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YÜKSELEN PİYASA EKONOMİLERİNDE DOĞRUDAN YABANCI YATIRIMLARIN YAKINSAMASI

Year 2016, Issue: 12, 54 - 69, 31.12.2016

Abstract

Bu çalışmada Yükselen piyasa Ekonomilerinin almış olduğu doğrudan yabancı yatırımlar arasında bir yakınsama olup olmadığı analiz edilmiştir. Geleneksel ve β yakınsaması yerine literatürde daha etkin sonuçlar verdiği vurgulanan ikili yaklaşım kullanılmıştır. Analiz dönemi 1990-2015 olup 33 ülke ele incelenmiştir. Sonuç olarak bu ülkelerinin almış olduğu doğrudan yabancı sermaye akımlarında bir yakınsama tespit edilememiştir. Bu doğrudan yabancı sermaye yatırımlarının ülkelerin verdikleri destek/teşvik mekanizmalarından bağımsız olarak ülkelerin kurumsal yapılarından daha fazla etkilendiğini gösterebilir.

References

  • Acemoglu, D. and Robinson, J. (2010), The Role of Institutions in Growth and Development. Review of Economics and Institutions, 1 (2), 1-33.
  • Bernard, A.D., Durlauf, S.N. (1996), Interpreting tests of the Convergence Hypothesis. Journal of Econometrics, 71, 161–173.
  • Baumol, W. (1986), Productivity Growth, Convergence, and Welfare, American Economic Review, 76 (5), 1072-85
  • Çatık, N. and Karaçuka, M (2012), A spatial approach To Measure Productivity Spillovers of Foreign Affiliated Firms in Turkish Manufacturing Industries, The Journal of Developing Areas, 46 (2), 65-83
  • Feldstein, M. and Horioka, C. (1980), Domestic Saving and International Capital Flows, Economic Journal, 90 (358), 314–329 Gu, W. and Russell, R. R. (2010), Foreign Direct Investment and Convergence: A Nonparametric Production Frontier Approach,
  • http://economics.ucr.edu/seminars_colloquia/2010/economic_theory/Gu%20paper%20for%203%208%2010%20seminar.pdf
  • Kim, D.-H. and Trumbore, P. F (2010), Transnational Mergers and Acquisitions: The Impact of FDI on Human Rights, 1981–2006, Journal of Peace Research 47 (6), 723–734.
  • Kottaridi, C. and Thomakos, D. D. (2007), Global FDI Convergence Patterns? Evidence from International Comparisons, Journal of Economic Integration, Center for Economic Integration, Sejong University, 22, 1-25.
  • Kök, R. and Ersoy, B. A. (2009), Analyses of FDI Determinants in Developing Countries, International Journal of Social Economics, 36 (1/2), 105 – 123
  • Mottaleb, K. A. and Kalirajan, K. (2010), Determinants of Foreign Direct Investment in Developing Countries: A Comparative Analysis, ASARC Working Paper 2010/13.
  • Onyewuchi, O. G and Obumneke, E (2013), Multinational Corporations and the Nigerian Economy, International Journal of Academic Research in Business and Social Sciences, 3 (4), 359-369
  • Quah, D.(1993), Galton’s Fallacy and Tests of the Convergence Hypothesis, Scandinavian Journal of Economics, 95 (4),427-43
  • Quah, D. (1996), Empirics for Economic Growth and Convergence.European Economic Review, 40 (6), 1353-1375.
  • Pesaran, M.H. (2007), A Pair-wise Approach to Testing for Output and Growth Convergence, Journal of Econometrics 138, 312–355.
  • Pesaran, M.H., Smith, R.P., Yamagata. T. and Hvozdyk, L. (2006), Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures, Cambridge Working Papers in Economics, 0634, Faculty of Economics, University of Cambridge.
  • Pesaran, M.H., Smith, R.P., Yamagata. T. and Hvozdyk, L. (2009), Pairwise Tests of Purchasing Power Parity, Econometric Reviews, 28 (6), 495-521.
  • Popovici, O. C. and Călin, A. C, (2014), FDI Theories. A Location-Based Approach, The Romanian Economic Journal, 17 (53), 3-24
  • Sarıalioğlu Hayali, A. (2012), A Comparative Analysis of FDI in Terms of “Quantity” and “Quality”: Turkish Case, Ege Akademik Bakış, 3(12), 285-300
  • Tanimoune, N. A. and Renard. M. F. (2005), FDI Convergence and Spatial Dependence between Chinese Provinces, 5th International Conference on The Chinese Economy, 20-21 October 2005
  • Thomakos, D. D. and Kottaridi, C. (2006), Global FDI Convergence Patterns? Evidence from International Comparisons, Journal of Economic Integration, 22 (1), 1-25
  • Tunca, H., M. Karaçuka ve A. N. Çatık (2013), A Meta-Frontier Approach to Measure Productivity Differences of Domestic and Foreign Affiliated Firms, Journal of Business Economics and Management, 14(4), 651–663
Year 2016, Issue: 12, 54 - 69, 31.12.2016

Abstract

References

  • Acemoglu, D. and Robinson, J. (2010), The Role of Institutions in Growth and Development. Review of Economics and Institutions, 1 (2), 1-33.
  • Bernard, A.D., Durlauf, S.N. (1996), Interpreting tests of the Convergence Hypothesis. Journal of Econometrics, 71, 161–173.
  • Baumol, W. (1986), Productivity Growth, Convergence, and Welfare, American Economic Review, 76 (5), 1072-85
  • Çatık, N. and Karaçuka, M (2012), A spatial approach To Measure Productivity Spillovers of Foreign Affiliated Firms in Turkish Manufacturing Industries, The Journal of Developing Areas, 46 (2), 65-83
  • Feldstein, M. and Horioka, C. (1980), Domestic Saving and International Capital Flows, Economic Journal, 90 (358), 314–329 Gu, W. and Russell, R. R. (2010), Foreign Direct Investment and Convergence: A Nonparametric Production Frontier Approach,
  • http://economics.ucr.edu/seminars_colloquia/2010/economic_theory/Gu%20paper%20for%203%208%2010%20seminar.pdf
  • Kim, D.-H. and Trumbore, P. F (2010), Transnational Mergers and Acquisitions: The Impact of FDI on Human Rights, 1981–2006, Journal of Peace Research 47 (6), 723–734.
  • Kottaridi, C. and Thomakos, D. D. (2007), Global FDI Convergence Patterns? Evidence from International Comparisons, Journal of Economic Integration, Center for Economic Integration, Sejong University, 22, 1-25.
  • Kök, R. and Ersoy, B. A. (2009), Analyses of FDI Determinants in Developing Countries, International Journal of Social Economics, 36 (1/2), 105 – 123
  • Mottaleb, K. A. and Kalirajan, K. (2010), Determinants of Foreign Direct Investment in Developing Countries: A Comparative Analysis, ASARC Working Paper 2010/13.
  • Onyewuchi, O. G and Obumneke, E (2013), Multinational Corporations and the Nigerian Economy, International Journal of Academic Research in Business and Social Sciences, 3 (4), 359-369
  • Quah, D.(1993), Galton’s Fallacy and Tests of the Convergence Hypothesis, Scandinavian Journal of Economics, 95 (4),427-43
  • Quah, D. (1996), Empirics for Economic Growth and Convergence.European Economic Review, 40 (6), 1353-1375.
  • Pesaran, M.H. (2007), A Pair-wise Approach to Testing for Output and Growth Convergence, Journal of Econometrics 138, 312–355.
  • Pesaran, M.H., Smith, R.P., Yamagata. T. and Hvozdyk, L. (2006), Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures, Cambridge Working Papers in Economics, 0634, Faculty of Economics, University of Cambridge.
  • Pesaran, M.H., Smith, R.P., Yamagata. T. and Hvozdyk, L. (2009), Pairwise Tests of Purchasing Power Parity, Econometric Reviews, 28 (6), 495-521.
  • Popovici, O. C. and Călin, A. C, (2014), FDI Theories. A Location-Based Approach, The Romanian Economic Journal, 17 (53), 3-24
  • Sarıalioğlu Hayali, A. (2012), A Comparative Analysis of FDI in Terms of “Quantity” and “Quality”: Turkish Case, Ege Akademik Bakış, 3(12), 285-300
  • Tanimoune, N. A. and Renard. M. F. (2005), FDI Convergence and Spatial Dependence between Chinese Provinces, 5th International Conference on The Chinese Economy, 20-21 October 2005
  • Thomakos, D. D. and Kottaridi, C. (2006), Global FDI Convergence Patterns? Evidence from International Comparisons, Journal of Economic Integration, 22 (1), 1-25
  • Tunca, H., M. Karaçuka ve A. N. Çatık (2013), A Meta-Frontier Approach to Measure Productivity Differences of Domestic and Foreign Affiliated Firms, Journal of Business Economics and Management, 14(4), 651–663
There are 21 citations in total.

Details

Primary Language Turkish
Subjects Finance
Journal Section Research Articles
Authors

Halil Tunca

Filiz Akbaş-yeşilyurt

Muhammet Ensar Yeşilyurt

Publication Date December 31, 2016
Published in Issue Year 2016 Issue: 12

Cite

APA Tunca, H., Akbaş-yeşilyurt, F., & Yeşilyurt, M. E. (2016). YÜKSELEN PİYASA EKONOMİLERİNDE DOĞRUDAN YABANCI YATIRIMLARIN YAKINSAMASI. Selçuk Üniversitesi Sosyal Ve Teknik Araştırmalar Dergisi(12), 54-69.

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