International Conference on Eurasian Economies

1-3 July 2014 – Skopje, MACEDONIA

Paper detail

Paper ID : 947
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Ph.D. candidate Ömer Faruk Biçen
Session : 6B Uluslararası Ekonomi I

The Determination of Economic Freedom in Foreign Direct Investment Inflows to the Balkans States and Turkey
Balkan Ülkelerine ve Türkiye’ye Yönelik Doğrudan Yabancı Sermaye Girişlerinde Ekonomik Özgürlüklerin Belirleyiciliği

• Prof. Dr. Bedriye Tunçsiper (İzmir Demokrasi University, Türkiye)
• Ph.D. candidate Ömer Faruk Biçen (Balıkesir University, Türkiye)

Abstract

Foreign direct investment (FDI) are an important external savings resource for the developing countries that have problems with financing of growth and development. The transformation that started in the global economic system from 1980’s substituted other capital types, major of them are FDI, instead of official development aid. Nevertheless, the foreign direct investment pulling competition have started among developing countries. The papers in this side imply that the countries having broad domestic markets, high economic growth potential, an improved infrastructure and human capital level have advantages on pulling FDI. Moreover, some papers in last years reflect that economic freedom is also an important determinative in addition to other determinatives of FDI. The main aim of this paper is to analyze the determination of economic freedom on the FDI that inflow to the Balkan states and Turkey. In the paper using 1994-2012 time dimension, the countries added to the analysis are Turkey, Bulgaria, Greece, Romania, Macedonia, Albania and Croatia. The results with panel regression method showed that some economic freedom indices supported the inflows of FDI in this countries.

JEL codes: C33, O16

Tunçsiper, Bedriye, Biçen, Ömer Faruk (2014). "The Determination of Economic Freedom in Foreign Direct Investment Inflows to the Balkans States and Turkey" in Proceedings of International Conference of Eurasian Economies 2014, pp.410-418, Skopje, MACEDONIA.

DOI: https://doi.org/10.36880/C05.00947

Full paper in PDF format.

Session 6B: Uluslararası Ekonomi I