The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets
Economic growth is defined as an increase in the volume of production of an economy over time. Economic growth is important for the country at every level of development. Foreign capital investments are generally divided into two categories: direct foreign capital investments and indirect foreign ca...
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| Format: | Article |
| Language: | English |
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Selcuk University Press
2019-04-01
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| Series: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/674206 |
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| author | Murat Akkaya |
| author_facet | Murat Akkaya |
| author_sort | Murat Akkaya |
| collection | DOAJ |
| description | Economic growth is defined as an increase in the volume of
production of an economy over time. Economic growth is important for the
country at every level of development. Foreign capital investments are
generally divided into two categories: direct foreign capital investments and
indirect foreign capital investments. Foreign direct investment flows in
developing markets are seen as the main driving force of economic development,
employment and national income. With globalization, there have been significant
increases in Foreign Direct Investment since 1990s. Despite the fact that the
foreign direct investment (FDI) inflows predicts tremendous benefits to the
host country, there are conflicting results in the FDI - growth relationship in
the literature. The aim of this study is to analyze the relationship between
direct foreign investment, economic freedom and economic growth in the 12
countries defined as emerging markets in the period of 1995-2016 by using
dynamic panel data method. According to the results of the analysis, there is a
relation between FDI and economic growth. Also no relation with economic
freedom has been observed. Moreover, high technological product exports and
population affect FDI. There is no relation between FDI and trade openness,
interest rates, unemployment rate, domestic consumption. |
| format | Article |
| id | doaj-art-dcab7ff9e367485aa9be20c6c8ccf25a |
| institution | Kabale University |
| issn | 2564-7458 |
| language | English |
| publishDate | 2019-04-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| spelling | doaj-art-dcab7ff9e367485aa9be20c6c8ccf25a2025-01-03T00:44:57ZengSelcuk University PressSelçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi2564-74582019-04-0122111010.29249/selcuksbmyd.454388154The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging MarketsMurat AkkayaEconomic growth is defined as an increase in the volume of production of an economy over time. Economic growth is important for the country at every level of development. Foreign capital investments are generally divided into two categories: direct foreign capital investments and indirect foreign capital investments. Foreign direct investment flows in developing markets are seen as the main driving force of economic development, employment and national income. With globalization, there have been significant increases in Foreign Direct Investment since 1990s. Despite the fact that the foreign direct investment (FDI) inflows predicts tremendous benefits to the host country, there are conflicting results in the FDI - growth relationship in the literature. The aim of this study is to analyze the relationship between direct foreign investment, economic freedom and economic growth in the 12 countries defined as emerging markets in the period of 1995-2016 by using dynamic panel data method. According to the results of the analysis, there is a relation between FDI and economic growth. Also no relation with economic freedom has been observed. Moreover, high technological product exports and population affect FDI. There is no relation between FDI and trade openness, interest rates, unemployment rate, domestic consumption.https://dergipark.org.tr/tr/download/article-file/674206foreign direct investmenteconomic growtheconomic freedominterest ratespanel data analysisdoğrudan yabancı sermaye yatırımıekonomik büyümeekonomik özgürlükfaiz oranlarıpanel veri analizi |
| spellingShingle | Murat Akkaya The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi foreign direct investment economic growth economic freedom interest rates panel data analysis doğrudan yabancı sermaye yatırımı ekonomik büyüme ekonomik özgürlük faiz oranları panel veri analizi |
| title | The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets |
| title_full | The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets |
| title_fullStr | The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets |
| title_full_unstemmed | The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets |
| title_short | The Relationship Between Direct Foreign Capital Investment, Economic Freedom And Economic Growth In Emerging Markets |
| title_sort | relationship between direct foreign capital investment economic freedom and economic growth in emerging markets |
| topic | foreign direct investment economic growth economic freedom interest rates panel data analysis doğrudan yabancı sermaye yatırımı ekonomik büyüme ekonomik özgürlük faiz oranları panel veri analizi |
| url | https://dergipark.org.tr/tr/download/article-file/674206 |
| work_keys_str_mv | AT muratakkaya therelationshipbetweendirectforeigncapitalinvestmenteconomicfreedomandeconomicgrowthinemergingmarkets AT muratakkaya relationshipbetweendirectforeigncapitalinvestmenteconomicfreedomandeconomicgrowthinemergingmarkets |