Araştırma Makalesi
BibTex RIS Kaynak Göster

Analysis of The Relationship Between GDP Growth and Foreign Direct Investment in Underdeveloped Countries: Tar Model

Yıl 2021, Cilt: 9 Sayı: 5, 1483 - 1490, 25.10.2021

Serdar Öztürk Mert Atamer

https://doi.org/10.18506/anemon.771948

Öz

Economists argue that a relation between foreign direct investments (FDI) and economic growth exists. In many studies, it has been investigated the way FDI affect economic growth. In the literature, it has been concluded that foreign direct investment has a positive impact on economic growth. In some studies, it was determined that there was no causality between economic growth and direct foreign investments. This article differs from the other studies in terms of both its perspective and results. In this article, it is important to analyze how the per capita GDP growth affects FDI in opposition to the studies in the literature and it is thought that this study will contribute to the literature. Another feature that distinguishes this article from others is that the analyses are not linear analysis but nonlinear analysis. Obtained results will guide policy-makers. The results are of great importance for policymakers in underdeveloped countries in terms of saying that they need to keep their GDP per capita above the determined threshold otherwise FDI entering their countries would decrease.

Anahtar Kelimeler

Foreign Direct Investment GDP Per Capita Growth Tar Model Less Developed Countries

Kaynakça

  • Almfraji, M. A., Almsafir, M. K., & Yao, L. (2014). Economic growth and foreign direct investment inflows: the case of Qatar, Procedia - Social and Behavioral Sciences, 109, 1040-1045. doi: 10.1016/j.sbspro.2013.12.586
  • Alvarado, R., Iñiguez, M., & Ponce, P. (2017). Foreign direct investment and economic growth in Latin America, Economic Analysis and Policy, 56, 176-187. doi: 10.1016/j.eap.2017.09.006
  • Chen, J. E., & Zulkifli, S. A. M. (2012). Malaysian outward FDI and economic growth, Procedia - Social and Behavioral Sciences, 65, 717-722. doi: 10.1016/j.sbspro.2012.11.189
  • Eğilmez, M. (2016). Doğrudan yabancı sermaye yatırımları ve Türkiye. (Erişim: 05.02.2020), http://www.mahfiegilmez.com/2016/08/dogrudan-yabanc-sermaye-yatrmlar-ve.html Fadhil, M. A., & Almsafir, M. H. (2015). The role of FDI inflows in economic growth in Malaysia (Time Series: 1975-2010), Procedia Economics and Finance, 23, 1558-1566. doi: 10.1016/S2212-5671(15)00498-0
  • Hong, L. (2015). Does and how does FDI promote the economic growth? evidence from dynamic panel data of prefecture city in China, IERI Procedia, 6, 57-62. doi: 10.1016/j.ieri.2014.03.010
  • Iamsiraroj, S., & Ulubaşoğlu, M. A. (2015). Foreign direct investment and economic growth: a real relationship or wishful thinking, Economic Modelling, 51, 200-213. doi: 10.1016/j.econmod.2015.08.009
  • Kayalvizhi, P. N., & Thenmozhi, M. (2018). Does quality of innovation, culture and governance drive FDI?: evidence from emerging markets, Emerging Markets Review, 34, 175-191. doi: 10.1016/j.ememar.2017.11.007
  • Kinuthia, B. K., & Murshed, S. M. (2015). FDI determinants: Kenya and Malaysia compared, Journal of Policy Modeling, 37(2), 388-400. doi :10.1016/j.jpolmod.2015.01.013
  • Lee, C. C., & Chang, C. P. (2009). FDI, financial development, and economic growth: international evidence, Journal of Applied Economics, 12(2), 249-271. doi :10.1016/S1514-0326(09)60015-5
  • Lee, J. W. (2013). The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth, Energy Policy, 55, 483-489. doi: 10.1016/j.enpol.2012.12.039
  • Loris, S., & Diby, G. (2014). Impact of foreign direct investments on economic growth in Africa: evidence from three decades of panel data analyses, Research in Economics, 68(3), 248-256. doi: 10.1016/j.rie.2014.04.003
  • Makun, K. K. (2018). Imports, remittances, direct foreign investment and economic growth in Republic of the Fiji Islands: an empirical analysis using ardl approach, Kasetsart Journal of Social Sciences, 39(3), 439-447. doi: 10.1016/j.kjss.2017.07.002
  • Nguyen, T. Q., & To, N. K. (2017). Threshold effect in the relationship between foreign direct investment and economic growth: evidence from Asean countries, Asia Pacific Journal of Advanced Business and Social Studies (APJABSS), 3(1), 32-45.
  • Nistor, P. (2014). FDI and economic growth, the case of Romania, Procedia Economics and Finance, 15, 577-582. doi: 10.1016/S2212-5671(14)00514-0
  • Pegkas, P. (2015). The impact of FDI on economic growth in Eurozone countries, The Journal of Economic Asymmetries, 12(2), 124-132. doi: 10.1016/j.jeca.2015.05.001
  • Su, Y., & Liu, Z. (2016). The impact of foreign direct investment and human capital on economic growth: evidence from Chinese cities, China Economic Review, 37, 97-109. doi: 10.1016/j.chieco.2015.12.007
  • Temiz, D., & Gökmen, A. (2014). FDI inflow as an international business operation by MNCs and economic growth: an empirical study on Turkey, International Business Review, 23(1), 145-154. doi: 10.1016/j.ibusrev.2013.03.003
  • Tıwari, A. K., & Mutascu, M. (2011). Economic growth and FDI in Asia: a panel-data approach, Economic Analysis and Policy, 41(2), 173-187. doi: 10.1016/S0313-5926(11)50018-9
  • Uddin, M., Chowdhury, A., & Zafar, S., et al. (2018), Institutional determinants of inward FDI: evidence from Pakistan, International Business Review, 28(2), 1-4. doi: 10.1016/j.ibusrev.2018.10.006
  • Yao, S., & Wei, K. (2007). Economic growth in the presence of FDI: the perspective of newly industrialising economies, Journal of Comparative Economics, 35(1), 211-234. doi: 10.1016/j.jce.2006.10.007

Az Gelişmiş Ülkelerde Kişi Başına Düşen GSYH Büyümesi ve Doğrudan Yabancı Yatırım Arasındaki İlişkinin Analizi: Tar Modeli

Yıl 2021, Cilt: 9 Sayı: 5, 1483 - 1490, 25.10.2021

Serdar Öztürk Mert Atamer

https://doi.org/10.18506/anemon.771948

Öz

İktisatçılar, doğrudan yabancı yatırımlarla ekonomik büyüme arasında bir ilişki olduğunu savunmaktadır. Yapılan çalışmaların çoğunda, doğrudan yabancı yatırımların ekonomik büyümeyi nasıl etkilediği konusu araştırılmıştır. Literatürde, genellikle doğrudan yabancı yatırımların ekonomik büyümeyi olumlu etkilediği sonucuna ulaşılmıştır. Bunun yanı sıra bazı araştırmacılar doğrudan yabancı yatırımlarla ekonomik büyüme arasında herhangi bir nedenselliğin bulunmadığı sonucuna ulaşmışlarıdr. Bu makale hem bakış açısı hem de elde ettiği sonuçlar açısından diğerlerinden farklıdır. Bu makale literatürdeki çalışmaların aksine kişi başına düşen GSYİH büyümesinin, doğrudan yabancı yatırımları nasıl etkilediğini analiz etmesi açısından önemlidir ve literature katkı yapacağı düşünülmektedir. Bu makaleyi diğerlerinden ayıran bir diğer özellik ise, analizlerin linear analiz değil nonlinear analiz olmasıdır. Elde edilen sonuçlar politika yapıcılarına yol gösterici nitelikte olacaktır. Sonuçlar az gelişmiş ülkelerdeki politika yapıcılarına, ülkelerine doğrudan yabancı yatırımların girmesini sağlamak için kişi başına düşen GSYİH büyümesini belirlenen eşik değerin üzerinde tutmaları gerektiğini, aksi takdirde ülkelerine girmesi istenen doğrudan yabancı yatırımların azalacağını ifade etmesi açısından büyük bir öneme sahiptir.

Anahtar Kelimeler

Doğrudan Yabancı Yatırım Kişi Başına Düşen GSYİH Büyümesi Tar Modeli Az Gelişmiş Ülkeler

Kaynakça

  • Almfraji, M. A., Almsafir, M. K., & Yao, L. (2014). Economic growth and foreign direct investment inflows: the case of Qatar, Procedia - Social and Behavioral Sciences, 109, 1040-1045. doi: 10.1016/j.sbspro.2013.12.586
  • Alvarado, R., Iñiguez, M., & Ponce, P. (2017). Foreign direct investment and economic growth in Latin America, Economic Analysis and Policy, 56, 176-187. doi: 10.1016/j.eap.2017.09.006
  • Chen, J. E., & Zulkifli, S. A. M. (2012). Malaysian outward FDI and economic growth, Procedia - Social and Behavioral Sciences, 65, 717-722. doi: 10.1016/j.sbspro.2012.11.189
  • Eğilmez, M. (2016). Doğrudan yabancı sermaye yatırımları ve Türkiye. (Erişim: 05.02.2020), http://www.mahfiegilmez.com/2016/08/dogrudan-yabanc-sermaye-yatrmlar-ve.html Fadhil, M. A., & Almsafir, M. H. (2015). The role of FDI inflows in economic growth in Malaysia (Time Series: 1975-2010), Procedia Economics and Finance, 23, 1558-1566. doi: 10.1016/S2212-5671(15)00498-0
  • Hong, L. (2015). Does and how does FDI promote the economic growth? evidence from dynamic panel data of prefecture city in China, IERI Procedia, 6, 57-62. doi: 10.1016/j.ieri.2014.03.010
  • Iamsiraroj, S., & Ulubaşoğlu, M. A. (2015). Foreign direct investment and economic growth: a real relationship or wishful thinking, Economic Modelling, 51, 200-213. doi: 10.1016/j.econmod.2015.08.009
  • Kayalvizhi, P. N., & Thenmozhi, M. (2018). Does quality of innovation, culture and governance drive FDI?: evidence from emerging markets, Emerging Markets Review, 34, 175-191. doi: 10.1016/j.ememar.2017.11.007
  • Kinuthia, B. K., & Murshed, S. M. (2015). FDI determinants: Kenya and Malaysia compared, Journal of Policy Modeling, 37(2), 388-400. doi :10.1016/j.jpolmod.2015.01.013
  • Lee, C. C., & Chang, C. P. (2009). FDI, financial development, and economic growth: international evidence, Journal of Applied Economics, 12(2), 249-271. doi :10.1016/S1514-0326(09)60015-5
  • Lee, J. W. (2013). The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth, Energy Policy, 55, 483-489. doi: 10.1016/j.enpol.2012.12.039
  • Loris, S., & Diby, G. (2014). Impact of foreign direct investments on economic growth in Africa: evidence from three decades of panel data analyses, Research in Economics, 68(3), 248-256. doi: 10.1016/j.rie.2014.04.003
  • Makun, K. K. (2018). Imports, remittances, direct foreign investment and economic growth in Republic of the Fiji Islands: an empirical analysis using ardl approach, Kasetsart Journal of Social Sciences, 39(3), 439-447. doi: 10.1016/j.kjss.2017.07.002
  • Nguyen, T. Q., & To, N. K. (2017). Threshold effect in the relationship between foreign direct investment and economic growth: evidence from Asean countries, Asia Pacific Journal of Advanced Business and Social Studies (APJABSS), 3(1), 32-45.
  • Nistor, P. (2014). FDI and economic growth, the case of Romania, Procedia Economics and Finance, 15, 577-582. doi: 10.1016/S2212-5671(14)00514-0
  • Pegkas, P. (2015). The impact of FDI on economic growth in Eurozone countries, The Journal of Economic Asymmetries, 12(2), 124-132. doi: 10.1016/j.jeca.2015.05.001
  • Su, Y., & Liu, Z. (2016). The impact of foreign direct investment and human capital on economic growth: evidence from Chinese cities, China Economic Review, 37, 97-109. doi: 10.1016/j.chieco.2015.12.007
  • Temiz, D., & Gökmen, A. (2014). FDI inflow as an international business operation by MNCs and economic growth: an empirical study on Turkey, International Business Review, 23(1), 145-154. doi: 10.1016/j.ibusrev.2013.03.003
  • Tıwari, A. K., & Mutascu, M. (2011). Economic growth and FDI in Asia: a panel-data approach, Economic Analysis and Policy, 41(2), 173-187. doi: 10.1016/S0313-5926(11)50018-9
  • Uddin, M., Chowdhury, A., & Zafar, S., et al. (2018), Institutional determinants of inward FDI: evidence from Pakistan, International Business Review, 28(2), 1-4. doi: 10.1016/j.ibusrev.2018.10.006
  • Yao, S., & Wei, K. (2007). Economic growth in the presence of FDI: the perspective of newly industrialising economies, Journal of Comparative Economics, 35(1), 211-234. doi: 10.1016/j.jce.2006.10.007
Toplam 20 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Serdar Öztürk 0000-0003-0650-0244

Mert Atamer 0000-0002-1238-9020

Yayımlanma Tarihi 25 Ekim 2021
Kabul Tarihi 9 Ağustos 2021
Yayımlandığı Sayı Yıl 2021 Cilt: 9 Sayı: 5

Kaynak Göster

APA Öztürk, S., & Atamer, M. (2021). Analysis of The Relationship Between GDP Growth and Foreign Direct Investment in Underdeveloped Countries: Tar Model. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 9(5), 1483-1490. https://doi.org/10.18506/anemon.771948
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