Foreign Direct Investment, Carbon Emission And Economic Growth in Turkey: A Data Driven Analysis

Year 2020, , 35 - 59, 25.03.2019

Muhammed Benli

https://doi.org/10.20979/ueyd.617746

Cited By: 5

Abstract

Beyond the important role
of foreign direct investments in the development of countries, the impact of
foreign direct investment on energy consumption and its environmental
consequences are also of interest in the literature. In this study, we empirically examine the causal
patterns among foreign direct investment, CO₂ emissions, economic
growth, and some other economic factors in Turkey for the period 1974 – 2014
using Directed Acyclic Graphs (DAGs). In doing so, we attempt to shed light on
both the direct and indirect causation between these factors and reveal the
environmental consequences of foreign direct investment. The resulting DAG
patterns suggest that foreign direct investment has an indirect effect
on CO₂ emissions through an intermediate variable, trade, whereas
both carbon emissions and energy consumption follows economic growth. The DAGs
pattern also signifies that pollution is a significant determinant of energy
consumption and domestic investment which seems to be the direct cause of
energy consumption. 

Keywords

Foreign direct investment, CO2 emission

Türkiye’de Doğrudan Yabancı Yatırımlar, Karbon Emisyonu ve İktisadi Büyüme: Veriye Dayalı Bir Analiz

Abstract

Doğrudan yabancı
yatırımların ülkelerin kalkınmalarında oynadığı önemli rolün ötesinde,
literatürde üzerinde sıkça durulan bir diğer konu ise, doğrudan yabancı
yatırımların enerji tüketimi üzerindeki etkisi ve çevresel sonuçlarıdır. Bu çalışmada, 1974 – 2014 dönemi için Türkiye’de doğrudan yabancı
yatırımlar, karbon emisyonu, enerji tüketimi, ekonomik büyüme ve bazı diğer
ekonomik değişkenler arasındaki tümevarımlı nedensel çıkarım şablonları,
Yönlendirilmiş Döngüsüz Graflar (DAGs) metodu kullanılarak incelenmiştir.
Böylece bu değişkenler
arasındaki dolaylı ve dolaysız nedenselliklerin ortaya çıkarılması ve doğrudan
yabancı yatırımların çevresel sonuçlarının ortaya çıkarılması amaç
edinilmiştir. Elde
edilen DAGs şablonları, doğrudan yabancı yatırımların dolaylı olarak ticaret
üzerinden karbon emisyonlarını tetiklediğini, karbon emisyonları ve enerji
tüketiminin ise ekonomik büyümeyi takip ettiğini ortaya koymaktadır. DAG
şablonları ayrıca, kirliliğin, enerji tüketimi ve çalışmada enerji tüketiminin
doğrudan nedeni olduğu tespit edilen iç yatırımların önemli bir belirleyicisi
olduğunu göstermektedir.

Keywords

Doğrudan yabancı yatırımlar, CO2 emisyonu

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