DOĞRUDAN YABANCI SERMAYE YATIRIMLARI VE YURTİÇİ YATIRIMLAR ARASINDAKİ EŞBÜTÜNLEŞME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ

Yıl 2008, Cilt: 9 Sayı: 1, 187 - 204, 01.03.2008

Recep Düzgün

Öz

Bu makalenin amacı, doğrudan yabancı sermaye yatırımları ile yurtiçi yatırımlar arasındaki nedensel ilişkiyi incelemektir. Türkiye verilerine dayalı olarak gerçekleştirilen bu çalışmada 1991:4-2004:4 dönemine ait değişkenler kullanılmıştır. Çalışmanın amacı doğrultusunda zaman serisi analizi eşbütünleşme yöntemi kullanılmıştır. İlk olarak, ele alınan değişkenler arasındaki uzun dönemli ilişkinin olup olmadığı tespit edilmiş ve daha sonra Granger nedensellik testi yapılmıştır. Yapılan testlerde elde edilen sonuçlara göre, doğrudan yabancı sermaye yatırımları ve yurtiçi yatırımlar arasında uzun dönemli bir ilişkinin olduğu görülmüştür. Söz konusu ilişkinin yönünün ise, yurtiçi yatırımdan doğrudan yabancı yatırımlara doğru olduğu tespit edilmiştir

Anahtar Kelimeler

Doğrudan Yabancı Sermaye Yatırımları, Yurtiçi Yatırımlar, Eşbütünleşme.

THE COINTEGRATION RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENTS (FDI) AND DOMESTIC INVESTMENTS (DI): EVIDENCE FROM TURKEY

Öz

The aim of this paper is to investigate the long term casual link between foreign direct investments and domestic investments. In this study, based on data about Turkey, variables for the term 1991:4-2004:4 are used. Related with the aim of this study, two stage Engle-Granger cointegration analysis was used in time series analysis context. First, it was determined whether there was a long term relationship between the variables, and then Granger casuality test was applied. Second, the direction of the casual link was decided. Findigns of the study indicated that there was a long term relationship between FDI and domestic investment. However, it was determined that the direction of the casual link was from domestic investment to FDI. 

Anahtar Kelimeler

FDI, Domestic Investment, Cointegration

Kaynakça

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