DOĞRUDAN YABANCI YATIRIMLAR, İHRACAT ve EKONOMİK BÜYÜME: SEÇİLMİŞ GELİŞMEKTE OLAN ÜLKELERDEN KANITLAR

Abstract

The purpose of this study is to analyze the relationship among foreign direct investments, export and economic growth, and to provide evidence from 44 selected developing countries. Firstly, the data sets consisting of annual data in the period of 2000-2014 were subjected to LLC, IPS and Hadri panel unit root tests and it was concluded that the series did not have unit roots in their level values. The causality relationship among the series was determined using the Dumitrescu-Hurlin Causality Test method. According to the results obtained, it may be argued that there is a two-way relationship of causality among the variables foreign direct investments, export and economic growth in the developing countries in question.