Türkiye'de mali nitelikteki teşviklerin doğrudan yabancı sermaye üzerindeki etkisi: Toda-Yamamato nedensellik analizi çerçevesinde değerlendirme

Bu çalışma ile doğrudan yabancı sermaye yatırımlarını etkileyen unsurlar dikkate alınarak, Türkiye’de söz konusu yatırımcılara yönelik olarak verilen teşvik belgesinin etkisi incelenmektedir. Yatırımcılara 1980 yılından itibaren teşvik belgesi verilmeye başladığı için araştırmanın başlangıç yılı olarak 1980 yılı ele alınmıştır ve araştırma 1980-2007 dönemini kapsamaktadır. Araştırmada Toda ve Yamamoto (1995) tarafından geliştirilen Gecikmesi Artırılmış VAR Modeli (Toda-Yamamoto Nedensellik Modeli) kullanılmıştır. Analiz sonucunda doğrudan yabancı sermaye yatırımları ile teşvik belgesi arasında çift yönlü nedensellik ilişkisi tespit edilmemiştir.

The effect of fiscal incentives on foreign direct investment in Turkey: An evaluation with Toda-Yamamato causality test

With this study the effect of incentive certificate on foreign direct investment investigated with taking in to account the items that effect foreign direct investment. The begining year of the study is 1980 because of the fact that incentive certificate application started in this year. Study term is 1980-2007. Toda-Yamamato Granger Test that suggested from Toda and Yamamato (1995) is used in this study. As a result there is no double causality relationship between foreign direct investment and incentive certificate.

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