Economic Freedom, Foreign Direct Investment and Domestic Investment Expenditures in Turkey

Yıl 2018, Cilt: 8 Sayı: 2, 75 - 89, 29.12.2018

Ali Acaravcı , Sinan Erdoğan , Güray Akalin

https://doi.org/10.18074/ckuiibfd.391168

Öz

In this study, the long run relationships between
economic freedom, foreign direct investments and domestic investment
expenditures in Turkey were explored for the period 1995–2015 by using the autoregressive distributed lag (ARDL)
model.
The ARDL cointegration test presents that there is an evidence of the long-run
relationship between variables. The overall results from the estimated long run
coefficients indicate that; i) There isn’t any statistically significant
relationship between foreign direct investments and domestic investment
expenditures. ii) Per capita real income and the economic freedom have positive effect on domestic investment expenditures.

Anahtar Kelimeler

Economic Freedom, Foreign Direct Investments, Domestic Investment Expenditures, ARDL

Türkiye’de Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar ve Yurtiçi Yatırım Harcamaları İlişkisi

Öz

Bu çalışmada,
Türkiye ekonomisinde ekonomik özgürlükler, yabancı doğrudan yatırımlar ve yurt
içi yatırım harcamaları arasındaki uzun dönemli ilişkiler, 1995-2015 dönemi
için gecikmesi dağıtılmış otoregresif (ARDL) modeli ile araştırılmıştır. ARDL
eşbütünleşme testi, değişkenler arasında uzun dönemli ilişki olduğunu sonucunu
ortaya koymuştur. Uzun dönemli katsayılardan elde edilen sonuçlar göre; i)
yabancı doğrudan yatırımlar ve yurtiçi yatırım harcamaları arasında istatistiksel
olarak anlamlı bir ilişki yoktur. ii) Kişi başı reel gelir ve ekonomik
özgürlükler ise, yurtiçi yatırım harcamalarını pozitif yönde etkilemektedir.

Anahtar Kelimeler

Ekonomik Özgürlükler, Yabancı Doğrudan Yatırımlar, Yurt İçi Yatırım Harcamaları, ARDL

Kaynakça

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