This study examines the role of exports in the transmission of horizontal and vertical spillovers of foreign direct investment for the Turkish manufacturing industry by using firm‐level data. Our objective is to test whether the export capacity of firms is one of the determinants of the occurrence of the horizontal and vertical spillovers generated by foreign direct investment. In order to determine whether the productivity effects arising from horizontal and vertical (backward and forward) spillovers are conditioned by the exports of firms, value added and total factor productivity equations for Turkish manufacturing industry firms for the years 2003–11 are estimated using the panel data method. Our estimation results show that the productivity effects generated by horizontal, backward, and forward spillovers of foreign direct investment are more pronounced for export‐oriented firms.
The purpose of this article is to investigate the effect of government consumption and investment expenditures on private sector investment in the Turkish economy. In this study, the Cointegration Vector Autoregressive Model based on 1980-2018 data has been used. The results of the cointegration vector obtained from the Johansen Cointegration Test show that during the period under review, government investment expenditures are complementary and incentive and government consumption expenditures are competitive with private investment expenditures. Based on the results, it is suggested that to economic prosperity and development in various economic sectors, the government should undertake infrastructure expenditures.
This study examines the direct and indirect or spillover effects (horizontal and vertical) of FDI with special emphasis on the backward spillover effects. My main purpose is to examine whether the effect of backward spillovers generated by export oriented foreign owned firms is larger on productivity of domestic firms than backward spillover effect generated by domestic oriented foreign owned firms by using firm-level data for the years 2003-2011. With this purpose, value added and total factor productivity equations with two different measures of backward spillover effects for Turkish manufacturing industry firms are estimated by using the panel data method. My empirical results are consistent with the existence of positive horizontal and vertical spillovers of FDI. My estimation results also show that the backward spillover generated by export oriented foreign owned firms is larger than the backward spillover generated by domestic oriented foreign owned firms.
Bu çalışmanın amacı petrol fiyatları ile BIST100, BIST Sanayi, BIST Kimya, Petrol&Plastik, Dolar/TL, faiz oranı değişkenlerinin karşılıklı duyarlılıklarını ve etkileşim derecelerini analiz etmektir. Söz konusu ama ulaşabilmek için 2005:01-2020:06 dönemi aylık verileri kullanılarak Vektör Otoregresyon (Vector Autoregression -VAR) yönteminden yararlanılmıştır. VAR metodu ile değişkenler arasındaki karşılıklı ilişki test edilmiştir. Ayrıca değişkenler arasındaki dinamik ilişkiler on dönem boyunca varyans ayrıştırma ve etki-tepki fonksiyonları ile belirlenmeye çalışılmıştır. Çalışmadan elde edilen ampirik bulgulara göre BIST100 endeksinden ham petrol, faiz oranı, BIST Sanayi ve BIST Kim, Petrol&Plastik endeksine doğru tek yönlü bir nedensellik ilişkisi saptanmıştır. Çalışmada ayrıca BIST Kim, Petrol&Plastik endeksi ile Dolar/TL ve faiz değişkeni arasında bir nedensellik ilişkisi tespit edilmiştir. Varyans ayrışım sonuçlarına göre BIST100 ve BISTKimya, Petrol&Plastik değişkenlerinin varyansındaki değişimlerin önemli oranda değişkenlerin kendisi tarafından açıklandığı bulgusuna ulaşılmıştır. BIST Sanayi endeksini en çok açıklayan değişkenin ise BISTKimya, Petrol&Plastik endeksinin olduğu tespit edilmiştir.
Economic growth is one of the basic objectives of countries' economic programs, which is influenced by various factors such as the amount of capital available. Attracting capital and foreign direct investment is an important way to accelerate the economy towards development and job creation, which can be considered an engine of economic growth and development. Considering the special importance of foreign direct investment (FDI) in economic growth, this article examines the impact of FDI on economic growth. For this purpose, the data of some countries in the Middle East and North Africa (Egypt, Saudi Arabia, Morocco, Jordan, Tunisia, Iran, Turkey, and Yemen) were selected for the period from 1980 to 2020. A second-generation panel cointegration method was used to achieve the study's objective. According to the results, the impact of FDI on economic growth in Egypt, Saudi Arabia, Morocco, Tunisia, Turkey, and Yemen during the study period is positive and statistically significant. In Jordan and Iran, FDI was found to have no impact on economic growth. Moreover, the impact of capital stock and labor on the economic growth of member countries is positive and significant, except in Tunisia, Egypt, Jordan, and Yemen.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.