Yurtiçi Tasarruflar, Kurumsal Kalite ve Doğrudan Yabancı Yatırımlar Arasındaki Etkileşim: Genişletilmiş ARDL Yönteminden Kanıtlar

Öz

Ekonomik performans ile kurumsal yapı arasındaki ilişki özellikle son dönemlerde iktisat literatüründe artan bir ilgi ile araştırılmaktadır. Kurumsal kalitenin hangi kanallar ile ekonomik performansı artıracağı konusu ise tartışmalı bir zeminde ilerlemektedir. Kurumsal kalitenin tasarruflar, yatırımlar ve doğrudan yabancı yatırımlar üzerindeki etkisi, üzerinde konsensüs sağlanmamış bir araştırma alanıdır. Türkiye ekonomisinin dışa bağımlı ve sürekli cari açık veren bir ekonomi olması nedeniyle yatırımlarını artırmak için yurtiçi tasarruf düzeyini artırması elzemdir. Dolayısıyla Türkiye ekonomisinde kurumsal yapının ve doğrudan yabancı yatırım girişlerinin yurtiçi tasarruflar üzerindeki etkisi analiz edilmesi gereken önemli bir husustur. Bu çalışmada 1995-2023 dönemine ait yurtiçi tasarruflar, kurumsal kalite ve doğrudan yabancı yatırımlar arasındaki uzun dönemli ilişkiler augmented ARDL (genişletilmiş ARDL) yöntemi kullanılarak analiz edilmiştir. Analiz bulgularına göre, değişkenler arasında uzun dönemli ilişkinin varlığı tespit edilmiştir. Kurumsal kalitede iyileşme ve doğrudan yabancı yatırımlardaki artış yurtiçi tasarruf düzeyini pozitif yönde etkilemektedir. Bu çalışma ile yurtiçi tasarruf düzeyinin artırılmasında kurumsal kalitenin yükseltilmesinin ve daha fazla doğrudan yabancı yatırım girişinin olumlu katkısı olduğu ortaya konmaktadır.

Anahtar Kelimeler

• Yurtiçi tasarruflar
• kurumsal kalite
• doğrudan yabancı yatırımlar
• genişletilmiş ARDL.

The Interaction Between Domestic Savings, Institutional Quality and Foreign Direct Investment: Evidence from the Augmented ARDL Method

Öz

The relationship between economic performance and institutional structure has been investigated with increasing interest in economic literature, especially in recent years. The issue of which channels institutional quality will increase economic performance is progressing on controversial grounds. The effect of institutional quality on savings, and foreign direct investments is a research area on which no consensus has been reached. Since the Turkish economy is an economy that is dependent on foreign countries and constantly has a current account deficit, it is essential to increase the level of domestic savings to increase investments. Therefore, the effect of the institutional structure and foreign direct investment inflows on domestic savings in the Turkish economy is an important issue to be analyzed. In this study, the long-term relationships between domestic savings, institutional quality and foreign direct investments for the period 1995-2023 were analyzed using the augmented ARDL method. The findings revealed the existence of a long-term relationship between the variables. Improvement in institutional quality and increase in foreign direct investments positively affect the level of domestic savings. This study reveals that increasing institutional quality and more foreign direct investment inflows have positive contributions in increasing the level of domestic savings.

Anahtar Kelimeler

• Domestic savings
• institutional quality
• foreign direct investment
• augmented ARDL.

Kaynakça

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