Finansal İstikrar ile Doğrudan Yabancı Sermaye Girişleri Arasındaki İlişkinin Analizi: Türkiye Ekonomisinde Bir Uygulama

Yıl 2018, Cilt: 6 Sayı: ICEESS’ 18, 195 - 200, 15.12.2018

Melek Aksu , Şakir Sakarya , Sadık Aksu

Öz

Bu çalışmada finansal
istikrar ile doğrudan yabancı sermaye girişleri arasındaki nedensellik
ilişkisinin incelenmesi amaçlanmaktadır. Finansal istikrarın ölçülebilmesi için
Türkiye ekonomisine yönelik 2007-Q2 ile 2015-Q4 dönemlerini kapsayan finansal gelişmişlik, finansal kırılganlık, finansal
sağlamlık, finansal esneklik, makroekonomik esneklik ve küresel risk endeksleri
altında otuz dört göstergeyi içeren bir kompozit finansal istikrar endeksi
kullanılmıştır. Finansal istikrar endeksi ile
doğrudan yabancı sermaye girişleri arasındaki ilişki Granger nedensellik testi
ile test edilmiştir. Granger nedensellik testi sonucunda doğrudan yabancı
sermaye girişlerinden finansal istikrara doğru bir nedensellik ilişkisi olduğu
tespit edilmiştir. 

Anahtar Kelimeler

Finansal İstikrar, Doğrudan Yabancı Sermaye Girişleri, Kompozit Endeks

Anaylsis of the Relationship Between Financial Stability and Foreign Direct Inflows: An Analysis on the Economy of Turkey

Öz

This study investigates causality between financial stability and
foreign direct investment inflows. Firstly, a composite financial stability
index is constructed for the economy of Turkey between 2007-Q2 and 2015-Q4. The composite financial stability index is composed of
thirty four indicators of financial development, financial vulnerability,
financial soundness, financial elasticity, macroeconomic elasticity and global
risk indexes. After composing an aggregate financial stability index, the relation
between this index and foreign direct investment inflows is analysed by Granger
Causality Test. Uni-directional causality from foreign direct investment
inflows to financial stability is found.

Anahtar Kelimeler

Financial Stability, Foreign Direct Investment Inflows, Composite Index

Kaynakça

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