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Yabancı sermayenin yükselen ekonomilerin büyümesi üzerindeki etkisi: Türkiye ve Pakistan’da bir olgu sunumu 1980-2015

Year 2017, Issue: 46, 125 - 154, 01.06.2017

Abstract

Bu araştırmada, yükselen ekonomilerde Türkiye ve Pakistan’da doğrudan yabancı yatırımların, bu ülkelerin ekonomilerinin büyümesine olan katkısı incelenmektedir. Son yıllarda, Çin, Brezilya, Rusta, Hindistan, Türkiye gibi yükselen ekonomilerdeki hızlı büyüme, beraberinde bu hızlı büyüme içersinde, yabancılar tarafından yapılan doğrudan yatırımların etkisini gündeme getirmiştir. Özellikle de, Bhagwati’nin 1978 yılında kullandığı model kullanılarak, Pakistan gibi gelişmekte olan bir ülke için iyi bir model oluşturup olamayacağı incelenmiştir. 1980-2015 arasındaki verilere dayalı yapılan çalışmada, her iki ülkede de, hem Türkiye hem de Pakistan da, doğrudan yatırım ile ekonomik büyüme arasında doğrudan bir ilişki bulunmuştur

References

  • Czinkota, M. and Ronainen, I and Kotabe, M., (2009). Emerging Trends, Threats, and Opportunities in International Marketing: What Executives Need to Know. Business Expert Press LLC, 402 pp. ISBN 9781606490358
  • Dervis, K., (1979). Foreign trade regimes and economic development: Anatomy and consequences of exchange control regimes: Jagdish N. Bhagwati National Bureau of Economic Research (Ballinger Publishing Company, Cambridge, MA, 1978)
  • Dumludag, D., (2010). The quality of institutions and multinational corporation: the political economy of foreign direct investment in Turkey. Understandıng the process of economic change in Turkey: an ınstıtutıonal approach, 143.
  • Guisinger, S., (1991). Foreign direct ınvestment flows in East and Southeast Asia: Policy issues. Asean Economic Bulletin, 29-46.
  • Jaffri, A.A., Asghar, N., Ali, M.M. and Asjed, R., (2012). Foreign direct investment and current account balance of Pakistan. Pakistan Economic and Social Review, pp.207-222.
  • Kaya, H., (2009). Unfavorable business environment and foreign direct investment activities of Turkish manufacturing firms. BDDK Bankacılık ve Finansal Piyasalar, 3(1), 101-117.
  • Kemmerer, E. W., (1916). The Theory of foreign investments. The annals of the American Academy of Political and Social Science, 68(1), 1-9.
  • Khan, M. A., and Naeem-Ur-Rehman, K., (2009). Effects of economic factors on Foreign Direct Investment inflow: evidence from Pakistan (1971-2005). Sarhad Journal of Agriculture, 25(1), 135-140.
  • Kolstad, I.,Villanger, E., (2008). Determinants of foreign direct investment in services. European Journal of Political Economy, 24(2), 518-533.
  • Kurtishi-Kastrati, S., (2013). The effects of foreign direct investments for host country’s economy. European Journal of Interdisciplinary Studies, 5(1), p.26.
  • Lau, C. M., (2008). FDI in China: What we know and what we need to study next. The Academy of Management Perspectives, 22(4), 30-44.
  • Loewendahl, H. and Ertugal-Loewendahl, E., (2001) Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU Enlargement. ENEPRI Working Paper No. 8.
  • McDonald, F., Tüselmann, H. J., Heise, A., & Williams, D., (2003). Employment in host regions and foreign direct investment. Environment And Planning C: Government and Policy, 21(5), 687-701.
  • United Nations (1990) International Trade Statistics Yearbook. Ozturk, I., & Acaravci, A., (2010). Testing the export-led growth hypothesis: empirical evidence from Turkey. The Journal of Developing Areas, 44(1), 245-254.
  • OECD (2017). Foreign Direct Investment in Figures. http://www.oecd.org/daf/inv/investment-policy/FDI-in-Figures- October-2016.pdf
  • Shahbaz, M., and Rahman, M., (2012). The dynamic of financial development, imports, foreign direct investment and economic growth: cointegration and causality analysis in Pakistan. Global Business Review, 13(2) 201-219.
  • Singh, H., Jun, K. W., (1995). Some New Evidence on Determinants of Foreign Direct Investment In Developing Countries (No. 1531). World Bank Publications.
  • Tatoglu, E., (2000). Strategic motives and partner selection criteria in international joint ventures in Turkey: Perspectives of western firms and Turkish firms. Journal of Global Marketing, 13(3), 53-92.
  • Yang, B., (2007). Autocracy, democracy, and FDI inflows to the developing countries. International Economic Journal, 21(3), 419-439. Internet references
  • World Bank (2017) World Bank Statistics http://databank.worldbank.org/data/download/GDP.pdf, (Accession date: 05.10.2016)
  • World Bank (2017). World Bank Statistics. http://databank.worldbank.org/data/download/foreigndirect investment.pdf (Accession date: 05.10.2016)

The impact of foreign direct investment on the growth of emerging economies: a case studies of Turkey and Pakistan 1980-2015

Year 2017, Issue: 46, 125 - 154, 01.06.2017

Abstract

This paper investigates the impact of foreign direct investment on the growth of emerging economies of Turkey and Pakistan. Decreasing the gap between domestic savings, investment, bringing the latest technology and management, know-how from developed countries and foreign direct investment (FDI) plays important role in achieving rapid economic growth in developing counties. This study highlights the relation between economic growth and foreign direct investment (FDI) in emerging economies of Turkey and Pakistan. The research focuses on the inflow of FDI and the economics of Turkey and Pakistan to find out the role of inflow of FDI over the economic growth. It shows that the inflow of FDI has a significant effect on economic growth using gross domestic product (GDP) from period 2000 to 2015. When the relationship between FDI and economics growth was estimated using gross domestic product; it has been found that there exists a strong positive relation between them. The results stand robust in the causality test and regression analysis

References

  • Czinkota, M. and Ronainen, I and Kotabe, M., (2009). Emerging Trends, Threats, and Opportunities in International Marketing: What Executives Need to Know. Business Expert Press LLC, 402 pp. ISBN 9781606490358
  • Dervis, K., (1979). Foreign trade regimes and economic development: Anatomy and consequences of exchange control regimes: Jagdish N. Bhagwati National Bureau of Economic Research (Ballinger Publishing Company, Cambridge, MA, 1978)
  • Dumludag, D., (2010). The quality of institutions and multinational corporation: the political economy of foreign direct investment in Turkey. Understandıng the process of economic change in Turkey: an ınstıtutıonal approach, 143.
  • Guisinger, S., (1991). Foreign direct ınvestment flows in East and Southeast Asia: Policy issues. Asean Economic Bulletin, 29-46.
  • Jaffri, A.A., Asghar, N., Ali, M.M. and Asjed, R., (2012). Foreign direct investment and current account balance of Pakistan. Pakistan Economic and Social Review, pp.207-222.
  • Kaya, H., (2009). Unfavorable business environment and foreign direct investment activities of Turkish manufacturing firms. BDDK Bankacılık ve Finansal Piyasalar, 3(1), 101-117.
  • Kemmerer, E. W., (1916). The Theory of foreign investments. The annals of the American Academy of Political and Social Science, 68(1), 1-9.
  • Khan, M. A., and Naeem-Ur-Rehman, K., (2009). Effects of economic factors on Foreign Direct Investment inflow: evidence from Pakistan (1971-2005). Sarhad Journal of Agriculture, 25(1), 135-140.
  • Kolstad, I.,Villanger, E., (2008). Determinants of foreign direct investment in services. European Journal of Political Economy, 24(2), 518-533.
  • Kurtishi-Kastrati, S., (2013). The effects of foreign direct investments for host country’s economy. European Journal of Interdisciplinary Studies, 5(1), p.26.
  • Lau, C. M., (2008). FDI in China: What we know and what we need to study next. The Academy of Management Perspectives, 22(4), 30-44.
  • Loewendahl, H. and Ertugal-Loewendahl, E., (2001) Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU Enlargement. ENEPRI Working Paper No. 8.
  • McDonald, F., Tüselmann, H. J., Heise, A., & Williams, D., (2003). Employment in host regions and foreign direct investment. Environment And Planning C: Government and Policy, 21(5), 687-701.
  • United Nations (1990) International Trade Statistics Yearbook. Ozturk, I., & Acaravci, A., (2010). Testing the export-led growth hypothesis: empirical evidence from Turkey. The Journal of Developing Areas, 44(1), 245-254.
  • OECD (2017). Foreign Direct Investment in Figures. http://www.oecd.org/daf/inv/investment-policy/FDI-in-Figures- October-2016.pdf
  • Shahbaz, M., and Rahman, M., (2012). The dynamic of financial development, imports, foreign direct investment and economic growth: cointegration and causality analysis in Pakistan. Global Business Review, 13(2) 201-219.
  • Singh, H., Jun, K. W., (1995). Some New Evidence on Determinants of Foreign Direct Investment In Developing Countries (No. 1531). World Bank Publications.
  • Tatoglu, E., (2000). Strategic motives and partner selection criteria in international joint ventures in Turkey: Perspectives of western firms and Turkish firms. Journal of Global Marketing, 13(3), 53-92.
  • Yang, B., (2007). Autocracy, democracy, and FDI inflows to the developing countries. International Economic Journal, 21(3), 419-439. Internet references
  • World Bank (2017) World Bank Statistics http://databank.worldbank.org/data/download/GDP.pdf, (Accession date: 05.10.2016)
  • World Bank (2017). World Bank Statistics. http://databank.worldbank.org/data/download/foreigndirect investment.pdf (Accession date: 05.10.2016)
There are 21 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Ali Bux Baloch This is me

Zelha Altınkaya

Publication Date June 1, 2017
Published in Issue Year 2017 Issue: 46

Cite

APA Baloch, A. B., & Altınkaya, Z. (2017). The impact of foreign direct investment on the growth of emerging economies: a case studies of Turkey and Pakistan 1980-2015. Anadolu Bil Meslek Yüksekokulu Dergisi(46), 125-154.



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