The Foreign Direct Investment, Trade and Growth Nexus in Turkey
Journal Title: Uluslararası Ekonomi ve Yenilik Dergisi - Year 2017, Vol 3, Issue 1
Abstract
The aim of this study is to examine the impact of the foreign direct investments and the foreign trade on economic growth for Turkish Economy by using time series methods. According to the results of analysis, there is no an evidence of a long-term relationship between foreign direct investments, foreign trade and economic growth for the 1998-2015 period. There is one-way causality relation from import to economic growth and from foreign direct investment to economic growth. Turkey's economy depends heavily on imports for growth hypothesis is supported, imports and increasing the efficiency of foreign direct investment is expected to contribute to economic growth.
Authors and Affiliations
Ali Acaravcı, Müge Akyol
Keywords
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