Gelişmekte olan ülkelerde doğrudan yabancı yatırım çıkışlarının yurt içi yatırımlara etkisi

Öz

Bu çalışmada gelişmekte olan ülkelerde doğrudan yabancı yatırım çıkışlarının yurt içi yatırımlara etkisi araştırılmıştır. Bu kapsamda çalışma, 1993-2018 dönemi için yatay kesit bağımlılığını ele alan panel veri analiz yöntemleriyle incelenmiştir. Serilerin durağanlığı; CADF (2007) panel birim kök testiyle sınanmış ve serilerin birinci farkları alındığında durağan hale geldiği tespit edilmiştir. Seriler arasındaki eşbütünleşme ilişkisinin varlığı Durbin-Hausman (2008) eşbütünleşme testiyle sınanmış ve seriler arasında eşbütünleşme ilişkisinin olduğu görülmüştür. Uzun ve kısa dönem eşbütünleşme katsayıları ise Panel AMG (2009) yöntemiyle tahmin edilmiştir. Uzun dönem analiz sonucunda; gelişmekte olan ülkelerde doğrudan yabancı yatırım çıkışlarındaki %10’luk bir artış ana ülkenin yurt içi yatırımlarını %1.5 oranında arttırdığı görülmüştür.

Anahtar Kelimeler

• Doğrudan Yabancı Yatırım Çıkışları
• Ana Ülke
• Gelişmekte Olan Ülkeler
• Yurt İçi Yatırımlar
• Panel Veri Analizi

The effect of outward foreign direct investment on domestic investments in developing countries

Öz

In this study, the effect of outward foreign direct investment on domestic investments were investigated in the developing countries. In this context, the study was analyzed with panel data analysis methods, which consider cross-sectional dependency for the period 1993-2018. Stationarity of the series has been tested by means of CADF (2007) panel unit root test and they became stationary in the first difference. Cointegration relationship among series was tested by Durbin-Hausman (2008) panel cointegration test and cointegration relationship has been observed. Long and short run cointegration coefficients were estimated by means of the Panel AMG (2009) method. As a result of long term analysis; in developing countries, a 10% increase in outward foreign direct investment has increased the home country's domestic investments by 1.5%.

Anahtar Kelimeler

• Outward Foreign Direct Investment,
• Home Country,
• Developing Countries,
• Domestic Investments,

Kaynakça

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