International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1916
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Prof. Dr. Mustafa Kemal Değer
Session : 1C Makroekonomi
Relations between Foreign Direct Investments and Intermediate and Capital Goods: Toda-Yamamoto Causality Analyses on Turkish Economy (2005 M1-2016 M12
Doğrudan Yabancı Yatırımlar ile Aramalı ve Sermaye Malı İthalatı Arası İlişkiler: Türkiye Ekonomisi Üzerine Toda-Yamamoto Nedensellik Analizleri (2005 M1-2016 M12)
- Prof. Dr. Mustafa Kemal Değer (Karadeniz Technical University, Türkiye)
- Muharrem Akın Doğanay (Karadeniz Technical University, Türkiye)
Abstract
The aim of this study is to empirically test the relations between the FDI in Turkey's manufacturing industry and the imports of intermediate and capital goods. Monthly data for the period 2005-2016 belonging to the variables used in the study were obtained from the "Electronic Data Distribution System" of the Central Bank of the Republic of Turkey. In the determination of the period of the study, the presence of monthly data and the increase trend of the FDI coming to Turkey after 2005 have been influential. Relations between variables in the study were tried to be determined by Toda-Yamamoto causality analysis. According to the empirical findings obtained in the study, one-way and statistically significant causal relations from FDI made in manufacturing industry to both capital goods imports and intermediate imports have been determined. However, from these relations, towards to intermediate imports is much more robust in terms of statistics. Therefore, these findings obtained from the study shows that FDI on Turkey's manufacturing industry are an important determinant of capital goods, and especially intermediate goods imports.
JEL codes: F10
Değer, Mustafa Kemal, Doğanay, Muharrem Akın (2017). "Relations between Foreign Direct Investments and Intermediate and Capital Goods: Toda-Yamamoto Causality Analyses on Turkish Economy (2005 M1-2016 M12" in Proceedings of International Conference of Eurasian Economies 2017, pp.307-312, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01916
