DETERMINISTIC EFFECT FOREIGN DIRECT INVESTMENT ON CORRUPTION: A PANEL DATA ANALYSIS FOR MENA REGION

Year 2018, Prof. Dr. Harun TERZI Special Issue, 287 - 302, 19.09.2018

Adem Gök , Tahsin Yamak , Emre Saygın

https://doi.org/10.18092/ulikidince.445887

Abstract

The
Middle East and North Africa (MENA) region are generally consist of rentier
economies of potential holding corruption and similar negative effects on
political, social, legal, administrative, commercial and many other individual
or institutional behaviors. On the other hand, the MENA are in need of foreign direct
investments (FDI) in the way of economic development. Empirical studies have
assessed the phenomenon of corruption as a decisive factor influencing the
decisions of individual investors, and FDI-corruption relations is often
explored from this perspective. In this study, the influence of FDI inflows on
the control of corruption was investigated by System GMM analysis method for
the period of 1996-2016 in MENA, and under the data conditions it was found
that the FDI inflows had a negative and significant effect on the control of
corruption. This is explained by the constraints of political and social
institutions, especially in the "traditional" and "closed"
structures in the countries of the region.

Keywords

The Middle East, Corruption, Foreign Direct Investment, Panel Data.

DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ YOLSUZLUK ÜZERİNDEKİ BELİRLEYİCİ ETKİSİ: MENA BÖLGESİ İÇİN PANEL VERİ ARAŞTIRMASI

Abstract

Ortadoğu
ve Kuzey Afrika (MENA) bölgesi genel olarak siyasal, toplumsal, hukuki, idari,
ticari ve diğer birçok alandaki bireysel ya da kurumsal davranışlar üzerinde
yolsuzluk ve benzeri olumsuz/bozucu nitelikte etkiler doğurma potansiyeli
barındıran rantiyer ekonomilerden oluşmaktadır. Diğer yandan MENA, iktisadi
kalkınma yolunda doğrudan yabancı sermaye yatırımlarına (DYSY) oldukça fazla
ihtiyaç duymaktadır. Literatürdeki araştırmalar yolsuzluk olgusunu yabancı
yatırımcıların kararlarına etki eden belirleyici bir faktör olarak
değerlendirmekte ve DYSY-yolsuzluk ilişkisi çoğunlukla bu yönden
irdelenmektedir. Bu çalışmada, literatürün aksine DYSY girişlerinin yolsuzluğun
kontrolü üzerindeki etkisi 1996-2016 dönemi için MENA bölgesi özelinde Sistem
GMM analizi yöntemiyle araştırılmış ve veri şartlar altında doğrudan yabancı
sermaye akımı girişlerinin yolsuzluğun kontrolü üzerinde negatif ve anlamlı bir
etkisinin bulunduğu tespit edilmiştir. Bu durum bölge ülkelerinde “geleneksel”
ve “kapalı” yapılardan beslenen özellikle politik ve toplumsal kurumların
kısıtlayıcılığı ile açıklanmaktadır. 

Keywords

Ortadoğu, Yolsuzluk, Doğrudan Yabancı Sermaye Yatırımları, Panel Veri

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