Halit YANIKKAYA, Ömer Selçuk EMSEN, Mustafa Kemal DEĞER, Burhan KABADAYI, Cevat GERNİ

THE DETERMINANTS OF FDI IN TRANSITION ECONOMIES A PANEL DATA ANALYSIS

Bu çalışmada geçiş ekonomilerine yönelik doğrudan yabancı sermaye yatırımlarının (DYSY) belirleyicileri 1993-2012 dönemleri arasında panel veri analizleri yöntemiyle incelenmiştir. Çalışmada elde edilen bulgular geniş yerel piyasalara ve makro ekonomik istikrara sahip ülkelerin DYSY'leri kendi ülkelerine çekme konusunda daha başarılı olduklarını göstermektedir. Çalışmamızın bulguları sonuç olarak Geçiş Ekonomilerine yönelik DYSY'lerin piyasaya ve doğal kaynağa yönelimli olduğu hipotezini desteklemektedir

GEÇİŞ EKONOMİL ERİNDE DYSY'NİN BELİRLEYİCİLERİ : PANEL VERİANALİZİ

This study investigates the determinants of foreign direct investments (FDI) in transition economies in the period of 1993-2012 by using panel data analysis. Our estimation results reveal that countries, which have large local markets and macroeconomic stabilization are more successful in attracting the FDI. Our findings thus support the hypothesis that FDI inflows to transition countries can be explained by both market seeking and resource-seeking motivations

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