Araştırma Makalesi
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FDI and Economic Growth: The Role of Economic Freedom

Yıl 2019, Cilt 6, Sayı 1, 54 - 73, 22.01.2019

Öz

In this study, we examine the effects of economic freedom and foreign direct investment (FDI) on economic growth. We utilized a panel of 83 developed and developing countries over the period 1970 to 2009. We observed that including the interaction term of economic freedom and FDI makes the estimation results more powerful. In other words, our findings show that economic freedom does have the power to affect economic performance through FDI.

Kaynakça

  • Alfaro, L., Chanda, A., Kalemli-Ozcan, S., Sayek, S., (2010). Does foreign direct investment promote growth? Exploring the role of financial markets on linkages. Journal of Development Economics 61, 242– 256. Azman-Saini, W.N.W., Baharumshah, A.Z., and Law, S.H., (2010). Foreign direct investment, economic freedom and economic growth: International evidence. Economic Modelling 27, 1079-1089. Barro, R. J., (2001). Human capital and growth. The American Economic Review 91 (2), 12- 17. Barro, R. J., and Lee, J.W., (2000). International Data on Educational Attainment Updates and Implications. NBER Working Paper Series, No. 7911. Barro, R. J., and Sala-i Martin, X., (1995). Economic growth. New York: McGraw-Hill. Bengoa, M., and Sanchez-Robles, B., (2003). Foreign direct investment, economic freedom and growth: New evidence from Latin America. European Journal of Political Economy 19(3), 529-545. Berggren, N., (2003). The Benefits of Economic Freedom. The Independent Review 8 (2), 193- 211. Braumoeller, B.F., (2004). Hypothesis Testing and Multiplicative Interaction Terms. International Organization 58, 807-820. Crespo, N., and Fontoura, M., (2007). Determinant Factors of FDI Spillovers: What Do We Really Know? World Development 35, 410– 425. Doucouliagos, C., and Ulubasoglu, M., (2006) Economic freedom and economic growth: what difference does specification make? European Journal of Political Economy 22, 61-81. Gwartney, J.D., Lawson, R., (2007). Economic Freedom of the World: 2007 Annual Report. Vancouver BC: The Fraser Institute. Hsiao, C., (2003). Analysis of Panel Data. Cambridge: Cambridge University Press. Javorcik, B.S., and Spatareanu, M., (2005). Do foreign investors care about labor market regulations? Review World Economics 141, 375–403. Kapuria-Foreman V., (2007). Economic Freedom and Foreign Direct Investment in Developing Countries. The Journal of Developing Areas 41 (1), 143-154. Nunenkamp, P., and Spatz, J., (2003). Intellectual property rights and foreign direct investment: A disaggregated analysis. Review of World Economics 140, 393--414. Quazi R.M., (2007). Economic Freedom and Foreign Direct Investment in East Asia. Journal of the Asia Pacific Economy 12 (3), 329-344. UNCTAD, (2011). World Investment Report. Non-Equity Modes of International Production and Development. Wooldridge, J., (2005). Introductory Econometrics: A modern Approach. Thomson South- Western.

Doğrudan yabancı yatırımlar ve ekonomik büyüme: Ekonomik özgürlüğün rolü

Yıl 2019, Cilt 6, Sayı 1, 54 - 73, 22.01.2019

Öz

Bu çalışmanın amacı doğrudan yabancı yatırımlar (DYY) ve ekonomik özgürlüğün, ekonomik büyüme üzerine etkisini incelemektir. Analiz, Fraser Enstitüsü ve Heritage Vakfı tarafından oluşturulan birbirinden farklı iki önemli ekonomik özgürlük endeksine dayanmaktadır. Çalışmada, doğrudan yabancı yatırımların ekonomik büyüme üzerindeki doğrudan etkisinin yanısıra, DYY ile ekonomik özgürlük etkileşimi üzerinden dolaylı etkisi de analiz edilmiştir.

1970-2009 yılları arasında toplam seksen üç gelişmiş ve gelişmekte olan ülkenin dahil edildiği panel veri seti kullanılarak, En Küçük Kareler Yöntemi ve Sabit Etkiler Modeli gibi farklı panel veri analiz tekniklerinin kullanıldığı çalışmamız, DYY ile ekonomik büyüme arasında pozitif bir ilişkinin varlığını ortaya koymaktadır. Bunun yanında, ekonomik özgürlüğün, DYY üzerinden ekonomik büyümeyi etkilediği, fakat bu etkinin büyüklüğü Fraser Enstitüsü ve Heritage Vakfı tarafından sağlanan endeksler için farklı olduğu bulunmuştur.

Kaynakça

  • Alfaro, L., Chanda, A., Kalemli-Ozcan, S., Sayek, S., (2010). Does foreign direct investment promote growth? Exploring the role of financial markets on linkages. Journal of Development Economics 61, 242– 256. Azman-Saini, W.N.W., Baharumshah, A.Z., and Law, S.H., (2010). Foreign direct investment, economic freedom and economic growth: International evidence. Economic Modelling 27, 1079-1089. Barro, R. J., (2001). Human capital and growth. The American Economic Review 91 (2), 12- 17. Barro, R. J., and Lee, J.W., (2000). International Data on Educational Attainment Updates and Implications. NBER Working Paper Series, No. 7911. Barro, R. J., and Sala-i Martin, X., (1995). Economic growth. New York: McGraw-Hill. Bengoa, M., and Sanchez-Robles, B., (2003). Foreign direct investment, economic freedom and growth: New evidence from Latin America. European Journal of Political Economy 19(3), 529-545. Berggren, N., (2003). The Benefits of Economic Freedom. The Independent Review 8 (2), 193- 211. Braumoeller, B.F., (2004). Hypothesis Testing and Multiplicative Interaction Terms. International Organization 58, 807-820. Crespo, N., and Fontoura, M., (2007). Determinant Factors of FDI Spillovers: What Do We Really Know? World Development 35, 410– 425. Doucouliagos, C., and Ulubasoglu, M., (2006) Economic freedom and economic growth: what difference does specification make? European Journal of Political Economy 22, 61-81. Gwartney, J.D., Lawson, R., (2007). Economic Freedom of the World: 2007 Annual Report. Vancouver BC: The Fraser Institute. Hsiao, C., (2003). Analysis of Panel Data. Cambridge: Cambridge University Press. Javorcik, B.S., and Spatareanu, M., (2005). Do foreign investors care about labor market regulations? Review World Economics 141, 375–403. Kapuria-Foreman V., (2007). Economic Freedom and Foreign Direct Investment in Developing Countries. The Journal of Developing Areas 41 (1), 143-154. Nunenkamp, P., and Spatz, J., (2003). Intellectual property rights and foreign direct investment: A disaggregated analysis. Review of World Economics 140, 393--414. Quazi R.M., (2007). Economic Freedom and Foreign Direct Investment in East Asia. Journal of the Asia Pacific Economy 12 (3), 329-344. UNCTAD, (2011). World Investment Report. Non-Equity Modes of International Production and Development. Wooldridge, J., (2005). Introductory Econometrics: A modern Approach. Thomson South- Western.

Ayrıntılar

Birincil Dil İngilizce
Konular İktisat
Bölüm Makaleler
Yazarlar

Burcu ŞENALP Bu kişi benim (Sorumlu Yazar)
KIRKLARELİ ÜNİVERSİTESİ
Türkiye

Yayımlanma Tarihi 22 Ocak 2019
Başvuru Tarihi 17 Temmuz 2018
Kabul Tarihi 29 Eylül 2018
Yayınlandığı Sayı Yıl 2019, Cilt 6, Sayı 1

Kaynak Göster

Bibtex @araştırma makalesi { iuipad515989, journal = {Journal of Economic Policy Researches}, eissn = {2148-3876}, address = {}, publisher = {İstanbul Üniversitesi}, year = {2019}, volume = {6}, number = {1}, pages = {54 - 73}, title = {FDI and Economic Growth: The Role of Economic Freedom}, key = {cite}, author = {Şenalp, Burcu} }
APA Şenalp, B. (2019). FDI and Economic Growth: The Role of Economic Freedom . Journal of Economic Policy Researches , 6 (1) , 54-73 . Retrieved from https://dergipark.org.tr/tr/pub/iuipad/issue/42747/515989
MLA Şenalp, B. "FDI and Economic Growth: The Role of Economic Freedom" . Journal of Economic Policy Researches 6 (2019 ): 54-73 <https://dergipark.org.tr/tr/pub/iuipad/issue/42747/515989>
Chicago Şenalp, B. "FDI and Economic Growth: The Role of Economic Freedom". Journal of Economic Policy Researches 6 (2019 ): 54-73
RIS TY - JOUR T1 - Doğrudan yabancı yatırımlar ve ekonomik büyüme: Ekonomik özgürlüğün rolü AU - BurcuŞenalp Y1 - 2019 PY - 2019 N1 - DO - T2 - Journal of Economic Policy Researches JF - Journal JO - JOR SP - 54 EP - 73 VL - 6 IS - 1 SN - -2148-3876 M3 - UR - Y2 - 2018 ER -
EndNote %0 İktisat Politikası Araştırmaları Dergisi FDI and Economic Growth: The Role of Economic Freedom %A Burcu Şenalp %T FDI and Economic Growth: The Role of Economic Freedom %D 2019 %J Journal of Economic Policy Researches %P -2148-3876 %V 6 %N 1 %R %U
ISNAD Şenalp, Burcu . "FDI and Economic Growth: The Role of Economic Freedom". Journal of Economic Policy Researches 6 / 1 (Ocak 2019): 54-73 .
AMA Şenalp B. FDI and Economic Growth: The Role of Economic Freedom. JEPR. 2019; 6(1): 54-73.
Vancouver Şenalp B. FDI and Economic Growth: The Role of Economic Freedom. Journal of Economic Policy Researches. 2019; 6(1): 54-73.
IEEE B. Şenalp , "FDI and Economic Growth: The Role of Economic Freedom", Journal of Economic Policy Researches, c. 6, sayı. 1, ss. 54-73, Oca. 2019