The Effect of Foreign Direct Investment and Economic Growth on Health: An Empirical Investigation for Türkiye

Yıl 2024, Cilt: 8 Sayı: 2, 517 - 540, 24.05.2024

Seda Kutluer , Zafer Çalışkan

https://doi.org/10.25295/fsecon.1423647

Öz

This study aims to investigate the effect of foreign direct investment (FDI) on health for the period of 1975-2018 in Türkiye by using a health production function approach. Life expectancy at birth which is the dependent variable in the study is used as a proxy for the average health status of Turkish citizens. FDI is defined as the ratio of foreign direct investment to GDP. In order to provide optimal estimates of cointegrating relationship, the Fully Modified OLS (FMOLS) developed by Phillips & Hansen (1990) is preferred as the main estimation method, as it allows for endogeneity of explanatory variables. The findings of the study point out that foreign direct investment inflows reduce life expectancy in Türkiye.

Anahtar Kelimeler

Foreign Direct Investment, Economic Growth, Health, Life Expectancy, FMOLS, Health Production Function

Etik Beyan

Conflict of Interest: The authors declare that they have no competing interests. Ethical Approval: The authors declare that ethical rules are followed in all preparation processes of this study. Contribution's of Authors: Introduction and Literature: First Author Method and Conclusion: %50 First author and % 50 Second author

Doğrudan Yabancı Yatırımın ve İktisadi Büyümenin Sağlık Üzerindeki Etkisi: Türkiye için Ampirik Bir Araştırma

Öz

Bu çalışma, doğrudan yabancı yatırımın sağlık üzerindeki etkisini 1975-2018 döneminde Türkiye için sağlık üretim fonksiyonu yaklaşımıyla incelemeyi amaçlamıştır. Bu çalışmada, bağımlı değişken olan doğuşta yaşam beklentisi Türk vatandaşlarının ortalama sağlık durumunu göstermek için kullanılmıştır. Doğrudan yabancı yatırımı temsil etmek üzere doğrudan yabancı yatırımın GDP’ye oranı kullanılmıştır. Tahmin yöntemi olarak eşbütünleşme ilişkisinin en iyi tahminini sağlayan Phillips & Hansen (1990) tarafından geliştirilen FMOLS yöntemi açıklayıcı değişkenlerin içselliğine izin verdiği için tercih edilmiştir. Analiz sonucunda doğrudan yabancı yatırım girişlerinin yaşam beklentisini düşürdüğü tespit edilmiştir.

Anahtar Kelimeler

Doğrudan Yabancı Yatırım, Büyüme, Sağlık, Yaşam Beklentisi, FMOLS, Sağlık Üretim Fonksiyonu

Kaynakça

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