DOĞRUDAN SERMAYE YATIRIMLARI, TİCARİ DIŞA AÇIKLIK VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: TÜRKİYE VE BRICS ÜLKELERİ ÖRNEĞİ

Doğrudan sermaye yatırımları ve ekonomik büyüme ilişkisi gelişmiş ve gelişmekte olan ülkeler için tartışılan bir konudur. Bu çalışmanın amacı, BRICS ülkelerinde ve Türkiye’de 1982-2013 döneminde doğrudan sermaye yatırımları, ticari dışa açıklık ve ekonomik büyüme arasındaki ilişkiyi incelemektir. İlişkiyi incelemek amacıyla CADF birim kök testi ve Emirmahmutoğlu ve Köse 2011 nedensellik testi kullanılmıştır. Sonuçlar ekonomik büyümeden doğrudan yabancı yatırımlara doğru tek yönlü nedensellik olduğunu göstermiştir. Ayrıca ekonomik büyüme ve ticari dışa açıklık arasında çift yönlü nedensellik ilişkisi olduğu tespit edilmiştir. Doğrudan yabancı yatırımlar ve ticari dışa açıklık arasında çift yönlü nedensellik ilişkisi saptanmıştır. Bireysel ülke sonuçlarına göre ise karma bulgular elde edilmiştir.

Anahtar Kelimeler:

Ekonomik Büyüme, Doğrudan Sermaye Yatırımları, Ticari Dışa Açıklık, Panel Nedensellik

THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT, TRADE OPENNESS AND ECONOMIC GROWTH: THE CASE OF TURKEY AND BRICS COUNTRIES

Relationship between foreign direct investment and economic growth for developed and developing countries is controversial issue. The aim of this study is to examine relationship between foreign direct investment, trade openness and economic growth in the BRICS countries and in Turkey during the period 1982-2013. CADF unit root test and Emirmahmutoğlu ve Köse 2011 causality test are employed to examine the relationship. The results indicate that there is uni-directional causality running from economic growth to foreign direct investment. Besides, there is found bi-directional causality between economic growth and trade openness. There is detected bi-directional causality between foreign direct investment and trade openness. According to individual country results it is obtained mixed evidence

Keywords:

Economic Growth, Foreign Direct Investment, Trade Openness, Panel Causality,

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