüşüm, Beta Yayınları, İstanbul.
  • Mucuk, Mehmet ve M. Tahir Demirsel, (2013), “The Effect of Foreign Direct Investments on Unemployment: Evidence from Panel Data fornSeven Developing Countries”, Journal of Business, Economic&Finance, 2(3), 53-66.
  • Oladipo, Olajide S., (2009), “Does Saving Really Matter for Growth in Developing Countries? The Case of a Small Open Economy”, https://economics.ca/ 2009/papers/0619.pdf, E.T: 07.09.2017.
  • Palat, M., (2011), “The Impact of Foreign Direct Investments on Unemployment ın Japan”, Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 59(7), 261-266.
  • Saray, Ozan, (2011), “Doğrudan Yabancı Yatırımlar – İstihdam İlişkisi: Türkiye Örneği”, Maliye Dergisi, 161(2), 381-403.
  • Seyidoğlu, Halil, (2015), Uluslararası İktisat Teori, Politika ve Uygulama, Güzem Can Yayınları, İstanbul.
  • Shaari, M. Shahidan, Nor Ermawati Hussain and Mohd Suberi Bin Ab. Halim. (2012), “The Impact of Foreign Direct Investments on the Unemployment Rate and Economic Growth in Malaysia”, Journal of Applied Sciences Research, 8(9), 4900-4906.
  • Soydal, Harun, (2006), “Türkiye’de Doğrudan Yabancı Sermaye Yatırımlarının Verimlilik Analizi: Otomotiv Sektörü Üzerine Bir Uygulama”, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 16, 577-604.
  • Stamatiou, Pavlos and Nikolaos Dritsakis, (2014), “The Impact of Foreign Direct Investments on the Unemployment Rate and Economic Growth in Greece: A Time Series Analysis”, International Work-Conferance on Time Series Analysis (Granda), 1, 97-108.
  • Strat, V. Alecsandru, Adriana Davidescu and Andreea Maria Paul, (2014), “FDI and The Unemployment – A Causality Analysis for The Latest EU Members”, Procedia Economics and Finance, 23, 635-643.
  • Şahin, Hüseyin, (2014), Türkiye Ekonomisi, Ezgi Kitabevi, Bursa.
  • T.C. Hazine Müşteşatlığı, https://m.hazine.gov.tr/File/?path=ROOT%2F1%2F Documents%2FSayfalar%2FEkonomi_Sunumu.pdf
  • Taş, İsmail, (2013), “Büyümenin Dinamiği Üzerine Bir Nedensellik Analizi”, Akademik Sosyal Araştırmalar Dergisi, 1(1), 69-86.
  • Toda, Hiro Y. and Taku Yamamoto, (1995), “Statistical Inference in Vector Autoregressions With Possibly Integrated Process”, Journal of Econometrics, 66, 225-250.
  • UNCTAD (1999), “World Investment Report 1999 Foreign Direct Investment and the Challenge of Development”, United Nations Conferance on Trade and Development.
  • Velnampy, Thirunavukkarasu, Sivapalan Achchuthan and Rajendran Kajananthan. (2013), “Foreign Direct Investments, Economic Growth and Unemployment: Evidence from Sri Lanka”, Annamali Business Review, 4(1), 2013.
  • Vergil, Hasan ve Necla Ayaş. (2009), “Doğrudan Yabancı Yatırımların İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat, İşletme ve Finans Dergisi, 24(275), 89-114.

DOĞRUDAN YABANCI YATIRIMLARIN EKONOMİK BÜYÜME VE İŞSİZLİK ÜZERİNDEKİ ETKİSİ / Effect On Direct Foreign Investments On Economic Growth And Unemployment

Year 2017, Volume: 1 Issue: 2, 191 - 205, 31.10.2017
https://doi.org/10.29216/ueip.344854

Abstract

1980’lerde yoğunlaşan
küreselleşme akımıyla gelişmekte olan ülkeler, sermaye yatırımları ve doğrudan
yabancı yatırımlara cazip bakmaya başlamışlardır. Gelişmekte olan ülkeler,
dışardan aldıkları doğrudan yatırımlarla birlikte teknoloji, Ar-Ge gibi bilgi
yoğun unsurları öğrenme ve kullanma fırsatı yakalamıştır. Yapılan yatırımlar
ülkede teknoloji yetersizliği nedeniyle atıl kalan kaynakları üretime katarak
üretim düzeyini artırmaktadır. Gelişmekte olan ülkeler bu yatırımlarla
sürdürülebilir büyüme açısından önemli avantajlar elde etmeyi beklemektedir. Gelişmekte
olan ülkeler açısından doğrudan yabancı yatırımların büyümeye destek olması
gibi olumlu yanları savunulurken, ucuz kaynakların sömürülmesi ya da işsizliğe
sebep olması gibi olumsuz yanlarını da savunan görüşler de mevcuttur.  Bu çalışmada Türkiye için 1988-2016 dönemine
ait yıllık verilerle doğrudan yabancı yatırımların büyüme ve istihdama olan
etkisi araştırılmıştır.
Toda-Yamamoto
test
sonuçlarına göre, Türkiye’de doğrudan yabancı yatırımların
milli gelir ve işsizlikle nedensellik ilişkisi bulunamamıştır. 

References

  • Adda, Jacques, (2002), Ekonominin Küreselleşmesi, İletişim Yayınları, İstanbul.
  • Aktar, İsmail, Nedret Demirci ve Latif Öztürk, (2009), “Can Unemployment be Cured by Economic Growth and Foreign Direct Investment?”, SÜ İİBF Sosyal ve Ekonomik Araştırmalar Dergisi, 17(2), 453-467.
  • Alimi, Santos R. and Chris C. Ofonyelu, (2013), “Toda-Yamamoto Causality Test Between Money Market Interest Rate and Expected Inflation: The Fisher Hypothesis Revisited”, European Scientific Journal, 9(7), 125-142.
  • Bhattacharya, Basabi and Jaydeep Mukherjee, (2002). “Causal Relationship Between Stock Market and Exchange Rate, Foreign Exchange Reserves and Value of Trade Balance: A Case Study For India”, http://www.igidr.ac.in/conf/oldmoney/ mfc_5/basabi.pdf, E.T: 07.09.2017.
  • Bhattacharya, M. and Sharad Nath B., (2014), “Economic Growth and Energy Consumption Nexus in Developing World: The Case of China and India”, Journal of Applied Economics and Business Research JAEBR, 4, 150- 167.
  • Champlın, D., Paulette O., (1999), “The Impact of Globalization on U.S Labor Markets: Redefining the Debate” Journal of Economic Issues, 33(2).
  • Chang, Shu Chen, (2007), “The Interactions Among Foreign Direct Investment, Economic Growth, Degree of Openness and Unemployment in Taiwan”, Applied Economics, 39(13), 1647-1661.
  • Çetinkaya, Murat, (2004), “Türkiye Ekonomisinde Doğrudan Yabancı Sermaye Yatırımlarının Sektörel Dağılımının Önemi”, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 11, 239-260.
  • Djambaska, E., Aleksandra L., (2015), “Foreign Direct Investment and Unemployment Evidence from the Republic of Macedonia”, International Journal of Economics, Commerce and Management, 12(3), 73-85.
  • DPT, (2000), Küreselleşme (Özel İhtisas Komisyonu Raporu), Ankara.
  • Göçer, İ., Mehmet Mercan ve Osman Peker, (2013), “İhracat, Doğrudan Yabancı Yatırımlar ve İşsizlik: Türkiye Örneği”, Business and Economics Research Journal, 4(1), 103-120.
  • Grahovac, Dijana and Senad Softic, (2017), “Impact of The FDI on Unemployment Rate in Countries of West Balkan”, Review of Innovation and Compatitiveness, 3(2), 65-82.
  • Gujarati, Damodar N. and Dawn C. Porter, (2014), Temel Ekonometri, Literatür Yayıncılık, İstanbul. Irpan, H. Muhd, Rosfadzimi Mat Saad, Abu Hassan Shaari Md Nor, Abd Halim Md Noor and Noorazilah Ibrahim, (2016), “Impact of Foreign Direct Investment on the Unemployment Rate in Malaysia”, Journal of Physics: Conference Series, 1-10.
  • Karadaş, H. Ahmet, Şerife Merve Koşaroğlu ve Esengül Salihoğlu, (2017), “Enerji Tüketimi ve Ekonomik Büyüme”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 18(1), 129-141.
  • Karluk, Rıdvan. (2013), Uluslararası Ekonomi Teori – Politika, Beta Yayınevi, İstanbul.
  • Karluk, Rıdvan. (2014), Türkiye Ekonomisi Cumhuriyet’in İlanından Günümüze Yapısal Dönüşüm, Beta Yayınları, İstanbul.
  • Mucuk, Mehmet ve M. Tahir Demirsel, (2013), “The Effect of Foreign Direct Investments on Unemployment: Evidence from Panel Data fornSeven Developing Countries”, Journal of Business, Economic&Finance, 2(3), 53-66.
  • Oladipo, Olajide S., (2009), “Does Saving Really Matter for Growth in Developing Countries? The Case of a Small Open Economy”, https://economics.ca/ 2009/papers/0619.pdf, E.T: 07.09.2017.
  • Palat, M., (2011), “The Impact of Foreign Direct Investments on Unemployment ın Japan”, Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 59(7), 261-266.
  • Saray, Ozan, (2011), “Doğrudan Yabancı Yatırımlar – İstihdam İlişkisi: Türkiye Örneği”, Maliye Dergisi, 161(2), 381-403.
  • Seyidoğlu, Halil, (2015), Uluslararası İktisat Teori, Politika ve Uygulama, Güzem Can Yayınları, İstanbul.
  • Shaari, M. Shahidan, Nor Ermawati Hussain and Mohd Suberi Bin Ab. Halim. (2012), “The Impact of Foreign Direct Investments on the Unemployment Rate and Economic Growth in Malaysia”, Journal of Applied Sciences Research, 8(9), 4900-4906.
  • Soydal, Harun, (2006), “Türkiye’de Doğrudan Yabancı Sermaye Yatırımlarının Verimlilik Analizi: Otomotiv Sektörü Üzerine Bir Uygulama”, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 16, 577-604.
  • Stamatiou, Pavlos and Nikolaos Dritsakis, (2014), “The Impact of Foreign Direct Investments on the Unemployment Rate and Economic Growth in Greece: A Time Series Analysis”, International Work-Conferance on Time Series Analysis (Granda), 1, 97-108.
  • Strat, V. Alecsandru, Adriana Davidescu and Andreea Maria Paul, (2014), “FDI and The Unemployment – A Causality Analysis for The Latest EU Members”, Procedia Economics and Finance, 23, 635-643.
  • Şahin, Hüseyin, (2014), Türkiye Ekonomisi, Ezgi Kitabevi, Bursa.
  • T.C. Hazine Müşteşatlığı, https://m.hazine.gov.tr/File/?path=ROOT%2F1%2F Documents%2FSayfalar%2FEkonomi_Sunumu.pdf
  • Taş, İsmail, (2013), “Büyümenin Dinamiği Üzerine Bir Nedensellik Analizi”, Akademik Sosyal Araştırmalar Dergisi, 1(1), 69-86.
  • Toda, Hiro Y. and Taku Yamamoto, (1995), “Statistical Inference in Vector Autoregressions With Possibly Integrated Process”, Journal of Econometrics, 66, 225-250.
  • UNCTAD (1999), “World Investment Report 1999 Foreign Direct Investment and the Challenge of Development”, United Nations Conferance on Trade and Development.
  • Velnampy, Thirunavukkarasu, Sivapalan Achchuthan and Rajendran Kajananthan. (2013), “Foreign Direct Investments, Economic Growth and Unemployment: Evidence from Sri Lanka”, Annamali Business Review, 4(1), 2013.
  • Vergil, Hasan ve Necla Ayaş. (2009), “Doğrudan Yabancı Yatırımların İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat, İşletme ve Finans Dergisi, 24(275), 89-114.
There are 32 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section RESEARCH ARTICLES
Authors

İlkay Noyan Yalman

Şerife Merve Koşaroğlu

Publication Date October 31, 2017
Published in Issue Year 2017 Volume: 1 Issue: 2

Cite

APA Noyan Yalman, İ., & Koşaroğlu, Ş. M. (2017). DOĞRUDAN YABANCI YATIRIMLARIN EKONOMİK BÜYÜME VE İŞSİZLİK ÜZERİNDEKİ ETKİSİ / Effect On Direct Foreign Investments On Economic Growth And Unemployment. Uluslararası Ekonomi İşletme Ve Politika Dergisi, 1(2), 191-205. https://doi.org/10.29216/ueip.344854

Recep Tayyip Erdogan University
Faculty of Economics and Administrative Sciences
Department of Economics
RIZE / TURKEY