YABANCI DOĞRUDAN YATIRIMLARIN VERİMLİLİK ETKİSİ: TÜRKİYE, ÇİN VE HİNDİSTAN ÖRNEKLEMİNDE KARŞILAŞTIRMALI ÇOKLU YAPISAL KIRILMALI EŞBÜTÜNLEŞME ANALİZİ

Year 2014, Issue: 1, 7 - 40, 24.11.2015

İsmet Göçer , Osman Peker

Abstract

Bu çalışmada, Yabancı Doğrudan Yatırımların (YDY), ülkelerin Toplam Faktör Verimlilikleri (TFV) üzerindeki etkileri, Türkiye, Çin ve Hindistan için, Carrion-i-Silvestre vd. (2009) çoklu yapısal kırılmalı birim kök testi, Maki (2012) çoklu yapısal kırılmalı eşbütünleşme testi ve dinamik en küçük kareler yöntemi yardımıyla, 1980-2011 dönemi verileriyle analiz edilmiştir. Ampirik bulgulara göre; serilerin düzey değerlerinde durağan olmadığı ve seriler arasında eşbütünleşme ilişkisinin varolduğu görülmüştür. Uzun dönem analizi sonucunda; YDY’deki %10’luk artışın TFV’yi Türkiye’de % 0,3; Çin’de % 0,4 ve Hindistan’da % 0,2 oranında arttırdığı tespit edilmiştir. 

Keywords

Yabancı Doğrudan Yatırımlar, Toplam Faktör Verimliliği, Çoklu Yapısal Kırılmalı Zaman Serisi Analizi

PRODUCTIVITY EFFECTS OF FOREIGN DIRECT INVESTMENT: A COMPARATIVE COINTEGRATION ANALYSIS WITH MULTIPLE STRUCTURAL BREAKS IN TURKEY, CHINA AND INDIA SAMPLE

Abstract

In this study effects of Foreign Direct Investment (FDI) on countries’ Total Factor Productivity (TFP), are analyzed with the help of ‘multiple structural breaks unit root test of Carrion-i-Silvestre et al. (2009)’, ‘multiple structural breaks cointegration test of Maki (2012)’ and ‘dynamic ordinary least square method’ for Turkey, China and India by using 1980-2011 period data. According to the empirical findings, series are non-stationary in level and it is observed that there is cointegration relationship between series. As a result of the long run analysis; 10% increase in FDI leads to 0,3 % increase in Turkey; 0,4 % increase in China and 0,2 % increase in India with respect to TFP. 

Keywords

Foreign Direct Investment, Total Factor Productivity, Time Series Analysis with Multiple Structural Breaks

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