Araştırma Makalesi
BibTex RIS Kaynak Göster

BRICS-T Ülkelerinin Doğrudan Yabancı Yatırım Çekiciliğinin Değerlendirilmesi: CRITIC-LOPCOW Tabanlı ARAS Yaklaşımı

Yıl 2025, Cilt: 9 Sayı: 1, 372 - 392, 26.03.2025
https://doi.org/10.30586/pek.1613421

Öz

Doğrudan yabancı yatırımlar (DYY’ler), çok uluslu şirketler (ÇUŞ’lar) için önemli olduğu kadar, bu yatırımları alan ülkelerin gelişmesinde önemli bir rol oynamaktadır. Başta gelişmekte olan ülkeler olmak üzere birçok ülke, ülkelerine daha fazla DYY çekmek için çaba göstermektedir. Bu çalışmada gelişmekte olan ülkeler arasında dünyada önemli bir yere sahip olan BRICS-T (Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye) ülkelerine yer verilmiştir. Çalışmanın temel amacı, 2019-2023 dönemi için BRICS-T ülkelerinin DYY çekiciliğini çok kriterli karar verme yöntemleri (ÇKKV) ile değerlendirmektir. ÇKKV yöntemlerinin bütünleşik olarak ele alındığı çalışmada, kriter ağırlıklandırma için CRITIC, LOPCOW ve ortak ağırlıklandırma yöntemleri kullanılmıştır. Performans sonuçlarına ulaşmak için ARAS yöntemine yer verilmiştir. Çalışmada, genel itibariyle kriter ağırlıklandırmada yolsuzluk algılama endeksi ve ekonomik özgürlük endeksi ve enflasyon oranı öne çıkarken, elektrik üretimi ve gayri safi yurtiçi hasıla (GSYİH) değişkenlerinin kriter ağırlığı düşük olmuştur. Bunun ötesinde bütün kriter ağırlıklandırma yöntemleri ile ARAS yönteminin bütünleşik performans sonuçlarına göre DYY çekiciliğinde BRICS-T ülkeleri arasında Çin, Hindistan ve Türkiye öne çıkmıştır. Buna karşın, Brezilya, Rusya ve Güney Afrika, DYY çekiciliğinin en düşük olduğu ülkeler arasında yer almıştır. Genel olarak yıllar içinde Türkiye’nin DYY çekiciliği artarken, Rusya’nın DYY çekiciliğinde düşüş olmuştur.

Etik Beyan

Bu çalışma etik beyan gerektirmemektedir.

Kaynakça

  • Abdioğlu, N.; Biniş, M.; Arslan, M. (2016). The effect of corporate tax rate on foreign direct investment: A panel study for OECD countries. Ege Academic Review, 16(4), 599-610. Retrieved From: https://dergipark.org.tr/en/pub/eab/issue/39958/474833
  • Alam, A. (2013). Electric power consumption, foreign direct investment and economic growth: A comparative study of India and Pakistan. World Journal of Science, Technology and Sustainable Development, 10(1), 55-65. https://doi.org/10.1108/20425941311313100
  • Altıntaş, F. F. (2021). Doğrudan yabancı yatırım performanslarının Multimoora yöntemi ile ölçülmesi: G7 grubu ülkeleri örneği. Pearson Journal of Social Sciences & Humanities, 6(16), 306-320. https://doi.org/10.46872/pj.431
  • Altuntaş, F.; Gök, M. Ş. (2020). Ülkelerin yatırım yapılabilirliklerinin değerlendirilmesi: TOPSIS ve COPRAS yöntemleri ile bir uygulama. Verimlilik Dergisi, 4, 41-64. https://doi.org/10.51551/verimlilik.550198
  • Apan, M.; Tiyek, R. (2023). Makroekonomik performans ve entegre CRITIC tabanlı MABAC karar verme yaklaşımı: Türkiye ekonomisinin 2008-2021 dönem verisinden kanıtlar. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 14(100. Yıl Özel Sayısı), 44-65. https://doi.org/10.21076/vizyoner.1314956
  • Asongu, S.; Akpan, U. S.; Isihak, S. R. (2018). Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries. Financial Innovation, 4(1), 1-17. https://doi.org/10.1186/s40854-018-0114-0
  • Baki, R. (2024). Comparison of Innovation Performances of BRICS Countries through CRITIC and GRA Methods. Gaziantep University Journal of Social Sciences, 23(4), 1561-1570. https://doi.org/10.21547/jss.1368192
  • Batmaz, T.; Yürük, B. (2023). Türkiye’ de Doğrudan Yabancı Yatırımların Belirleyicileri Üzerine Ampirik Bir Analiz: ARDL Sınır Testi (1990-2020). Optimum Ekonomi ve Yönetim Bilimleri Dergisi, 10(1), 99-124. Retrieved From: https://dergipark.org.tr/en/pub/optimum/issue/74376/1193547
  • Benli, M.; Ekinci, A.; Çağlar, A. (2022). Does Governance Matter for Foreign Direct Investment? A Comparative Analysis. Social Sciences Research Journal, 11(3), 344-357. Retrieved From: http://socialsciencesresearchjournal.com/index.php/ssrj/article/view/271
  • Beşoluk, E.; Keskin, A. (2023). Türkiye’de Doğrudan Yabancı Yatırımların Belirleyicileri: Hacker ve Hatemi-J Nedensellik Analizi. JOEEP: Journal of Emerging Economies and Policy, 8(1), 266-284. Retrieved From: https://dergipark.org.tr/en/pub/joeep/issue/76081/1299661
  • Bulduk, S.; Ecer, F. (2023). Entropi-ARAS yaklaşımıyla kripto para yatırım alternatiflerinin değerlendirilmesi. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 14(37), 314-333. https://doi.org/10.21076/vizyoner.1077873
  • Činčikaitė, R.; Meidute-Kavaliauskiene, I. (2023). Assessment of attractiveness of the Baltic States for foreign direct investment: The TOPSIS approach. Journal of Risk and Financial Management, 16(2), 63-78. https://doi.org/10.3390/jrfm16020063
  • Cutcu, I.; Keser, A. (2024). Democracy and foreign direct investment in BRICS-TM countries for sustainable development. Journal of the Knowledge Economy, 1-42. https://doi.org/10.1007/s13132-024-02205-3
  • Çalık, A.; Çizmecioğlu, S.; Akpınar, A. (2019). An integrated AHP‐TOPSIS framework for foreign direct investment in Turkey. Journal of Multi‐Criteria Decision Analysis, 26(5-6), 296-307. https://doi.org/10.1002/mcda.1692
  • Dadelo, S.; Turskis, Z.; Zavadskas, E. K.; & Dadelienė, R. (2012). Multiple criteria assessment of elite security personal on the basis of ARAS and expert methods. Economic Computation and Economic Cybernetics Studies and Research, 46(4), 65-87. Retrieved From: https://etalpykla.vilniustech.lt/handle/123456789/139078
  • Demir, A.; Şahinoğlu, T.; Ersungur, Ş. M. (2021). Makroekonomik Değişkenlerin Doğrudan Yabancı Yatırımlar Üzerine Etkisi: Türkiye Ekonomisi Açısından Değerlendirme. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 25(4), 1396-1419. https://doi.org/10.53487/ataunisosbil.992617
  • Diakoulaki, D.; Mavrotas, G.; Papayannakis, L. (1995). Determining objective weights in multiple criteria problems: The CRITIC Method. Computers & Operations Research, 22(7), 763-770. https://doi.org/10.1016/0305-0548(94)00059-H
  • Ecer, F. (2016). ARAS Yöntemi Kullanılarak Kurumsal Kaynak Planlaması Yazılımı Seçimi. Uluslararası Alanya İşletme Fakültesi Dergisi, 8(1), 89-98. Retrieved From: https://dergipark.org.tr/en/pub/uaifd/issue/21605/232067
  • Ecer, F.; Pamucar, D. (2022). A novel LOPCOW‐DOBI multi‐criteria sustainability performance assessment methodology: An application in developing country banking sector. Omega, 112, 102690. https://doi.org/10.1016/j.omega.2022.102690
  • Egger, P.; Winner, H. (2006). How corruption influences foreign direct investment: A panel data study. Economic Development and Cultural Change, 54(2), 459-486. https://doi.org/10.1086/497010
  • Elfakhani, S.; Mackie, W. (2015). An analysis of net FDI drivers in BRIC countries. Competitiveness Review, 25(1), 98-132. https://doi.org/10.1108/CR-05-2013-0053
  • Elma, O. E. (2024). Financial Performance of BIST Sustainability Index Enterprises: Unearthing the Most Optimum MCDA Methods for Decision-Makers. Verimlilik Dergisi, 58(4), 461-478. https://doi.org/10.51551/verimlilik.1410272
  • Enerdata (2024). World Energy & Climate Statistics – Yearbook 2024, Trend over 1990-2023 TWh. Retrieved From: https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html
  • Faruq. A. T. M. O. (2023). Determinants of Foreign Direct Investment (FDI): A Panel Data Analysis for the Emerging Asian Economies. European Journal of Business and Management Research, 8(6), 35-43. https://doi.org/10.24018/ejbmr.2023.8.6.2168
  • Ghazalian, P. L.; Amponsem, F. (2019). The effects of economic freedom on FDI inflows: an empirical analysis. Applied Economics, 51(11), 1111-1132. https://doi.org/10.1080/00036846.2018.1524979
  • Groh, A., Liechtenstein, H., Lieser, K., & Biesinger, M. (2024). The venture capital & private equity country attractiveness ındex, ranking 2023. Retrieved From: https://blog.iese.edu/vcpeindex/ranking/
  • Gupta, P.; Singh, A. (2016). Determinants of Foreign Direct Investment Inflows in BRICS Nations: A Panel Data Analysis. Emerging Economy Studies, 2(2), 181-198. https://doi.org/10.1177/2394901516661095
  • Gupta, S.; Jha, B.; Singh, R. K. (2022). Decision making framework for foreign direct investment: Analytic hierarchy process and weighted aggregated sum product assessment integrated approach. Journal of Public Affairs, 22, e2771. https://doi.org/10.1002/pa.2771
  • Gurshev, O. (2019). What determines foreign direct investment in Russia?. Central European Economic Journal, 6(53), 312-322. https://doi.org/10.2478/ceej-2019-0016
  • Gülbay Yiğiteli, N. (2024). Kurumsal Yapılar Bağlamında Doğrudan Yabancı Yatırımlar. Politik Ekonomik Kuram, 8(3), 667-688. https://doi.org/10.30586/pek.1519985
  • Heritage Foundation (2024). Index of Economic Freedom, All Country Scores. Retrieved From: https://www.heritage.org/index/pages/all-country-scores
  • Hintošová, A. B. (2021). Inward FDI: characterizations and evaluation. Encyclopedia, 1(4), 1026-1037. https://doi.org/10.3390/encyclopedia1040078
  • IMF (2024). Inflation rate, average consumer prices. Retrieved From: https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/ADVEC/WEOWORLD
  • İnam, B.; Murat, D. (2023). Seçilmiş G-20 ülkelerinde doğrudan yabancı yatırımlar: Bir performans analizi. International Journal of Social Inquiry, 16(1), 173−187. https://doi.org/10.37093/ijsi.1253174
  • Kar, M.; Tatlısöz, F. (2008). Türkiye’de doğrudan yabancı sermaye hareketlerini belirleyen faktörlerin ekonometrik analizi. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, 10(14), 436-458. Retrieved From: https://dergipark.org.tr/tr/pub/kmusekad/issue/10222/125672
  • Karagöz, K. (2007). Türkiye’de Doğrudan Yabanci Yatirim Girişlerini Belirleyen Faktörler: 1970–2005. Yaşar Üniversitesi E-Dergisi, 2(8), 929-948. Retrieved From: https://dergipark.org.tr/tr/pub/jyasar/issue/19120/202896
  • Kaur, M.; Sharma, R. (2013). Determinants of foreign direct investment in India: an empirical analysis. Decision, 40, 57-67. https://doi.org/10.1007/s40622-013-0010-4
  • Keleş, N. (2024). OECD ülkelerinde kullanılan bilgi ve iletişim teknolojilerinin çok kriterli karar verme yöntemleriyle karşılaştırılması. Gazi İktisat ve İşletme Dergisi, 10(2), 215-229. https://doi.org/10.30855/gjeb.2024.10.2.002
  • Koçtürk, O. M.; Eker, M. (2012). Dünyada ve Türkiye'de Doğrudan Yabanci Sermaye Yatırımları ve Çok Uluslu Şirketlerin Gelişimi. Tarım Ekonomisi Dergisi, 18(1 ve 2), 35-42. Retrieved From: https://dergipark.org.tr/en/pub/tarekoder/issue/25842/272437
  • Le, T. N.; Dang, T. T. (2024). Performance Analysis of Vietnamese Provinces’ FDI Attractiveness: An Application of DEA and Malmquist Indexes. SAGE Open, 14(3), 1-20. https://doi.org/10.1177/21582440241260505
  • Marchewka, A. (2023). Application of multi-criteria Vector Measure Construction Method (VMCM) to assess importance of foreign direct investment (FDI) to host country's regional economy. Procedia Computer Science, 225, 2497-2506. https://doi.org/10.1016/j.procs.2023.10.241
  • Maryam, J.; Mittal, A. (2020). Foreign direct investment into BRICS: an empirical analysis. Transnational Corporations Review, 12(1), 1-9. https://doi.org/10.1080/19186444.2019.1709400
  • Mathur, A.; Singh, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002. https://doi.org/10.1080/00036846.2011.613786
  • Meral, İ. G. (2024). Türkiye ve Türki Cumhuriyetlerde Sürdürülebilir Kalkınma Performansının CRITIC-LOPCOW ve CoCoSo Yöntemleriyle İncelenmesi. Fiscaoeconomia, 8(2), 619-645. https://doi.org/10.25295/fsecon.1431939
  • Mitsi, D. (2023). Economic Freedom, Fiscal Rules on FDI Inflows: An Analysis of 24 Developing Countries. International Journal of Economics and Finance, 15(12), 106-106. https://doi.org/10.5539/ijef.v15n12p106
  • Nguyen, P. H.; Tran, L. C.; Nguyen, H. B. D.; Ho, T. P. T., Duong, Q. A.; Tran, T. N. (2023). Unlocking the potential of open innovation through understanding the interrelationship among key determinants of FDI attractiveness. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100021. https://doi.org/10.1016/j.joitmc.2023.100021
  • Nistor, P. (2015). FDI implications on BRICS economy growth. Procedia Economics and Finance, 32, 981-985. https://doi.org/10.1016/S2212-5671(15)01557-9
  • Öztürkçü, N.; Yıldız, N. (2020). Uluslararası Ticaret ve Lojistik Performans: BRICS Ülkeleri Üzerine Bir Araştırma. Atlas Journal, 6(26), 206-218. https://doi.org/10.31568/atlas.407
  • Öz-Yalaman, G. (2020). The effect of corporate tax on foreign direct investment. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, (55), 221-244. https://doi.org/10.18070/erciyesiibd.597602
  • Peng, X.; Huang, H. (2020). Fuzzy decision making method based on CoCoSo with critic for financial risk evaluation. Technological and Economic Development of Economy, 26(4), 695-724. https://doi.org/10.3846/tede.2020.11920
  • Rachdi, H.; Brahim, M.; Guesmi, K. (2016). Determinants of foreign direct investment: The case of emerging markets. Journal of Applied Business Research, 32(4), 1033-1040. https://doi.org/10.19030/JABR.V32I4.9719
  • Sahiti, A.; Ahmeti, S.; Ismajli, H. (2018). A review of empirical studies on FDI determinants. Baltic Journal of Real Estate Economics and Construction Management, 6(1), 37-47. https://doi.org/10.1515/bjreecm-2018-0003
  • Saini, N.; Singhania, M. (2018). Determinants of FDI in developed and developing countries: A quantitative analysis using GMM. Journal of Economic Studies, 45(2), 348-382. https://doi.org/10.1108/JES-07-2016-0138
  • Shah, M.H.; Ali, Z. (2016). What Drives Foreign Direct Investment to BRICS?. PUTAJ Humanities and Social Sciences. 23(1), 51-66. Retrieved From: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2880537
  • Suryanta, B.; Patunru, A. A. (2023). Determinants of Foreign Direct Investment in Indonesia. Global Journal of Emerging Market Economies, 15(1), 109-131. https://doi.org/10.1177/09749101211067856
  • Şenalp, B. (2019). FDI and economic growth: The role of economic freedom. Journal of Economic Policy Researches, 6(1), 54-73. Retrieved From: https://dergipark.org.tr/en/pub/iuipad/issue/42747/515989
  • Şit, M. (2023). Ekonomik Özgürlük Endeksinin Doğrudan Yabancı Yatırımlara Etkisi: MINT Ülkeleri Örneği. Politik Ekonomik Kuram, 7(2), 427-439. https://doi.org/10.30586/pek.1307299
  • Tag, M. N.; Degirmen, S. (2022). Economic freedom and foreign direct investment: Are they related?. Economic Analysis and Policy, 73, 737-752. https://doi.org/10.1016/j.eap.2021.12.020
  • Tavus, S.; Azazi, H. (2024). Ticari Dışa Açıklığın Doğrudan Yabancı Sermaye Yatırımları Üzerindeki Etkisi: Türkiye İçin Zaman Serisi Analizi. Politik Ekonomik Kuram, 8(3), 784-797. https://doi.org/10.30586/pek.1515845
  • Tax Foundation (2023). Corporate Tax Rates around the World, 2023. Retrieved From: https://taxfoundation.org/data/all/global/corporate-tax-rates-by-country-2023/
  • Transparency International (2024). Corruption Perceptions Index. Retrieved From: https://www.transparency.org/en/cpi/2023
  • UNCTADstat. (2024). Foreign direct investment: Inward and outward flows and stock, annual (US$ at current prices in millions). Retrieved From: https://unctadstat.unctad.org/datacentre/dataviewer/US.FdiFlowsStock
  • Upadhyaya, K.; Barreto de Góes, B. (2024). Economic freedom and foreign direct investment in Brazil: an empirical analysis of determinants and policy implications. Journal of Financial Economic Policy, 16(3), 371-382. https://doi.org/10.1108/JFEP-02-2024-0045
  • Vijayakumar, N.; Sridharan, P.; Rao, K. C. S. (2010). Determinants of FDI in BRICS Countries: A panel analysis. International Journal of Business Science & Applied Management (IJBSAM), 5(3), 1-13. Retrieved From: https://www.econstor.eu/handle/10419/190616
  • Wanke, P.; Tan, Y., Antunes, J.; Emrouznejad, A. (2024). Foreign direct investment performance drivers at the country level: a robust compromise multi-criteria decision-making approach. Technological and Economic Development of Economy, 30(1), 148-174. https://doi.org/10.3846/tede.2024.19532
  • Wei, W. (2005). China and India: Any diffence in their FDI performances. Journal of Asian Economies, 16(4), 719-736. https://doi.org/10.1016/j.asieco.2005.06.004
  • World Bank Group (2024a). Population, total. Retrieved From: https://data.worldbank.org/indicator/SP.POP.TOTL
  • World Bank Group (2024b). GDP (current US$). Retrieved From: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
  • World Bank Group (2024c). GDP growth (annual %). Retrieved From: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG
  • World Bank Group (2024d). Labor force, total. Retrieved From: https://data.worldbank.org/indicator/SL.TLF.TOTL.IN
  • World Bank Group (2024e). Trade (% of GDP). Retrieved From: https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS
  • Zavadskas, E. K.; Podvezko, V. (2016). Integrated determination of objective criteria weights in MCDM. International Journal of Information Technology & Decision Making, 15(02), 267-283. https://doi.org/10.1142/S0219622016500036
  • Zavadskas, E. K.; Turskis, Z. (2010). A new additive ratio assessment (ARAS) method in multicriteria decision‐making. Technological and Economic Development of Economy, 16(2), 159-172. https://doi.org/10.3846/tede.2010.10
  • Zhang, S. (2022). Protection of foreign investment in China: The Foreign Investment Law and the changing landscape. European Business Organization Law Review, 23(4), 1049-1076. https://doi.org/10.1007/s40804-022-00247-1
  • Zheng, P. (2009). A comparison of FDI determinants in China and India. Thunderbird International Business Review, 51(3), 263-279. https://doi.org/10.1002/tie.20264

Evaluation of Foreign Direct Investment Attractiveness of BRICS-T Countries: The CRITIC-LOPCOW Based ARAS Approach

Yıl 2025, Cilt: 9 Sayı: 1, 372 - 392, 26.03.2025
https://doi.org/10.30586/pek.1613421

Öz

: Foreign direct investments (FDIs) are of significant importance not only for multinational corporations (MNCs) but also for the development of the countries receiving these investments. Many countries, especially developing countries, are making efforts to attract more FDIs. This study focuses on BRICS-T (Brazil, Russia, India, China, South Africa, and Türkiye) countries, which play an important role in the global development landscape. The primary objective of this study is to assess the FDI attractiveness of BRICS-T countries for the period 2019-2023 through the application of multi-criteria decision-making methods (MCDM). In this study, CRITIC, LOPCOW and common weighting methods were used for criteria weighting. The study revealed that the corruption perception index (CPI), economic freedom index (EFI) and inflation rate were important in the criterion weights, while electricity production and gross domestic product (GDP) had low weights. Furthermore, an examination of the integrated performance results of all criteria weighting methods and the ARAS method reveals that China, India, and Türkiye stand out among the BRICS-T countries in terms of FDI attractiveness. Conversely, Brazil, Russia, and South Africa are identified as countries with the lowest FDI attractiveness. In general, Türkiye's FDI attractiveness has increased over the years, while Russia's FDI attractiveness has decreased.

Etik Beyan

This study does not require an ethical declaration.

Kaynakça

  • Abdioğlu, N.; Biniş, M.; Arslan, M. (2016). The effect of corporate tax rate on foreign direct investment: A panel study for OECD countries. Ege Academic Review, 16(4), 599-610. Retrieved From: https://dergipark.org.tr/en/pub/eab/issue/39958/474833
  • Alam, A. (2013). Electric power consumption, foreign direct investment and economic growth: A comparative study of India and Pakistan. World Journal of Science, Technology and Sustainable Development, 10(1), 55-65. https://doi.org/10.1108/20425941311313100
  • Altıntaş, F. F. (2021). Doğrudan yabancı yatırım performanslarının Multimoora yöntemi ile ölçülmesi: G7 grubu ülkeleri örneği. Pearson Journal of Social Sciences & Humanities, 6(16), 306-320. https://doi.org/10.46872/pj.431
  • Altuntaş, F.; Gök, M. Ş. (2020). Ülkelerin yatırım yapılabilirliklerinin değerlendirilmesi: TOPSIS ve COPRAS yöntemleri ile bir uygulama. Verimlilik Dergisi, 4, 41-64. https://doi.org/10.51551/verimlilik.550198
  • Apan, M.; Tiyek, R. (2023). Makroekonomik performans ve entegre CRITIC tabanlı MABAC karar verme yaklaşımı: Türkiye ekonomisinin 2008-2021 dönem verisinden kanıtlar. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 14(100. Yıl Özel Sayısı), 44-65. https://doi.org/10.21076/vizyoner.1314956
  • Asongu, S.; Akpan, U. S.; Isihak, S. R. (2018). Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries. Financial Innovation, 4(1), 1-17. https://doi.org/10.1186/s40854-018-0114-0
  • Baki, R. (2024). Comparison of Innovation Performances of BRICS Countries through CRITIC and GRA Methods. Gaziantep University Journal of Social Sciences, 23(4), 1561-1570. https://doi.org/10.21547/jss.1368192
  • Batmaz, T.; Yürük, B. (2023). Türkiye’ de Doğrudan Yabancı Yatırımların Belirleyicileri Üzerine Ampirik Bir Analiz: ARDL Sınır Testi (1990-2020). Optimum Ekonomi ve Yönetim Bilimleri Dergisi, 10(1), 99-124. Retrieved From: https://dergipark.org.tr/en/pub/optimum/issue/74376/1193547
  • Benli, M.; Ekinci, A.; Çağlar, A. (2022). Does Governance Matter for Foreign Direct Investment? A Comparative Analysis. Social Sciences Research Journal, 11(3), 344-357. Retrieved From: http://socialsciencesresearchjournal.com/index.php/ssrj/article/view/271
  • Beşoluk, E.; Keskin, A. (2023). Türkiye’de Doğrudan Yabancı Yatırımların Belirleyicileri: Hacker ve Hatemi-J Nedensellik Analizi. JOEEP: Journal of Emerging Economies and Policy, 8(1), 266-284. Retrieved From: https://dergipark.org.tr/en/pub/joeep/issue/76081/1299661
  • Bulduk, S.; Ecer, F. (2023). Entropi-ARAS yaklaşımıyla kripto para yatırım alternatiflerinin değerlendirilmesi. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 14(37), 314-333. https://doi.org/10.21076/vizyoner.1077873
  • Činčikaitė, R.; Meidute-Kavaliauskiene, I. (2023). Assessment of attractiveness of the Baltic States for foreign direct investment: The TOPSIS approach. Journal of Risk and Financial Management, 16(2), 63-78. https://doi.org/10.3390/jrfm16020063
  • Cutcu, I.; Keser, A. (2024). Democracy and foreign direct investment in BRICS-TM countries for sustainable development. Journal of the Knowledge Economy, 1-42. https://doi.org/10.1007/s13132-024-02205-3
  • Çalık, A.; Çizmecioğlu, S.; Akpınar, A. (2019). An integrated AHP‐TOPSIS framework for foreign direct investment in Turkey. Journal of Multi‐Criteria Decision Analysis, 26(5-6), 296-307. https://doi.org/10.1002/mcda.1692
  • Dadelo, S.; Turskis, Z.; Zavadskas, E. K.; & Dadelienė, R. (2012). Multiple criteria assessment of elite security personal on the basis of ARAS and expert methods. Economic Computation and Economic Cybernetics Studies and Research, 46(4), 65-87. Retrieved From: https://etalpykla.vilniustech.lt/handle/123456789/139078
  • Demir, A.; Şahinoğlu, T.; Ersungur, Ş. M. (2021). Makroekonomik Değişkenlerin Doğrudan Yabancı Yatırımlar Üzerine Etkisi: Türkiye Ekonomisi Açısından Değerlendirme. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 25(4), 1396-1419. https://doi.org/10.53487/ataunisosbil.992617
  • Diakoulaki, D.; Mavrotas, G.; Papayannakis, L. (1995). Determining objective weights in multiple criteria problems: The CRITIC Method. Computers & Operations Research, 22(7), 763-770. https://doi.org/10.1016/0305-0548(94)00059-H
  • Ecer, F. (2016). ARAS Yöntemi Kullanılarak Kurumsal Kaynak Planlaması Yazılımı Seçimi. Uluslararası Alanya İşletme Fakültesi Dergisi, 8(1), 89-98. Retrieved From: https://dergipark.org.tr/en/pub/uaifd/issue/21605/232067
  • Ecer, F.; Pamucar, D. (2022). A novel LOPCOW‐DOBI multi‐criteria sustainability performance assessment methodology: An application in developing country banking sector. Omega, 112, 102690. https://doi.org/10.1016/j.omega.2022.102690
  • Egger, P.; Winner, H. (2006). How corruption influences foreign direct investment: A panel data study. Economic Development and Cultural Change, 54(2), 459-486. https://doi.org/10.1086/497010
  • Elfakhani, S.; Mackie, W. (2015). An analysis of net FDI drivers in BRIC countries. Competitiveness Review, 25(1), 98-132. https://doi.org/10.1108/CR-05-2013-0053
  • Elma, O. E. (2024). Financial Performance of BIST Sustainability Index Enterprises: Unearthing the Most Optimum MCDA Methods for Decision-Makers. Verimlilik Dergisi, 58(4), 461-478. https://doi.org/10.51551/verimlilik.1410272
  • Enerdata (2024). World Energy & Climate Statistics – Yearbook 2024, Trend over 1990-2023 TWh. Retrieved From: https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html
  • Faruq. A. T. M. O. (2023). Determinants of Foreign Direct Investment (FDI): A Panel Data Analysis for the Emerging Asian Economies. European Journal of Business and Management Research, 8(6), 35-43. https://doi.org/10.24018/ejbmr.2023.8.6.2168
  • Ghazalian, P. L.; Amponsem, F. (2019). The effects of economic freedom on FDI inflows: an empirical analysis. Applied Economics, 51(11), 1111-1132. https://doi.org/10.1080/00036846.2018.1524979
  • Groh, A., Liechtenstein, H., Lieser, K., & Biesinger, M. (2024). The venture capital & private equity country attractiveness ındex, ranking 2023. Retrieved From: https://blog.iese.edu/vcpeindex/ranking/
  • Gupta, P.; Singh, A. (2016). Determinants of Foreign Direct Investment Inflows in BRICS Nations: A Panel Data Analysis. Emerging Economy Studies, 2(2), 181-198. https://doi.org/10.1177/2394901516661095
  • Gupta, S.; Jha, B.; Singh, R. K. (2022). Decision making framework for foreign direct investment: Analytic hierarchy process and weighted aggregated sum product assessment integrated approach. Journal of Public Affairs, 22, e2771. https://doi.org/10.1002/pa.2771
  • Gurshev, O. (2019). What determines foreign direct investment in Russia?. Central European Economic Journal, 6(53), 312-322. https://doi.org/10.2478/ceej-2019-0016
  • Gülbay Yiğiteli, N. (2024). Kurumsal Yapılar Bağlamında Doğrudan Yabancı Yatırımlar. Politik Ekonomik Kuram, 8(3), 667-688. https://doi.org/10.30586/pek.1519985
  • Heritage Foundation (2024). Index of Economic Freedom, All Country Scores. Retrieved From: https://www.heritage.org/index/pages/all-country-scores
  • Hintošová, A. B. (2021). Inward FDI: characterizations and evaluation. Encyclopedia, 1(4), 1026-1037. https://doi.org/10.3390/encyclopedia1040078
  • IMF (2024). Inflation rate, average consumer prices. Retrieved From: https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/ADVEC/WEOWORLD
  • İnam, B.; Murat, D. (2023). Seçilmiş G-20 ülkelerinde doğrudan yabancı yatırımlar: Bir performans analizi. International Journal of Social Inquiry, 16(1), 173−187. https://doi.org/10.37093/ijsi.1253174
  • Kar, M.; Tatlısöz, F. (2008). Türkiye’de doğrudan yabancı sermaye hareketlerini belirleyen faktörlerin ekonometrik analizi. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, 10(14), 436-458. Retrieved From: https://dergipark.org.tr/tr/pub/kmusekad/issue/10222/125672
  • Karagöz, K. (2007). Türkiye’de Doğrudan Yabanci Yatirim Girişlerini Belirleyen Faktörler: 1970–2005. Yaşar Üniversitesi E-Dergisi, 2(8), 929-948. Retrieved From: https://dergipark.org.tr/tr/pub/jyasar/issue/19120/202896
  • Kaur, M.; Sharma, R. (2013). Determinants of foreign direct investment in India: an empirical analysis. Decision, 40, 57-67. https://doi.org/10.1007/s40622-013-0010-4
  • Keleş, N. (2024). OECD ülkelerinde kullanılan bilgi ve iletişim teknolojilerinin çok kriterli karar verme yöntemleriyle karşılaştırılması. Gazi İktisat ve İşletme Dergisi, 10(2), 215-229. https://doi.org/10.30855/gjeb.2024.10.2.002
  • Koçtürk, O. M.; Eker, M. (2012). Dünyada ve Türkiye'de Doğrudan Yabanci Sermaye Yatırımları ve Çok Uluslu Şirketlerin Gelişimi. Tarım Ekonomisi Dergisi, 18(1 ve 2), 35-42. Retrieved From: https://dergipark.org.tr/en/pub/tarekoder/issue/25842/272437
  • Le, T. N.; Dang, T. T. (2024). Performance Analysis of Vietnamese Provinces’ FDI Attractiveness: An Application of DEA and Malmquist Indexes. SAGE Open, 14(3), 1-20. https://doi.org/10.1177/21582440241260505
  • Marchewka, A. (2023). Application of multi-criteria Vector Measure Construction Method (VMCM) to assess importance of foreign direct investment (FDI) to host country's regional economy. Procedia Computer Science, 225, 2497-2506. https://doi.org/10.1016/j.procs.2023.10.241
  • Maryam, J.; Mittal, A. (2020). Foreign direct investment into BRICS: an empirical analysis. Transnational Corporations Review, 12(1), 1-9. https://doi.org/10.1080/19186444.2019.1709400
  • Mathur, A.; Singh, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002. https://doi.org/10.1080/00036846.2011.613786
  • Meral, İ. G. (2024). Türkiye ve Türki Cumhuriyetlerde Sürdürülebilir Kalkınma Performansının CRITIC-LOPCOW ve CoCoSo Yöntemleriyle İncelenmesi. Fiscaoeconomia, 8(2), 619-645. https://doi.org/10.25295/fsecon.1431939
  • Mitsi, D. (2023). Economic Freedom, Fiscal Rules on FDI Inflows: An Analysis of 24 Developing Countries. International Journal of Economics and Finance, 15(12), 106-106. https://doi.org/10.5539/ijef.v15n12p106
  • Nguyen, P. H.; Tran, L. C.; Nguyen, H. B. D.; Ho, T. P. T., Duong, Q. A.; Tran, T. N. (2023). Unlocking the potential of open innovation through understanding the interrelationship among key determinants of FDI attractiveness. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100021. https://doi.org/10.1016/j.joitmc.2023.100021
  • Nistor, P. (2015). FDI implications on BRICS economy growth. Procedia Economics and Finance, 32, 981-985. https://doi.org/10.1016/S2212-5671(15)01557-9
  • Öztürkçü, N.; Yıldız, N. (2020). Uluslararası Ticaret ve Lojistik Performans: BRICS Ülkeleri Üzerine Bir Araştırma. Atlas Journal, 6(26), 206-218. https://doi.org/10.31568/atlas.407
  • Öz-Yalaman, G. (2020). The effect of corporate tax on foreign direct investment. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, (55), 221-244. https://doi.org/10.18070/erciyesiibd.597602
  • Peng, X.; Huang, H. (2020). Fuzzy decision making method based on CoCoSo with critic for financial risk evaluation. Technological and Economic Development of Economy, 26(4), 695-724. https://doi.org/10.3846/tede.2020.11920
  • Rachdi, H.; Brahim, M.; Guesmi, K. (2016). Determinants of foreign direct investment: The case of emerging markets. Journal of Applied Business Research, 32(4), 1033-1040. https://doi.org/10.19030/JABR.V32I4.9719
  • Sahiti, A.; Ahmeti, S.; Ismajli, H. (2018). A review of empirical studies on FDI determinants. Baltic Journal of Real Estate Economics and Construction Management, 6(1), 37-47. https://doi.org/10.1515/bjreecm-2018-0003
  • Saini, N.; Singhania, M. (2018). Determinants of FDI in developed and developing countries: A quantitative analysis using GMM. Journal of Economic Studies, 45(2), 348-382. https://doi.org/10.1108/JES-07-2016-0138
  • Shah, M.H.; Ali, Z. (2016). What Drives Foreign Direct Investment to BRICS?. PUTAJ Humanities and Social Sciences. 23(1), 51-66. Retrieved From: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2880537
  • Suryanta, B.; Patunru, A. A. (2023). Determinants of Foreign Direct Investment in Indonesia. Global Journal of Emerging Market Economies, 15(1), 109-131. https://doi.org/10.1177/09749101211067856
  • Şenalp, B. (2019). FDI and economic growth: The role of economic freedom. Journal of Economic Policy Researches, 6(1), 54-73. Retrieved From: https://dergipark.org.tr/en/pub/iuipad/issue/42747/515989
  • Şit, M. (2023). Ekonomik Özgürlük Endeksinin Doğrudan Yabancı Yatırımlara Etkisi: MINT Ülkeleri Örneği. Politik Ekonomik Kuram, 7(2), 427-439. https://doi.org/10.30586/pek.1307299
  • Tag, M. N.; Degirmen, S. (2022). Economic freedom and foreign direct investment: Are they related?. Economic Analysis and Policy, 73, 737-752. https://doi.org/10.1016/j.eap.2021.12.020
  • Tavus, S.; Azazi, H. (2024). Ticari Dışa Açıklığın Doğrudan Yabancı Sermaye Yatırımları Üzerindeki Etkisi: Türkiye İçin Zaman Serisi Analizi. Politik Ekonomik Kuram, 8(3), 784-797. https://doi.org/10.30586/pek.1515845
  • Tax Foundation (2023). Corporate Tax Rates around the World, 2023. Retrieved From: https://taxfoundation.org/data/all/global/corporate-tax-rates-by-country-2023/
  • Transparency International (2024). Corruption Perceptions Index. Retrieved From: https://www.transparency.org/en/cpi/2023
  • UNCTADstat. (2024). Foreign direct investment: Inward and outward flows and stock, annual (US$ at current prices in millions). Retrieved From: https://unctadstat.unctad.org/datacentre/dataviewer/US.FdiFlowsStock
  • Upadhyaya, K.; Barreto de Góes, B. (2024). Economic freedom and foreign direct investment in Brazil: an empirical analysis of determinants and policy implications. Journal of Financial Economic Policy, 16(3), 371-382. https://doi.org/10.1108/JFEP-02-2024-0045
  • Vijayakumar, N.; Sridharan, P.; Rao, K. C. S. (2010). Determinants of FDI in BRICS Countries: A panel analysis. International Journal of Business Science & Applied Management (IJBSAM), 5(3), 1-13. Retrieved From: https://www.econstor.eu/handle/10419/190616
  • Wanke, P.; Tan, Y., Antunes, J.; Emrouznejad, A. (2024). Foreign direct investment performance drivers at the country level: a robust compromise multi-criteria decision-making approach. Technological and Economic Development of Economy, 30(1), 148-174. https://doi.org/10.3846/tede.2024.19532
  • Wei, W. (2005). China and India: Any diffence in their FDI performances. Journal of Asian Economies, 16(4), 719-736. https://doi.org/10.1016/j.asieco.2005.06.004
  • World Bank Group (2024a). Population, total. Retrieved From: https://data.worldbank.org/indicator/SP.POP.TOTL
  • World Bank Group (2024b). GDP (current US$). Retrieved From: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
  • World Bank Group (2024c). GDP growth (annual %). Retrieved From: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG
  • World Bank Group (2024d). Labor force, total. Retrieved From: https://data.worldbank.org/indicator/SL.TLF.TOTL.IN
  • World Bank Group (2024e). Trade (% of GDP). Retrieved From: https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS
  • Zavadskas, E. K.; Podvezko, V. (2016). Integrated determination of objective criteria weights in MCDM. International Journal of Information Technology & Decision Making, 15(02), 267-283. https://doi.org/10.1142/S0219622016500036
  • Zavadskas, E. K.; Turskis, Z. (2010). A new additive ratio assessment (ARAS) method in multicriteria decision‐making. Technological and Economic Development of Economy, 16(2), 159-172. https://doi.org/10.3846/tede.2010.10
  • Zhang, S. (2022). Protection of foreign investment in China: The Foreign Investment Law and the changing landscape. European Business Organization Law Review, 23(4), 1049-1076. https://doi.org/10.1007/s40804-022-00247-1
  • Zheng, P. (2009). A comparison of FDI determinants in China and India. Thunderbird International Business Review, 51(3), 263-279. https://doi.org/10.1002/tie.20264
Toplam 75 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uluslararası İktisat (Diğer), Finans ve Yatırım (Diğer)
Bölüm Makaleler
Yazarlar

Muhammed Fatih Aydemir 0000-0002-4248-9057

Erken Görünüm Tarihi 24 Mart 2025
Yayımlanma Tarihi 26 Mart 2025
Gönderilme Tarihi 4 Ocak 2025
Kabul Tarihi 5 Şubat 2025
Yayımlandığı Sayı Yıl 2025 Cilt: 9 Sayı: 1

Kaynak Göster

APA Aydemir, M. F. (2025). Evaluation of Foreign Direct Investment Attractiveness of BRICS-T Countries: The CRITIC-LOPCOW Based ARAS Approach. Politik Ekonomik Kuram, 9(1), 372-392. https://doi.org/10.30586/pek.1613421

Bu eser Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.