DOĞRUDAN YABANCI YATIRIM(DYY)’IN TOPLAM FAKTÖR VERİMLİLİĞİ(TFV)’NE ETKİSİ: TÜRKİYE ÖRNEĞİ

Year 2025, Issue: 49, 197 - 208

Derya Hekim

https://doi.org/10.18092/ulikidince.1676716

Abstract

Bu çalışmanın amacı, 1990-2023 dönemi için Türkiye’de doğrudan yabancı yatırımların (DYY) toplam faktör verimliliği (TFV) üzerindeki kısa ve uzun dönemli etkilerini ampirik olarak incelemektir. Bu çalışmanın yöntemi olarak, büyüme muhasebesi yaklaşımı ile hesaplanan TFV’nin, DYY stoku, finansal gelişmişlik ve beşeri sermaye değişkenleri ile ilişkisi ARDL sınır testi yöntemiyle analiz edilmiştir. Bu çalışmanın bulguları, DYY’nın kısa dönemde TFV üzerinde pozitif ve anlamlı bir etkisi olduğunu, ancak uzun dönemde bu etkinin ortadan kalktığını göstermektedir. Ayrıca, uzun dönemde TFV’yi yalnızca finansal gelişmişlik değişkeninin anlamlı şekilde etkilediği, beşeri sermaye değişkeninin ise hem kısa hem uzun dönemde anlamlı bir etkisinin bulunmadığı tespit edilmiştir. Sonuç olarak, Türkiye’de DYY’nın TFV üzerindeki olumlu etkisinin ancak kısa vadede görüldüğü, uzun vadede anlamlı bir etki yaratmadığı sonucuna ulaşılmıştır.

Keywords

Doğrudan Yabancı Yatırım (DYY) , Toplam Faktör Verimliliği (TFV) , Büyüme Muhasebesi , ARDL Sınır Testi , Finansal Kalkınma

THE EFFECTS OF FOREIGN DIRECT INVESTMENT (FDI) ON TOTAL FACTOR PRODUCTIVITY (TFP): THE CASE OF TÜRKİYE

Abstract

The aim of this study is to empirically investigate the short- and long-run effects of foreign direct investment (FDI) on total factor productivity (TFP) in Türkiye for the period 1990-2023. The methodology of this study involves analyzing the relationship between TFP—calculated using the growth accounting approach—and FDI stock, financial development, and human capital variables through the ARDL bounds testing approach. The findings of this study indicate that FDI has a positive and significant effect on TFP in the short run, whereas this effect disappears in the long run. Additionally, only financial development is found to have a significant and positive effect on TFP in the long run, while human capital does not have a significant impact on TFP in either the short or long run. In sum, FDI has positive effect in the short run, but this effect diminishes in the long run.

Keywords

Foreign Direct Investment (FDI) , Total Factor Productivity (TFP) , Growth Accounting , ARDL Bounds Test , Financial Development

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