Ekonomik Kompleksite ve Doğrudan Yabancı Sermaye Yatırımları İlişkisi: BRICS-T Ülkeleri Üzerine Bir Panel Veri Analizi

Öz

Bu çalışmada BRICS-T ülkelerinde ekonomik kompleksite ile doğrudan yabancı sermaye yatırımları arasındaki ilişkinin incelenmesi amaçlanmaktadır. Bu amaçla panel veri analizi yöntemi tercih edilmiştir ve 1995-2017 dönemini kapsayan bir veri seti kullanılmıştır. Çalışmada modellenen serilerde yatay kesit bağımlılığı ve değişen varyans olduğu saptanmıştır. Bu nedenle serilerin durağanlığı CADF testi ile, değişkenler arasındaki ilişkinin yönü Dumitrescu ve Hurlin nedensellik testi ile, değişkenler arasındaki ilişkinin büyüklüğü ise FGLS regresyon modeli ile test edilmiştir. Analiz bulguları ekonomik kompleksiteden doğrudan yabancı sermaye yatırımları yönünde tek yönlü nedensellik ilişkisi olduğunu göstermektedir. Ayrıca ekonomik kompleksitenin doğrudan yabancı sermaye yatırımları üzerinde anlamlı pozitif etki meydana getirdiğine dair ampirik kanıt elde edilmiştir.

Anahtar Kelimeler

• Ekonomik Kompleksite
• Ekonomik Gelişmişlik
• Doğrudan Yabancı Sermaye Yatırımları
• Panel Veri Analizi

The Relationship Between Economic Complexity and Foreign Direct Investment: A Panel Data Analysis on BRICS-T Countries

Öz

This study aims to examine the relationship between economic complexity and foreign direct investment in BRICS-T countries. For this purpose, panel data analysis method is preferred and a data set covering the period 1995-2017 is employed. It is found that the modelled series in this study have cross-sectional dependency and heteroscedasticity. For this reason, the stationarity of the series is tested by using cross-sectional augmented Dickey-Fuller unit root test, the direction of the relationship between the variables is tested by using Dumitrescu and Hurlin causality test and the size of the relationship between the variables is tested by employing feasible generalized least squares estimator. The analysis findings show that there is a one-way causal relationship towards from economic complexity to foreign direct investment. In addition, empirical evidence has been obtained that economic complexity has a significant positive effect on foreign direct investment.

Anahtar Kelimeler

• Economic Complexity
• Economic Development
• Foreign Direct Investment
• Panel Data Analysis

Kaynakça

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