AN INQUIRY ON THE LIKELY EFFECTS OF CORRUPTION ON THE FOREIGN DIRECT INVESTMENTS IN TURKEY

Öz

There is no consensus in the literature about the direction of the impact of corruption on foreign direct investments. The aim of this paper is to explore the likely effects of corruption on the foreign direct investments in Turkey. For this purpose, the determinants of foreign direct investments inflows to Turkey from 19 countries over the period of 2002-2012 are examined by means of panel analysis through refining the “Gravity Model” by adding control variables and corruption indicators. The results indicate that the Turkish foreign direct investment inflows have both market and efficiency seeking patterns and corruption is a critical factor for the foreign direct investment inflows.

Anahtar Kelimeler

• Gravity,corruption,foreign direct investment,panel data analysis

TÜRKİYE’DE YOLSUZLUĞUN DOĞRUDAN YABANCI YATIRIMLAR ÜZERİNDEKİ OLASI ETKİLERİ ÜZERİNE BİR ARAŞTIRMA

Öz

Yolsuzluğun doğrudan yabancı yatırımlar üzerindeki etkisinin yönü konusunda literatürde bir görüş birliği bulunmamaktadır. Çalışmanın amacı Türkiye'de yolsuzluğun doğrudan yabancı yatırımlar üzerindeki muhtemel etkilerinin araştırılmasıdır. Bu amaçla, panel analiz yöntemi kullanmak suretiyle 2002-2012 arasında 19 ülkeden Türkiye’ye yapılan doğrudan yabancı yatırımların nedenleri “Çekim Modeli”ne, kontrol değişkenleri ve yolsuzluk göstergeleri eklenmek suretiyle incelenmiştir. Çalışma sonuçları Türkiye'ye gelen doğrudan yabancı yatırımların pazar ve etkinlik arama niteliği bulunduğuna ve yolsuzluğun doğrudan yabancı yatırımlar için belirleyici bir faktör olduğuna işaret etmektedir.

 

Anahtar Kelimeler

• Çekim,yolsuzluk,doğrudan yabancı yatırım,panel veri analizi

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