Ali ACARAVCI, Seyfettin ARTAN, Sinan ERDOĞAN, Tunay BOSTAN GÖKTÜRK

TÜRKİYE’DE KURUMSAL KALİTE, REEL GELİR VE DOĞRUDAN YABANCI YATIRIMLAR İLİŞKİSİ

Bu çalışmada, Türkiye ekonomisinde kurumsal kalite, reel gelir ve doğrudan yabancı yatırımlar arasındaki uzun dönemli ilişkiler, 1990-2015 dönemi için gecikmesi dağıtılmış otoregresif (ARDL) yöntemi ile araştırılmıştır. Sonuçlar şöyle özetlenebilir: i) Durağanlık analizi sonuçları, ARDL eşbütünleşme testi için ön koşulu sağlamaktayken, ARDL sınır testi sonuçları ise değişkenler arasında uzun dönemli ilişki olduğunu göstermektedir. ii) Reel gelirde ve kurumsal kalitede artışlar, reel doğrudan yabancı yatırım girişlerini olumlu etkilemektedir. iii) Her bir dönemde, değişkenler arası uzun dönem dengeden herhangi bir sapmanın %84’ü düzelmektedir. Bu çalışmanın sonuçları, doğrudan yabancı yatırımlar girişlerinde kurumsal faktörlerin de önemli olduğunu vurgulamaktadır. Bu nedenle kurumsal kalitenin artırılması yönünde çabalar, doğrudan yabancı sermaye girişlerini özendirecektir.

Anahtar Kelimeler:

Doğrudan Yabancı Yatırımlar, GSYH, Kurumsal Kalite, ARDL

INSTITUTIONAL QUALITY, REAL INCOME AND FOREIGN DIRECT INVESTMENT RELATIONSHIP IN TURKEY

In this study, long-run relationships between institutional quality, real income and foreign direct investment examined in terms of Turkey for the period of 1990-2015 by using autoregressive distributed lag (ARDL) method. Results are as follows: i) While stationarity analysis results provide the preconditions for the ARDL cointegration test, ARDL bounds test results confirm that there is a long-run relationship between variables. ii) Increasing in real income and institutional quality positively affect foreign direct investment inflows. iii) Any deviation from the long-run equilibrium between variables is corrected about 84% for each period. The findings of this study emphasize that institutional quality is matter for foreign direct investment inflows as well. So, enhancing efforts of institutional quality encourage the foreign direct investment inflows.

Keywords:

Foreign Direct Investment, GDP, Institutional Quality, ARDL,

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