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Year 2020, Volume: 12 Issue: 2, 45 - 54, 15.06.2020

Efe Can Kılınç

Abstract

References

  • Adhikary, B. K. (2015). Dynamic Effects of FDI, Trade Openness, Capital Formation and Human Capital on the Economic Growth Rate in the Least Developed Economies: Evidence from Nepal. International Journal of Trade, Economics and Finance, 6(1), 1.
  • Alsmadi, A. A. & Oudat, M. S. (2019). The effect of foreign direct investment on financial development: Empirical evidence from Bahrain. Ekonomski Pregled, 70(1), 22-40.
  • Asghar, A. (2016). Foreign Direct Investment and Trade Openness: The Case of South Asian Economies. International Journal of Innovation and Applied Studies, 17(2), 513.
  • Bahri, E. N. B., Shaari, A. H. & Haji, H. (2018), The role of financial development on foreign direct investment in ASEAN-5 countries: panel cointegration with cross-sectional dependency analysis. Asian Academy of Management Journal of Accounting and Finance, 14(1), 1–23.
  • Barro, R. J. & Sala-I-Martin, X. (1995). Economic growth. Cambridge MA: McGraw-Hill.
  • Bayar, Y. & Gavriletea, M. D. (2016). Foreign direct investment inflows and financial development in Central and Eastern European Union countries: a panel cointegration and causality. International Journal of Financial Studies, 6, (55), 1-13.
  • Broner, F. & Ventura, J. (2016). Rethinking the effects of financial globalization. The Quarterly Journal of Economics, 131(3), 1497-1542.
  • Brun, J. & Gnangnon, S. K. (2017). Does Trade Openness contribute to driving financing flows for development?, WTO Working Paper ERSD-2017-06.
  • Cantaha, G. W., Brafu-Insaidooa, G. W., Wiafeb, E. A. & Adamsa, A. (2016). FDI and trade policy openness in Sub-Saharan Africa. Eastern Economic Journal, 44, 1-20.
  • Chung, L. C. W. (2014). The impact of horizontal and vertical FDI on host country’s economic growth, Erasmus University Rotterdam Erasmus, School of Economics, Department of Economics-International Economics, Master Thesis.
  • Dellis, K. (2018). Financial development and FDI flows: evidence from advanced economies. Bank of Greece. Working Paper No: 254.
  • Desbordes, R. & Wei, S. J. (2017). The effects of financial development on foreign direct investment. NBER Working Paper Series.
  • Desbordes, R. & Wei, S. J. (2014). The effects of financial development on foreign direct investment. World Bank, Policy Research Working Paper, 7065.
  • Donaubauera, J., Neumayerb , E., & Nunnenkamp, P. (2016). Financial Market Development in Host and Source Countries and Its Effects on Bilateral FDI, http://www.lse.ac.uk/website-archive/GeographyAndEnvironment/neumayer/pdf/Financial%20Market%20Development%20Effects%20on%20Bilateral%20FDI.pdf Erişim Tarihi: 15.11.2019.
  • Dutta, N. & Roy, S. (2011). Foreign direct investment, financial development and political risks. The Journal of Developing Areas, 303-327.
  • Fauzel, S. (2016). Modeling the relationship between FDI and financial development in small island economies: a PVAR approach. Theoretical Economics Letters, 6, 367-375.
  • Hermes, N. & Lensink, R. (2003). Foreign direct investment, financial development and economic growth. The Journal of Development Studies, 40(1), 142-163.
  • IMF, Financial Development Index Database, 10 Eylül 2019 tarihinde https://data.imf.org/?sk=F8032E80-B36C-43B1-AC26-493C5B1CD33B adresinden erişildi.
  • Grossman, G. M. & Helpman, E. (1991). Innovation and growth in the global economy, Cambridge MA: MIT Press.
  • Kar, M., Nazlioglu, S., Agir, H. (2011). Financial development and economic growth nexus in the MENA countries: bootstrap panel granger causality analysis. Economic Modelling 28(1-2): 685-693.
  • Kónya, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling. 23(6): 978-992.
  • Levine, R. (1997). Financial development and economic growth: views and agenda. Journal of Economic Literature, 35, 688-726.
  • Matin, W. M. (2019). Financial development indicators and FDI: international evidence. World Scientific News 13, 181-196.
  • Menyah, K., Nazlioglu, S., Wolde-Rufael, Y. (2014). Financial development, trade openness and economic growth in African countries: new ınsights from a panel causality approach. Economic Modelling 37: 386-394.
  • Mutascu, M. (2015). A bootstrap panel Granger causality analysis of government revenues and expenditures in the PIIGS countries.
  • Pesaran, M. H. & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics. 142(1): 50-93.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. Cambridge Working Papers in Economics No. 0435. Faculty of Economics, University of Cambridge.
  • Simon Fraser University, 10 Eylül 2019 tarihinde http://www.sfu.ca/~schmitt/answer_342_09_v1.pdf adresinden erişildi.
  • Soumaré, I. & Tchana Tchana, F. (2011). Causality between FDI and financial market development: evidence from emerging markets. MPRA Paper No. 31328.
  • Tidiane, K. (2010). Increasing private capital flows to developing countries: the role of physical and financial infrastructure in 58 countries, 1970-2003, Applied Econometrics and International Development, 10(2), 57-72.
  • Varnamkhasti, J. G., Nasab, E. H. & Najarzadeh, R. (2015). Financial development as a determinant factor of FDI inflow to developing countries. International Journal of Humanities, 22 (3), 1-27.
  • Wanat, S., Papież, M., & Śmiech, S. (2016). Insurance market development and economic growth in transition countries: Some new evidence based on bootstrap panel Granger causality test.
  • Win, H. H. H., Ichihashi, M., Kaneko, S. & Goto, D. (2017). Relationship between financial development and foreign direct investment. https://home.hiroshima-u.ac.jp/ichi/Hnin2017%20final%20version(Discussion%20Paper).pdf Erişim Tarihi: 10.11.2019.
  • World Bank, World Development Indicators, https://databank.worldbank.org/ Erişim Tarihi: 10.09.2019.

Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği

Year 2020, Volume: 12 Issue: 2, 45 - 54, 15.06.2020

Efe Can Kılınç

Abstract

Doğrudan yabancı sermaye yatırımları; hedef ülkelerin başta sermaye yetersizliğinin gidermesinin yanı sıra teknoloji transferini sağlaması, istihdama katkı vermesi, kurumsal vergi gelirlerini artırması ve bunlara bağlı olarak ekonomik büyüme ve kalkınmaya katkıda bulunması gibi sebeplerden ötürü ülke ekonomileri için değerli bir kaynak olarak görülmektedir. Doğrudan yabancı sermaye yatırımları, ülkelerin finansal gelişmişlik düzeyleri ve uluslararası ticaret olan açıklık düzeylerinden etkilenmektedir. E7 ülkelerinde doğrudan yabancı sermaye yatırımları, finansal gelişme ve ticari açıklık arasındaki ilişkinin Kónya (2006) Bootstrap Panel Granger nedensellik testi kullanılarak incelendiği bu çalışmanın temel bulguları, finansal gelişme ile doğrudan yabancı sermaye yatırımları arasında iki yönlü nedensellik ilişkisi olduğunu göstermiştir. Diğer taraftan, ticari açıklık ile doğrudan yatırımlar arasında ise herhangi bir nedensellik ilişkisi tespit edilememiştir.

Keywords

Doğrudan Yabancı Sermaye Girişleri Finansal Gelişme Ticari Açıklık Panel Nedensellik

References

  • Adhikary, B. K. (2015). Dynamic Effects of FDI, Trade Openness, Capital Formation and Human Capital on the Economic Growth Rate in the Least Developed Economies: Evidence from Nepal. International Journal of Trade, Economics and Finance, 6(1), 1.
  • Alsmadi, A. A. & Oudat, M. S. (2019). The effect of foreign direct investment on financial development: Empirical evidence from Bahrain. Ekonomski Pregled, 70(1), 22-40.
  • Asghar, A. (2016). Foreign Direct Investment and Trade Openness: The Case of South Asian Economies. International Journal of Innovation and Applied Studies, 17(2), 513.
  • Bahri, E. N. B., Shaari, A. H. & Haji, H. (2018), The role of financial development on foreign direct investment in ASEAN-5 countries: panel cointegration with cross-sectional dependency analysis. Asian Academy of Management Journal of Accounting and Finance, 14(1), 1–23.
  • Barro, R. J. & Sala-I-Martin, X. (1995). Economic growth. Cambridge MA: McGraw-Hill.
  • Bayar, Y. & Gavriletea, M. D. (2016). Foreign direct investment inflows and financial development in Central and Eastern European Union countries: a panel cointegration and causality. International Journal of Financial Studies, 6, (55), 1-13.
  • Broner, F. & Ventura, J. (2016). Rethinking the effects of financial globalization. The Quarterly Journal of Economics, 131(3), 1497-1542.
  • Brun, J. & Gnangnon, S. K. (2017). Does Trade Openness contribute to driving financing flows for development?, WTO Working Paper ERSD-2017-06.
  • Cantaha, G. W., Brafu-Insaidooa, G. W., Wiafeb, E. A. & Adamsa, A. (2016). FDI and trade policy openness in Sub-Saharan Africa. Eastern Economic Journal, 44, 1-20.
  • Chung, L. C. W. (2014). The impact of horizontal and vertical FDI on host country’s economic growth, Erasmus University Rotterdam Erasmus, School of Economics, Department of Economics-International Economics, Master Thesis.
  • Dellis, K. (2018). Financial development and FDI flows: evidence from advanced economies. Bank of Greece. Working Paper No: 254.
  • Desbordes, R. & Wei, S. J. (2017). The effects of financial development on foreign direct investment. NBER Working Paper Series.
  • Desbordes, R. & Wei, S. J. (2014). The effects of financial development on foreign direct investment. World Bank, Policy Research Working Paper, 7065.
  • Donaubauera, J., Neumayerb , E., & Nunnenkamp, P. (2016). Financial Market Development in Host and Source Countries and Its Effects on Bilateral FDI, http://www.lse.ac.uk/website-archive/GeographyAndEnvironment/neumayer/pdf/Financial%20Market%20Development%20Effects%20on%20Bilateral%20FDI.pdf Erişim Tarihi: 15.11.2019.
  • Dutta, N. & Roy, S. (2011). Foreign direct investment, financial development and political risks. The Journal of Developing Areas, 303-327.
  • Fauzel, S. (2016). Modeling the relationship between FDI and financial development in small island economies: a PVAR approach. Theoretical Economics Letters, 6, 367-375.
  • Hermes, N. & Lensink, R. (2003). Foreign direct investment, financial development and economic growth. The Journal of Development Studies, 40(1), 142-163.
  • IMF, Financial Development Index Database, 10 Eylül 2019 tarihinde https://data.imf.org/?sk=F8032E80-B36C-43B1-AC26-493C5B1CD33B adresinden erişildi.
  • Grossman, G. M. & Helpman, E. (1991). Innovation and growth in the global economy, Cambridge MA: MIT Press.
  • Kar, M., Nazlioglu, S., Agir, H. (2011). Financial development and economic growth nexus in the MENA countries: bootstrap panel granger causality analysis. Economic Modelling 28(1-2): 685-693.
  • Kónya, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling. 23(6): 978-992.
  • Levine, R. (1997). Financial development and economic growth: views and agenda. Journal of Economic Literature, 35, 688-726.
  • Matin, W. M. (2019). Financial development indicators and FDI: international evidence. World Scientific News 13, 181-196.
  • Menyah, K., Nazlioglu, S., Wolde-Rufael, Y. (2014). Financial development, trade openness and economic growth in African countries: new ınsights from a panel causality approach. Economic Modelling 37: 386-394.
  • Mutascu, M. (2015). A bootstrap panel Granger causality analysis of government revenues and expenditures in the PIIGS countries.
  • Pesaran, M. H. & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics. 142(1): 50-93.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. Cambridge Working Papers in Economics No. 0435. Faculty of Economics, University of Cambridge.
  • Simon Fraser University, 10 Eylül 2019 tarihinde http://www.sfu.ca/~schmitt/answer_342_09_v1.pdf adresinden erişildi.
  • Soumaré, I. & Tchana Tchana, F. (2011). Causality between FDI and financial market development: evidence from emerging markets. MPRA Paper No. 31328.
  • Tidiane, K. (2010). Increasing private capital flows to developing countries: the role of physical and financial infrastructure in 58 countries, 1970-2003, Applied Econometrics and International Development, 10(2), 57-72.
  • Varnamkhasti, J. G., Nasab, E. H. & Najarzadeh, R. (2015). Financial development as a determinant factor of FDI inflow to developing countries. International Journal of Humanities, 22 (3), 1-27.
  • Wanat, S., Papież, M., & Śmiech, S. (2016). Insurance market development and economic growth in transition countries: Some new evidence based on bootstrap panel Granger causality test.
  • Win, H. H. H., Ichihashi, M., Kaneko, S. & Goto, D. (2017). Relationship between financial development and foreign direct investment. https://home.hiroshima-u.ac.jp/ichi/Hnin2017%20final%20version(Discussion%20Paper).pdf Erişim Tarihi: 10.11.2019.
  • World Bank, World Development Indicators, https://databank.worldbank.org/ Erişim Tarihi: 10.09.2019.
There are 34 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Efe Can Kılınç

Publication Date June 15, 2020
Published in Issue Year 2020Volume: 12 Issue: 2

Cite

APA Kılınç, E. C. (2020). Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 12(2), 45-54.
AMA Kılınç EC. Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği. Journal of ASU FEAS. June 2020;12(2):45-54.
Chicago Kılınç, Efe Can. “Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme Ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 12, no. 2 (June 2020): 45-54.
EndNote Kılınç EC (June 1, 2020) Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 12 2 45–54.
IEEE E. C. Kılınç, “Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği”, Journal of ASU FEAS, vol. 12, no. 2, pp. 45–54, 2020.
ISNAD Kılınç, Efe Can. “Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme Ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği”. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 12/2 (June 2020), 45-54.
JAMA Kılınç EC. Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği. Journal of ASU FEAS. 2020;12:45–54.
MLA Kılınç, Efe Can. “Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme Ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 12, no. 2, 2020, pp. 45-54.
Vancouver Kılınç EC. Doğrudan Yabancı Sermaye Girişlerinin Finansal Gelişme ve Ticari Açıklık İle Olan İlişkisi: E7 Ülkeleri Örneği. Journal of ASU FEAS. 2020;12(2):45-54.
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