EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS

EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS

In this study effects of foreign direct investments (FDI) on economic growth wereanalysed by bounds testing approach (ARDL) developed by Pesaran et al. (2001)in the sample of Turkey by using the data of 1991:Q4-2013:Q1 periods. The seriesof goods and services exports which was thought to ef...

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Main Authors: Mehmet MERCAN, Haluk YERGİN
Format: Article
Language:English
Published: Social Sciences Research Society 2013-01-01
Series:International Journal of Economics and Finance Studies
Online Access:http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2013_1/Mehmet-mercan.pdf
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spelling doaj-380a3a3408ad418fa0155fc1c6041ae92020-11-24T23:01:34ZengSocial Sciences Research SocietyInternational Journal of Economics and Finance Studies1309-80551309-80552013-01-01512013050120EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSISMehmet MERCANHaluk YERGİNIn this study effects of foreign direct investments (FDI) on economic growth wereanalysed by bounds testing approach (ARDL) developed by Pesaran et al. (2001)in the sample of Turkey by using the data of 1991:Q4-2013:Q1 periods. The seriesof goods and services exports which was thought to effect thegrowth were alsoincluded in the analysis. At the analysis result it was foundthat series werecointegrated. According tothe empirical findings, the effect of foreign directinvestments and exports on economic growth were observed as statisticallysignificant and positive in accordance with our theoretical expectations. However,the effect of foreign direct investments isconsiderably at low level. In short termanalysis coefficient of error correction term was found statisticallysignificant andnegative. Therefore, deviations occurred among variables converge to equilibriumlevel.http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2013_1/Mehmet-mercan.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Mehmet MERCAN
Haluk YERGİN
spellingShingle Mehmet MERCAN
Haluk YERGİN
EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
International Journal of Economics and Finance Studies
author_facet Mehmet MERCAN
Haluk YERGİN
author_sort Mehmet MERCAN
title EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
title_short EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
title_full EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
title_fullStr EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
title_full_unstemmed EFFECT OF FOREIGN DIRECTINVESTMENTS ON ECONOMICGROWTH: AN EMPIRICAL ANALYSIS
title_sort effect of foreign directinvestments on economicgrowth: an empirical analysis
publisher Social Sciences Research Society
series International Journal of Economics and Finance Studies
issn 1309-8055
1309-8055
publishDate 2013-01-01
description In this study effects of foreign direct investments (FDI) on economic growth wereanalysed by bounds testing approach (ARDL) developed by Pesaran et al. (2001)in the sample of Turkey by using the data of 1991:Q4-2013:Q1 periods. The seriesof goods and services exports which was thought to effect thegrowth were alsoincluded in the analysis. At the analysis result it was foundthat series werecointegrated. According tothe empirical findings, the effect of foreign directinvestments and exports on economic growth were observed as statisticallysignificant and positive in accordance with our theoretical expectations. However,the effect of foreign direct investments isconsiderably at low level. In short termanalysis coefficient of error correction term was found statisticallysignificant andnegative. Therefore, deviations occurred among variables converge to equilibriumlevel.
url http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2013_1/Mehmet-mercan.pdf
work_keys_str_mv AT mehmetmercan effectofforeigndirectinvestmentsoneconomicgrowthanempiricalanalysis
AT halukyergin effectofforeigndirectinvestmentsoneconomicgrowthanempiricalanalysis
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