The Effect of Selected Variables on Foreign Direct Investment : The Case of E7 Countries

Yusuf Korkmaz

Makale detayları

The Effect of Selected Variables on Foreign Direct Investment : The Case of E7 Countries

Yazarlar:

Yusuf Korkmaz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Panel Veri Analizi | Büyüme | Kalkınma Ekonomisi - Makro

Dergi:

Fiscaoeconomia Vol.9 Issue 1, pp.621-635

Belge Tipi:

Makale

Yayın Tarihi:

2/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001341624

pISSN:

2564-7504

Anahtar kelimeler:

Özet:

 After the Second World War, Foreign Direct Investment FDIs have attracted rapidly increasing attention worldwide due to the impact of globalization. To ensure the efficient allocation of limited resources and to find more profitable investment environments for companies, the orientation towards such investments has increased significantly. FDIs refer to investments other than portfolio investments that come to a country from across the border with the aim of establishing a new firm, acquiring an existing firm, or becoming a partner in that firm. These investments not only provide capital flow but also bring business know-how, sectoral experience, new products, and technologies to the country. This study investigates how different variables affect FDIs for Turkey, Russia, Mexico, China, India, Brazil and Indonesia, which are defined as E7 countries. This study analyses the determinants of FDI in E7 countries with annual data for the period 2002-2021 using the panel data method. In the study, important macro, demographic, and institutional factors affecting the FDIs are emphasized. According to the results, a statistically significant negative relationship was found between inflation, current account deficit, exchange rate, external debt level, and FDIs. In addition, there is a statistically positive and significant relationship between urbanization, population, economic growth, trade balance, and FDIs. By analyzing the effects of FDIs on the economies of E7 countries in depth, the study is important in terms of revealing the factors necessary for these countries to optimize their FDI attraction strategies.

 After the Second World War, Foreign Direct Investment FDIs have attracted rapidly increasing attention worldwide due to the impact of globalization. To ensure the efficient allocation of limited resources and to find more profitable investment environments for companies, the orientation towards such investments has increased significantly. FDIs refer to investments other than portfolio investments that come to a country from across the border with the aim of establishing a new firm, acquiring an existing firm, or becoming a partner in that firm. These investments not only provide capital flow but also bring business know-how, sectoral experience, new products, and technologies to the country. This study investigates how different variables affect FDIs for Turkey, Russia, Mexico, China, India, Brazil and Indonesia, which are defined as E7 countries. This study analyses the determinants of FDI in E7 countries with annual data for the period 2002-2021 using the panel data method. In the study, important macro, demographic, and institutional factors affecting the FDIs are emphasized. According to the results, a statistically significant negative relationship was found between inflation, current account deficit, exchange rate, external debt level, and FDIs. In addition, there is a statistically positive and significant relationship between urbanization, population, economic growth, trade balance, and FDIs. By analyzing the effects of FDIs on the economies of E7 countries in depth, the study is important in terms of revealing the factors necessary for these countries to optimize their FDI attraction strategies.

 After the Second World War, Foreign Direct Investment FDIs have attracted rapidly increasing attention worldwide due to the impact of globalization. To ensure the efficient allocation of limited resources and to find more profitable investment environments for companies, the orientation towards such investments has increased significantly. FDIs refer to investments other than portfolio investments that come to a country from across the border with the aim of establishing a new firm, acquiring an existing firm, or becoming a partner in that firm. These investments not only provide capital flow but also bring business know-how, sectoral experience, new products, and technologies to the country. This study investigates how different variables affect FDIs for Turkey, Russia, Mexico, China, India, Brazil and Indonesia, which are defined as E7 countries. This study analyses the determinants of FDI in E7 countries with annual data for the period 2002-2021 using the panel data method. In the study, important macro, demographic, and institutional factors affecting the FDIs are emphasized. According to the results, a statistically significant negative relationship was found between inflation, current account deficit, exchange rate, external debt level, and FDIs. In addition, there is a statistically positive and significant relationship between urbanization, population, economic growth, trade balance, and FDIs. By analyzing the effects of FDIs on the economies of E7 countries in depth, the study is important in terms of revealing the factors necessary for these countries to optimize their FDI attraction strategies.

 İkinci Dünya Savaşının ardından, küreselleşmenin etkisiyle Doğrudan Yabancı Yatırımlar DYY dünya genelinde hızla artan bir ilgi görmeye başlamıştır. Sınırlı kaynakların etkin dağıtımını sağlamak ve şirketler için daha karlı yatırım ortamları bulmak amacıyla bu tür yatırımlara olan yönelim önemli ölçüde artmıştır. DYYler, bir ülkeye sınır ötesinden portföy yatırımları dışında gelen, yeni bir firma kurmak, mevcut olan bir firmayı satın almak ya da o firmaya ortak olmak amacıyla yapılan yatırımları ifade etmektedir. Bu yatırımlar sadece sermaye akışı sağlamakla kalmaz, aynı zamanda işletmecilik bilgisi, sektörel tecrübe ve yeni ürün ve teknolojilerin de ülkeye gelmesine olanak tanır. Çalışmada E7 ülkeleri olarak tanımlanan Türkiye, Rusya, Meksika, Çin, Hindistan, Brezilya ve Endonezya için farklı değişkenlerin DYYleri nasıl etkilediği araştırılmaktadır. Bu çalışmada 2002-2021 dönemine ait yıllık veriler ile E7 ülkelerinde DYYleri belirleyen etmenler panel veri yöntemi ile analiz edilmektedir. Çalışmada DYYleri etkileyen önemli makro, demografik ve kurumsal faktörler üzerinde durulmuştur. Elde edilen analiz sonuçlarına göre enflasyon, cari açık, döviz kuru ve dış borç düzeyi ile DYYler arasında istatistiki olarak anlamlı negatif bir ilişki bulunmuştur. Buna ek olarak kentleşme nüfusu, ekonomik büyüme ve dış ticaret dengesi ile DYYler arasında istatistikî olarak pozitif yönlü ve anlamlı bir ilişkinin varlığı tespit edilmiştir. DYYlerin E7 ülkeleri ekonomilerine olan etkilerini derinlemesine analiz ederek, bu ülkelerin DYYleri çekme stratejilerini optimize etmeleri için gerekli faktörleri ortaya koyması açısından çalışma önem arz etmektedir.

Makale detayları

The Effect of Selected Variables on Foreign Direct Investment : The Case of E7 Countries

Yazarlar:

Yusuf Korkmaz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Panel Veri Analizi | Büyüme | Kalkınma Ekonomisi - Makro

Dergi:

Fiscaoeconomia Vol.9 Issue 1, pp.621-635

Belge Tipi:

Makale

Yayın Tarihi:

2/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001341624

pISSN:

2564-7504

Foreign Direct Investment

Macroeconomic Variables

E7 Countries

Panel Data AnalysisDoğrudan Yabancı Yatırımlar

E7 Ülkeleri

Makroekonomik Değişkenler

Panel Veri Analizi

Sayı

Makale detayları

Yazarlar: Yusuf Korkmaz

Yayıncı: Ahmet Arif EREN

Ana Başlıklar: Panel Veri Analizi | Büyüme | Kalkınma Ekonomisi - Makro

Dergi: Fiscaoeconomia Vol.9 Issue 1, pp.621-635

Belge Tipi: Makale

Yayın Tarihi: 2/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001341624

pISSN: 2564-7504

Sayı

Yazarlar:

Yusuf Korkmaz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Panel Veri Analizi | Büyüme | Kalkınma Ekonomisi - Makro

Dergi:

Fiscaoeconomia Vol.9 Issue 1, pp.621-635

Belge Tipi:

Makale

Yayın Tarihi:

2/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001341624

pISSN:

2564-7504