Araştırma Makalesi
BibTex RIS Kaynak Göster

Economic Freedom, Foreign Direct Investment and Domestic Investment Expenditures in Turkey

Yıl 2018, Cilt: 8 Sayı: 2, 75 - 89, 29.12.2018
https://doi.org/10.18074/ckuiibfd.391168

Öz



In this study, the long run relationships between
economic freedom, foreign direct investments and domestic investment
expenditures in Turkey were explored
for the period 1995–2015 by using the autoregressive distributed lag (ARDL)
model
.
The ARDL cointegration test presents that there is an evidence of the long-run
relationship between variables. The overall results from the estimated long run
coefficients indicate that; i) There isn’t any statistically significant
relationship between foreign direct investments and domestic investment
expenditures. ii) Per capita real income and the economic freedom have positive effect on domestic investment expenditures.




Kaynakça

  • Bengoa, M. ve Sanchez-Robles, B. (2003). Foreign Direct Investment, Economic Freedom and Growth: New Evidence from Latin America. European Journal of Political Economy, 19: 529-545.
  • Dawson, J. W. (1998).Institutions, Investments, and Growth: New Cross-Country and Panel Data Evidence. Economic Inquiry, 36: 603-619.
  • Brown R.L., Durbin J. ve Evans J.M. (1975). Techniques for testing the consistency of regression relations over time. Journal of the Royal Statistical Society, 37, 149-192.
  • Cavallo, E. ve Daude, C. (2011). Public Investment in Developing Countries: A Blessing or a curse? Journal of Comparative Economics, 39: 65-81.
  • Daude, C. ve Stein, E. (2007). The quality of institutions and foreign direct investment. Economics & Politics, 19(3): 317-344.
  • Farla, K., Crombrugghe D. D. ve Verspagen, B. (2016).Institutions, Foreign Direct Investment and Domestic Investment: Crowding Out or Crowding in?. World Development, 88: 1-9.
  • Dawson, J. W. (2003). Causality in the freedom-growth relationship. European Journal of Political Economy, 19: 479-495.
  • De la Croix, D. ve Delavallade ,C. (2009). Growth, Public Investment and Corruption with Failing Institutions. Economics of Governance, 10: 187-219.
  • Dünya Bankası, Dünya Gelişme Göstergeleri (Word Development Indicators) Veri Tabanı. (http://databank.worldbank.org/data/home.aspx).Easterly, W. (2001). The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics. MIT Press: Cambridge, MA.
  • Fedderke, J. W. ve Luiz, J. M. (2008). The Political Economy of Institutions, Stability and Investment: A Simultaneous Equation Approach in an Emerging Economy. The Case of South Africa. The Journal of Development Studies, 44(7): 1056-1079.
  • Mathur, A. ve Singh, K. (2013).Foreign Direct Investment, Corruption, and Democracy. Applied Economics, 45(8): 991-1002.
  • Friedman, M. (1962). Capitalism and Freedom. Chicago: TheUniversity of Chicago Press. Gwartney, J. D., Holcombe, R. G. ve Lawson, R. A. (2006). Institutions and Impact of Investment on Growth. Kyklos International Review for Social Sciences, 59 (2): 255-273.
  • Kobeissi, N. (2005). Impact of Governance, Legal System and Economic Freedom on Foreign Investment in the MENA Region. Journal of Comperative International Management, 8(1): 20-41.
  • Kosova, R. (2010). Do Foreign Firms Crowd Out Domestic Firms? Evidence From the Czech Republic. The Review of Economics and Statistics, 92(4): 861–881.
  • Pesaran M.H., Shin, Y. ve Smith, R.J., (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, pp. 289–326.
  • Olson, M. (1996). Big bills left on the sidewalk: why some nations are rich and others poor. Journal of Economic Perspectives, 10: 3 –24.
  • Ozturk, I. ve Acaravci, A. (2013). The Long-Run and Causal Analysis of Energy, Growth, Openness and Financial Development on Carbon Emissions in Turkey. Energy Economics, 36(1), pp.262-267.
  • Pesaran, H.M. ve Shin, Y. (1999). Autoregressive distributed lag modelling approach to cointegration analysis in: S.Storm (Ed.) Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, chapter 11, Cambridge University Press.
  • Aseidu, E. (2006).Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability, The World Economy, 29(1): 63-77.
  • Tintin, C. (2013). The Determinants of foreign direct investment in the central and eastern Europe countries: The importance of institutitons. Communist and Post-Communist Studies, 46: 287-298.
  • UNCTAD, (1998), World Investment Report 1998- Trends and Determinants- UN: New York and Cenova.
  • Zouhaier, H. (2012). Institutions, Investment and Economic Growth. International Journal of Economics and Finance, 4(2): 152-162.

Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi

Yıl 2018, Cilt: 8 Sayı: 2, 75 - 89, 29.12.2018
https://doi.org/10.18074/ckuiibfd.391168

Öz



Bu çalışmada,
Türkiye ekonomisinde ekonomik özgürlükler, yabancı doğrudan yatırımlar ve yurt
içi yatırım harcamaları arasındaki uzun dönemli ilişkiler, 1995-2015 dönemi
için gecikmesi dağıtılmış otoregresif (ARDL) modeli ile araştırılmıştır. ARDL
eşbütünleşme testi, değişkenler arasında uzun dönemli ilişki olduğunu sonucunu
ortaya koymuştur. Uzun dönemli katsayılardan elde edilen sonuçlar göre; i)
yabancı doğrudan yatırımlar ve yurtiçi yatırım harcamaları arasında istatistiksel
olarak anlamlı bir ilişki yoktur. ii) Kişi başı reel gelir ve ekonomik
özgürlükler ise, yurtiçi yatırım harcamalarını pozitif yönde etkilemektedir.




Kaynakça

  • Bengoa, M. ve Sanchez-Robles, B. (2003). Foreign Direct Investment, Economic Freedom and Growth: New Evidence from Latin America. European Journal of Political Economy, 19: 529-545.
  • Dawson, J. W. (1998).Institutions, Investments, and Growth: New Cross-Country and Panel Data Evidence. Economic Inquiry, 36: 603-619.
  • Brown R.L., Durbin J. ve Evans J.M. (1975). Techniques for testing the consistency of regression relations over time. Journal of the Royal Statistical Society, 37, 149-192.
  • Cavallo, E. ve Daude, C. (2011). Public Investment in Developing Countries: A Blessing or a curse? Journal of Comparative Economics, 39: 65-81.
  • Daude, C. ve Stein, E. (2007). The quality of institutions and foreign direct investment. Economics & Politics, 19(3): 317-344.
  • Farla, K., Crombrugghe D. D. ve Verspagen, B. (2016).Institutions, Foreign Direct Investment and Domestic Investment: Crowding Out or Crowding in?. World Development, 88: 1-9.
  • Dawson, J. W. (2003). Causality in the freedom-growth relationship. European Journal of Political Economy, 19: 479-495.
  • De la Croix, D. ve Delavallade ,C. (2009). Growth, Public Investment and Corruption with Failing Institutions. Economics of Governance, 10: 187-219.
  • Dünya Bankası, Dünya Gelişme Göstergeleri (Word Development Indicators) Veri Tabanı. (http://databank.worldbank.org/data/home.aspx).Easterly, W. (2001). The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics. MIT Press: Cambridge, MA.
  • Fedderke, J. W. ve Luiz, J. M. (2008). The Political Economy of Institutions, Stability and Investment: A Simultaneous Equation Approach in an Emerging Economy. The Case of South Africa. The Journal of Development Studies, 44(7): 1056-1079.
  • Mathur, A. ve Singh, K. (2013).Foreign Direct Investment, Corruption, and Democracy. Applied Economics, 45(8): 991-1002.
  • Friedman, M. (1962). Capitalism and Freedom. Chicago: TheUniversity of Chicago Press. Gwartney, J. D., Holcombe, R. G. ve Lawson, R. A. (2006). Institutions and Impact of Investment on Growth. Kyklos International Review for Social Sciences, 59 (2): 255-273.
  • Kobeissi, N. (2005). Impact of Governance, Legal System and Economic Freedom on Foreign Investment in the MENA Region. Journal of Comperative International Management, 8(1): 20-41.
  • Kosova, R. (2010). Do Foreign Firms Crowd Out Domestic Firms? Evidence From the Czech Republic. The Review of Economics and Statistics, 92(4): 861–881.
  • Pesaran M.H., Shin, Y. ve Smith, R.J., (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, pp. 289–326.
  • Olson, M. (1996). Big bills left on the sidewalk: why some nations are rich and others poor. Journal of Economic Perspectives, 10: 3 –24.
  • Ozturk, I. ve Acaravci, A. (2013). The Long-Run and Causal Analysis of Energy, Growth, Openness and Financial Development on Carbon Emissions in Turkey. Energy Economics, 36(1), pp.262-267.
  • Pesaran, H.M. ve Shin, Y. (1999). Autoregressive distributed lag modelling approach to cointegration analysis in: S.Storm (Ed.) Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, chapter 11, Cambridge University Press.
  • Aseidu, E. (2006).Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability, The World Economy, 29(1): 63-77.
  • Tintin, C. (2013). The Determinants of foreign direct investment in the central and eastern Europe countries: The importance of institutitons. Communist and Post-Communist Studies, 46: 287-298.
  • UNCTAD, (1998), World Investment Report 1998- Trends and Determinants- UN: New York and Cenova.
  • Zouhaier, H. (2012). Institutions, Investment and Economic Growth. International Journal of Economics and Finance, 4(2): 152-162.
Toplam 22 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Karatekin İİBF
Yazarlar

Ali Acaravcı 0000-0002-6662-6175

Sinan Erdoğan 0000-0003-3491-8234

Güray Akalin 0000-0002-6647-5418

Yayımlanma Tarihi 29 Aralık 2018
Yayımlandığı Sayı Yıl 2018 Cilt: 8 Sayı: 2

Kaynak Göster

APA Acaravcı, A., Erdoğan, S., & Akalin, G. (2018). Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 8(2), 75-89. https://doi.org/10.18074/ckuiibfd.391168
AMA Acaravcı A, Erdoğan S, Akalin G. Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. Aralık 2018;8(2):75-89. doi:10.18074/ckuiibfd.391168
Chicago Acaravcı, Ali, Sinan Erdoğan, ve Güray Akalin. “Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar Ve Yurtiçi Yatırım Harcamaları İlişkisi”. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 8, sy. 2 (Aralık 2018): 75-89. https://doi.org/10.18074/ckuiibfd.391168.
EndNote Acaravcı A, Erdoğan S, Akalin G (01 Aralık 2018) Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8 2 75–89.
IEEE A. Acaravcı, S. Erdoğan, ve G. Akalin, “Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi”, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 8, sy. 2, ss. 75–89, 2018, doi: 10.18074/ckuiibfd.391168.
ISNAD Acaravcı, Ali vd. “Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar Ve Yurtiçi Yatırım Harcamaları İlişkisi”. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8/2 (Aralık 2018), 75-89. https://doi.org/10.18074/ckuiibfd.391168.
JAMA Acaravcı A, Erdoğan S, Akalin G. Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2018;8:75–89.
MLA Acaravcı, Ali vd. “Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar Ve Yurtiçi Yatırım Harcamaları İlişkisi”. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, c. 8, sy. 2, 2018, ss. 75-89, doi:10.18074/ckuiibfd.391168.
Vancouver Acaravcı A, Erdoğan S, Akalin G. Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2018;8(2):75-89.