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FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY

Yıl 2009, Cilt: 4 Sayı: 15, 2357 - 2380, 01.06.2009

Öz

FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY

Yıl 2009, Cilt: 4 Sayı: 15, 2357 - 2380, 01.06.2009

Öz

This paper examines the relatıonship between foreign direct investments (FDI) and import growth in Turkey over the period 1950 to 2004. To test this hypothesis we extend the
traditional import demand function to include FDI based on the new theory of trade and employ the bounds testing approach in ARDL (autoregressive distributed lag) framework and Fully Modified OLS (FMOLS) of Philips and Hansen to test the robustness of the results. The results reveal that there is a long run relationship but it is not unique and the most significant determinants of imports growth in Turkey in the long run are income (GDP) growth and domestic price level (CPI). The impact of FDI in the long run is marginal. In the short run, the most
significant factors that affect import demand are income growth, relative price and domestic price level. The major implications of these results include: First the import demand in Turkey will be driven principally by income growth and also by foreign direct investment as predicted by the new trade theory but not at desired level. Second continued appreciation of Turkish Lira suggests more import demand, trade deficits and huge import bills which further reduce Turkish foreign reserves. However, as relative price will not affect the import demand in the long run the import bili will remain unchanged. 

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Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Kevin O. Onwuka Bu kişi benim

Kutlu Yaşar Zoral Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2009
Yayımlandığı Sayı Yıl 2009 Cilt: 4 Sayı: 15

Kaynak Göster

APA Onwuka, K. O., & Zoral, K. Y. (2009). FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY. Yaşar Üniversitesi E-Dergisi, 4(15), 2357-2380.
AMA Onwuka KO, Zoral KY. FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY. Yaşar Üniversitesi E-Dergisi. Haziran 2009;4(15):2357-2380.
Chicago Onwuka, Kevin O., ve Kutlu Yaşar Zoral. “FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY”. Yaşar Üniversitesi E-Dergisi 4, sy. 15 (Haziran 2009): 2357-80.
EndNote Onwuka KO, Zoral KY (01 Haziran 2009) FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY. Yaşar Üniversitesi E-Dergisi 4 15 2357–2380.
IEEE K. O. Onwuka ve K. Y. Zoral, “FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY”, Yaşar Üniversitesi E-Dergisi, c. 4, sy. 15, ss. 2357–2380, 2009.
ISNAD Onwuka, Kevin O. - Zoral, Kutlu Yaşar. “FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY”. Yaşar Üniversitesi E-Dergisi 4/15 (Haziran 2009), 2357-2380.
JAMA Onwuka KO, Zoral KY. FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY. Yaşar Üniversitesi E-Dergisi. 2009;4:2357–2380.
MLA Onwuka, Kevin O. ve Kutlu Yaşar Zoral. “FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY”. Yaşar Üniversitesi E-Dergisi, c. 4, sy. 15, 2009, ss. 2357-80.
Vancouver Onwuka KO, Zoral KY. FOREIGN DIRECT INVESTMENT AND IMPORTS GROWTH IN TURKEY. Yaşar Üniversitesi E-Dergisi. 2009;4(15):2357-80.